Thrivent Financial for Lutherans Cuts Stock Position in Qorvo, Inc. $QRVO

Thrivent Financial for Lutherans trimmed its holdings in Qorvo, Inc. (NASDAQ:QRVO) by 4.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,343,443 shares of the semiconductor company’s stock after selling 57,023 shares during the period. Thrivent Financial for Lutherans owned 1.45% of Qorvo worth $122,361,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in QRVO. Lingohr Asset Management GmbH purchased a new position in Qorvo during the third quarter worth about $328,000. Winnow Wealth LLC purchased a new stake in Qorvo during the 3rd quarter worth about $27,000. AlphaQuest LLC increased its stake in shares of Qorvo by 7,233.1% during the third quarter. AlphaQuest LLC now owns 8,653 shares of the semiconductor company’s stock worth $788,000 after buying an additional 8,535 shares during the period. Arizona State Retirement System raised its holdings in shares of Qorvo by 0.8% in the 3rd quarter. Arizona State Retirement System now owns 26,084 shares of the semiconductor company’s stock valued at $2,376,000 after purchasing an additional 210 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in Qorvo by 14.9% in the third quarter. New York State Common Retirement Fund now owns 50,183 shares of the semiconductor company’s stock valued at $4,571,000 after buying an additional 6,500 shares in the last quarter. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Qorvo News Roundup

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)

Qorvo Stock Performance

QRVO stock opened at $78.11 on Friday. Qorvo, Inc. has a 12-month low of $49.46 and a 12-month high of $106.30. The stock’s 50 day simple moving average is $84.49 and its 200 day simple moving average is $87.57. The company has a current ratio of 3.67, a quick ratio of 2.20 and a debt-to-equity ratio of 0.42. The firm has a market cap of $7.24 billion, a P/E ratio of 21.52, a P/E/G ratio of 1.46 and a beta of 1.36.

Qorvo (NASDAQ:QRVO) last announced its quarterly 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. The company had revenue of $993.00 million during the quarter, compared to analyst estimates of $984.10 million. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 EPS. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, equities research analysts predict that Qorvo, Inc. will post 4.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Citigroup cut their price target on Qorvo from $105.00 to $90.00 and set a “neutral” rating on the stock in a research report on Wednesday. Susquehanna cut their target price on Qorvo from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, January 22nd. UBS Group decreased their price objective on shares of Qorvo from $108.00 to $87.00 and set a “neutral” rating on the stock in a report on Tuesday, January 20th. Benchmark restated a “hold” rating on shares of Qorvo in a research report on Wednesday. Finally, Craig Hallum lowered their target price on Qorvo from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday. Two investment 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $93.56.

Qorvo Company 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.