F&V Capital Management LLC Has $14.95 Million Position in Qorvo, Inc. $QRVO

F&V Capital Management LLC boosted its holdings in Qorvo, Inc. (NASDAQ:QRVO) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 160,315 shares of the semiconductor company’s stock after acquiring an additional 5,975 shares during the quarter. Qorvo accounts for about 2.8% of F&V Capital Management LLC’s investment portfolio, making the stock its 17th biggest position. F&V Capital Management LLC owned about 0.18% of Qorvo worth $14,953,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in QRVO. Smartleaf Asset Management LLC raised its holdings in shares of Qorvo by 215.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 338 shares of the semiconductor company’s stock worth $29,000 after buying an additional 231 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in Qorvo in the 2nd quarter valued at $32,000. Advisory Services Network LLC bought a new stake in Qorvo in the third quarter valued at $36,000. Elevation Wealth Partners LLC grew its position in Qorvo by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 413 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 310 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in Qorvo by 60.0% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 180 shares in the last quarter. 88.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on QRVO. Wall Street Zen upgraded shares of Qorvo from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Qorvo in a research report on Friday, July 24th. Craig Hallum reissued a “buy” rating and set a $120.00 price target on shares of Qorvo in a report on Wednesday, May 6th. UBS Group upped their price objective on shares of Qorvo from $91.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Citigroup cut their target price on shares of Qorvo from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Qorvo currently has an average rating of “Hold” and an average target price of $94.00.

Insider Activity at Qorvo

In other news, Director Peter A. Feld sold 1,900,000 shares of Qorvo stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $101.20, for a total value of $192,280,000.00. Following the sale, the director directly owned 5,611,526 shares in the company, valued at $567,886,431.20. This trade represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Grant Brown sold 5,179 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $97.50, for a total transaction of $504,952.50. Following the completion of the sale, the chief financial officer directly owned 49,268 shares in the company, valued at approximately $4,803,630. This represents a 9.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,910,666 shares of company stock valued at $193,319,935. 0.49% of the stock is owned by insiders.

Qorvo Stock Performance

QRVO stock opened at $94.73 on Monday. Qorvo, Inc. has a 1-year low of $74.92 and a 1-year high of $109.49. The company has a current ratio of 3.54, a quick ratio of 2.68 and a debt-to-equity ratio of 0.45. The firm has a market cap of $8.36 billion, a PE ratio of 21.98 and a beta of 1.44. The business’s 50-day moving average price is $91.92 and its two-hundred day moving average price is $88.98.

Qorvo (NASDAQ:QRVO) last announced its earnings results on Tuesday, July 28th. The semiconductor company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.53. The firm had revenue of $784.79 million during the quarter, compared to analyst estimates of $743.28 million. Qorvo had a net margin of 10.95% and a return on equity of 17.23%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 EPS. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. As a group, research analysts forecast that Qorvo, Inc. will post 6.3 earnings per share for the current 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.