Universal Beteiligungs und Servicegesellschaft mbH Lowers Stake in Qorvo, Inc. $QRVO

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in Qorvo, Inc. (NASDAQ:QRVO) by 10.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,902 shares of the semiconductor company’s stock after selling 16,982 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.15% of Qorvo worth $13,016,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Lecap Asset Management Ltd. purchased a new stake in Qorvo during the 3rd quarter worth approximately $2,689,000. Norges Bank acquired a new position in shares of Qorvo in the second quarter worth $153,994,000. Vinva Investment Management Ltd acquired a new position in shares of Qorvo in the second quarter worth $507,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Qorvo during the second quarter worth $2,758,000. Finally, Seizert Capital Partners LLC acquired a new stake in shares of Qorvo in the third quarter valued at $2,092,000. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

Qorvo Price Performance

QRVO stock opened at $80.91 on Friday. The business has a 50 day moving average price of $84.62 and a 200 day moving average price of $87.88. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 1.51 and a beta of 1.36. Qorvo, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $106.30. The company has a quick ratio of 2.20, a current ratio of 2.95 and a debt-to-equity ratio of 0.44.

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

Analyst Ratings Changes

Several research analysts recently commented on the company. UBS Group lowered their target price on Qorvo from $108.00 to $87.00 and set a “neutral” rating for the company in a research note on Tuesday. Cfra Research raised Qorvo to a “hold” rating in a research report on Tuesday, October 28th. Mizuho set a $85.00 target price on shares of Qorvo in a research note on Friday, January 9th. Piper Sandler cut shares of Qorvo from an “overweight” rating to a “hold” rating and set a $110.00 target price on the stock. in a report on Wednesday, October 29th. Finally, Susquehanna lowered their price target on shares of Qorvo from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Qorvo has a consensus rating of “Hold” and a consensus price target of $99.73.

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.