Qorvo, Inc. $QRVO Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in shares of Qorvo, Inc. (NASDAQ:QRVO) by 43.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,410 shares of the semiconductor company’s stock after selling 6,394 shares during the quarter. SG Americas Securities LLC’s holdings in Qorvo were worth $766,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of QRVO. Norges Bank acquired a new stake in Qorvo during the 2nd quarter worth $153,994,000. LSV Asset Management grew its holdings in shares of Qorvo by 118.0% during the second quarter. LSV Asset Management now owns 1,382,970 shares of the semiconductor company’s stock worth $117,428,000 after purchasing an additional 748,589 shares during the last quarter. Rafferty Asset Management LLC increased its position in shares of Qorvo by 63.6% during the second quarter. Rafferty Asset Management LLC now owns 1,214,482 shares of the semiconductor company’s stock worth $103,122,000 after purchasing an additional 472,211 shares in the last quarter. Dorsal Capital Management LP purchased a new stake in shares of Qorvo in the 2nd quarter valued at about $34,389,000. Finally, Bank of America Corp DE boosted its position in shares of Qorvo by 20.2% in the 2nd quarter. Bank of America Corp DE now owns 1,518,964 shares of the semiconductor company’s stock valued at $128,975,000 after purchasing an additional 255,068 shares during the period. 88.57% of the stock is owned by hedge funds and other institutional investors.

Qorvo Stock Performance

NASDAQ:QRVO opened at $79.85 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.95 and a quick ratio of 2.20. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 34.57, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. The firm’s fifty day moving average price is $84.93 and its 200 day moving average price is $88.01. Qorvo, Inc. has a 1-year low of $49.46 and a 1-year high of $106.30.

Qorvo (NASDAQ:QRVO) last released its earnings results on Monday, November 3rd. The semiconductor company reported $2.22 EPS for the quarter, topping the consensus estimate of $2.03 by $0.19. The company had revenue of $1.06 billion during the quarter. Qorvo had a net margin of 5.95% and a return on equity of 13.30%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $1.88 EPS. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. On average, sell-side analysts expect that Qorvo, Inc. will post 4.09 EPS for the current year.

Wall Street Analysts Forecast Growth

QRVO has been the subject of a number of research reports. Morgan Stanley set a $110.00 price objective on Qorvo and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Cfra Research upgraded shares of Qorvo to a “hold” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. upgraded shares of Qorvo from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $92.00 to $105.00 in a research note on Tuesday, November 4th. Mizuho set a $85.00 price objective on shares of Qorvo in a research note on Friday, January 9th. Finally, Weiss Ratings cut shares of Qorvo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. Three analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $100.07.

Qorvo Profile

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.