11,281 Shares in Qorvo, Inc. $QRVO Bought by AXQ Capital LP

AXQ Capital LP bought a new position in shares of Qorvo, Inc. (NASDAQ:QRVO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,281 shares of the semiconductor company’s stock, valued at approximately $1,027,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Qorvo during the 2nd quarter valued at $25,000. Nisa Investment Advisors LLC acquired a new position in shares of Qorvo during the third quarter valued at about $25,000. Winnow Wealth LLC bought a new position in shares of Qorvo during the 3rd quarter worth about $27,000. Salomon & Ludwin LLC acquired a new stake in shares of Qorvo in the 3rd quarter valued at about $34,000. Finally, True Wealth Design LLC increased its position in Qorvo by 560.3% in the 3rd quarter. True Wealth Design LLC now owns 416 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 353 shares in the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

Wall Street Analysts Forecast Growth

QRVO has been the subject of several recent research reports. Citigroup decreased their price target on Qorvo from $105.00 to $90.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. Zacks Research upgraded shares of Qorvo from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 17th. Stifel Nicolaus decreased their price objective on shares of Qorvo from $88.00 to $85.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Craig Hallum cut their target price on Qorvo from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Finally, Argus raised Qorvo to a “hold” rating in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Buy rating and eighteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $93.56.

Qorvo Trading Up 0.3%

Shares of QRVO stock opened at $82.46 on Tuesday. The business has a 50-day moving average price of $82.99 and a two-hundred day moving average price of $87.19. Qorvo, Inc. has a 12-month low of $49.46 and a 12-month high of $106.30. The company has a quick ratio of 2.89, a current ratio of 3.67 and a debt-to-equity ratio of 0.42. The firm has a market cap of $7.64 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 1.43 and a beta of 1.37.

Qorvo (NASDAQ:QRVO) last announced its quarterly earnings data on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.24. The company had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $984.10 million. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.Qorvo’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $1.61 EPS. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities analysts anticipate that Qorvo, Inc. will post 4.09 EPS for the current fiscal year.

About Qorvo

Qorvo, Inc is a leading provider of advanced radio-frequency (RF), analog and mixed-signal semiconductor solutions. The company designs, develops and manufactures a broad portfolio of components and modules that enable wireless and wired connectivity across mobile devices, network infrastructure, defense systems and Internet of Things (IoT) applications.

Qorvo’s product offerings include RF filters, power amplifiers, switches, integrated front-end modules and other custom mixed-signal devices.