Talos Eurisko Asset Management LP Has $16.80 Million Holdings in Qorvo, Inc. $QRVO

Talos Eurisko Asset Management LP raised its stake in shares of Qorvo, Inc. (NASDAQ:QRVO) by 41.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 197,900 shares of the semiconductor company’s stock after purchasing an additional 58,000 shares during the period. Qorvo makes up approximately 4.0% of Talos Eurisko Asset Management LP’s portfolio, making the stock its 14th biggest holding. Talos Eurisko Asset Management LP’s holdings in Qorvo were worth $16,804,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QRVO. Voya Investment Management LLC boosted its position in shares of Qorvo by 19.0% during the first quarter. Voya Investment Management LLC now owns 18,725 shares of the semiconductor company’s stock valued at $1,356,000 after buying an additional 2,990 shares during the last quarter. F&V Capital Management LLC lifted its stake in Qorvo by 69.0% during the 2nd quarter. F&V Capital Management LLC now owns 157,062 shares of the semiconductor company’s stock valued at $13,336,000 after acquiring an additional 64,114 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Qorvo during the 2nd quarter worth $2,758,000. Janney Montgomery Scott LLC boosted its holdings in Qorvo by 61.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,901 shares of the semiconductor company’s stock worth $926,000 after acquiring an additional 4,157 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of Qorvo in the 1st quarter worth $267,000. 88.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on QRVO. Argus raised shares of Qorvo to a “hold” rating in a research report on Wednesday, November 5th. Stifel Nicolaus set a $88.00 target price on Qorvo and gave the stock a “hold” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. raised Qorvo from an “underweight” rating to a “neutral” rating and upped their target price for the company from $92.00 to $105.00 in a report on Tuesday, November 4th. Susquehanna reaffirmed a “neutral” rating and set a $95.00 price target (up from $90.00) on shares of Qorvo in a research report on Wednesday, July 30th. Finally, Needham & Company LLC boosted their price objective on Qorvo from $90.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $102.00.

Qorvo Price Performance

Qorvo stock opened at $81.14 on Wednesday. The business’s 50 day simple moving average is $90.09 and its 200 day simple moving average is $86.13. Qorvo, Inc. has a 12 month low of $49.46 and a 12 month high of $106.30. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 1.48 and a beta of 1.44. The company has a current ratio of 2.95, a quick ratio of 2.20 and a debt-to-equity ratio of 0.44.

Qorvo (NASDAQ:QRVO) last released its earnings results on Monday, November 3rd. The semiconductor company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.19. Qorvo had a return on equity of 13.30% and a net margin of 5.95%.The business had revenue of $1.06 billion during the quarter. During the same period in the prior year, the business earned $1.88 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. Sell-side analysts forecast that Qorvo, Inc. will post 4.09 EPS for the current year.

Insider Buying and Selling

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

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.