Qorvo, Inc. $QRVO Stock Position Trimmed by 180 Wealth Advisors LLC

180 Wealth Advisors LLC decreased its stake in shares of Qorvo, Inc. (NASDAQ:QRVO) by 9.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,766 shares of the semiconductor company’s stock after selling 490 shares during the period. 180 Wealth Advisors LLC’s holdings in Qorvo were worth $405,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of QRVO. GAMMA Investing LLC increased its stake in Qorvo by 99.1% during the 1st quarter. GAMMA Investing LLC now owns 3,665 shares of the semiconductor company’s stock valued at $265,000 after buying an additional 1,824 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Qorvo by 10.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,561 shares of the semiconductor company’s stock valued at $547,000 after buying an additional 717 shares during the period. Golden State Wealth Management LLC increased its stake in Qorvo by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,988 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 994 shares during the period. Illinois Municipal Retirement Fund increased its stake in Qorvo by 463.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 139,638 shares of the semiconductor company’s stock valued at $10,111,000 after buying an additional 114,857 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Qorvo by 7.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 134,169 shares of the semiconductor company’s stock valued at $9,593,000 after buying an additional 9,375 shares during the period. Institutional investors and hedge funds own 88.57% of the company’s stock.

Insider Activity at Qorvo

In other Qorvo news, SVP Paul J. Fego sold 13,612 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $95.00, for a total value of $1,293,140.00. Following the completion of the transaction, the senior vice president directly owned 54,558 shares in the company, valued at $5,183,010. This trade represents a 19.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Piper Sandler raised their target price on shares of Qorvo from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Wall Street Zen raised shares of Qorvo from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Stifel Nicolaus set a $88.00 price objective on shares of Qorvo and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Craig Hallum reaffirmed a “buy” rating on shares of Qorvo in a research note on Wednesday, July 30th. Finally, Citigroup reaffirmed a “sell” rating on shares of Qorvo in a research note on Wednesday, September 10th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $94.82.

Qorvo Stock Performance

Shares of QRVO opened at $90.71 on Friday. Qorvo, Inc. has a one year low of $49.46 and a one year high of $101.11. The company has a 50-day moving average of $90.78 and a two-hundred day moving average of $82.52. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 106.72, a PEG ratio of 1.77 and a beta of 1.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.81 and a quick ratio of 2.01.

Qorvo (NASDAQ:QRVO) last announced its earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.62 by $0.30. Qorvo had a net margin of 2.21% and a return on equity of 12.63%. The company had revenue of $818.80 million during the quarter, compared to analysts’ expectations of $775.61 million. During the same period last year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. On average, equities research analysts expect that Qorvo, Inc. will post 4.09 earnings per share for the current year.

Qorvo Profile

Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.