Thrivent Financial for Lutherans Sells 57,023 Shares of Qorvo, Inc. $QRVO

Thrivent Financial for Lutherans lowered its holdings in Qorvo, Inc. (NASDAQ:QRVO) by 4.1% during the third quarter, Holdings Channel.com reports. The firm owned 1,343,443 shares of the semiconductor company’s stock after selling 57,023 shares during the period. Thrivent Financial for Lutherans’ holdings in Qorvo were worth $122,361,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of QRVO. Twin Peaks Wealth Advisors LLC acquired a new position in Qorvo during the second quarter valued at approximately $25,000. Nisa Investment Advisors LLC bought a new stake in shares of Qorvo in the third quarter valued at about $25,000. Winnow Wealth LLC acquired a new position in Qorvo during the 3rd quarter worth approximately $27,000. Salomon & Ludwin LLC acquired a new position in Qorvo during the third quarter worth $34,000. Finally, True Wealth Design LLC boosted its stake in shares of Qorvo by 560.3% during the 3rd quarter. True Wealth Design LLC now owns 416 shares of the semiconductor company’s stock worth $38,000 after buying an additional 353 shares during the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

Key Headlines Impacting Qorvo

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Seeking Alpha highlights a bullish view — rates QRVO a strong buy based on long-term growth, expected merger synergies, cost restructuring and management’s margin/EPS targets (FY’27 margin and EPS improvement). Qorvo: Business Transitions Can Be Tough (Seeking Alpha)
• Positive Sentiment: TipRanks summary of Qorvo’s earnings call notes profits rising as revenue resets and management prioritizing margins — this supports the view that near-term earnings quality is improving after the quarterly beat. Qorvo Earnings Call: Profits Rise as Revenue Resets (TipRanks)
• Neutral Sentiment: TipRanks reports Qorvo issued supplemental disclosures amid merger litigation — provides additional transparency but does not remove deal execution risk. Qorvo Issues Supplemental Disclosures Amid Merger Litigation (TipRanks)
• Neutral Sentiment: Seeking Alpha also notes Qorvo could offer value but warns that achieving stable, profitable growth remains a work in progress — a balanced reminder of execution risk vs. upside. Qorvo Should Offer Value… (Seeking Alpha)
• Negative Sentiment: Multiple sell‑side firms cut expectations and price targets (Citigroup, TD Cowen, Stifel, Piper Sandler, Mizuho, Craig Hallum), increasing near-term downside pressure by signaling weaker demand or execution risk. Example: Stifel trimmed its PT to $85. Stifel Nicolaus Lowers Qorvo Price Target to $85.00
• Negative Sentiment: Piper Sandler lowered its price target to $90, signaling reduced optimism from the Street on near‑term upside. Piper Sandler Lowers Qorvo Price Target to $90.00
• Negative Sentiment: Other recent analyst notes from Citigroup, TD Cowen, Mizuho and Craig Hallum also lower expectations, contributing to selling pressure as investors reprice growth and deal risk. Citigroup Issues Pessimistic Forecast for Qorvo
• Negative Sentiment: TipRanks flags new merger risk: the Qorvo–Skyworks deal faces high regulatory hurdles, break‑up fee and execution risks that could create pronounced share‑price volatility if the transaction is delayed or altered. Qorvo–Skyworks Merger Faces High Regulatory Hurdles (TipRanks)
• Negative Sentiment: Benzinga and other commentary argue Qorvo’s long‑term outlook remains unconvincing absent clearer execution on margins and the merger, reinforcing cautious sentiment. Qorvo Stock: Long-Term Outlook Remains Unconvincing (Benzinga)

Analyst Upgrades and Downgrades

QRVO has been the subject of several recent analyst reports. Benchmark reiterated a “hold” rating on shares of Qorvo in a report on Wednesday. Weiss Ratings raised shares of Qorvo from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday. Stifel Nicolaus decreased their price target on Qorvo from $88.00 to $85.00 and set a “hold” rating on the stock in a research report on Wednesday. UBS Group lowered their price objective on shares of Qorvo from $108.00 to $87.00 and set a “neutral” rating for the company in a research report on Tuesday, January 20th. Finally, Argus raised shares of Qorvo to a “hold” rating in a report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $93.56.

Qorvo Price Performance

QRVO opened at $78.11 on Friday. Qorvo, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $106.30. The company’s 50-day moving average is $84.49 and its 200 day moving average is $87.57. The firm has a market capitalization of $7.24 billion, a P/E ratio of 21.52, a PEG ratio of 1.46 and a beta of 1.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.67 and a quick ratio of 2.20.

Qorvo (NASDAQ:QRVO) last released its earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.24. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The business had revenue of $993.00 million during the quarter, compared to the consensus estimate of $984.10 million. During the same period last year, the business posted $1.61 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Research analysts expect that Qorvo, Inc. will post 4.09 earnings per share 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.