Vontobel Holding Ltd. Lowers Position in Qorvo, Inc. $QRVO

Vontobel Holding Ltd. cut its holdings in Qorvo, Inc. (NASDAQ:QRVO) by 21.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,940 shares of the semiconductor company’s stock after selling 3,037 shares during the quarter. Vontobel Holding Ltd.’s holdings in Qorvo were worth $929,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Jericho Capital Asset Management L.P. purchased a new stake in Qorvo in the first quarter worth about $168,980,000. Contour Asset Management LLC purchased a new stake in Qorvo in the first quarter worth about $151,698,000. Charles Schwab Investment Management Inc. lifted its position in shares of Qorvo by 7.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 888,814 shares of the semiconductor company’s stock valued at $64,359,000 after buying an additional 57,838 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Qorvo by 82.8% during the second quarter. Assenagon Asset Management S.A. now owns 763,654 shares of the semiconductor company’s stock valued at $64,842,000 after buying an additional 345,929 shares during the last quarter. Finally, LSV Asset Management lifted its position in shares of Qorvo by 114.4% during the first quarter. LSV Asset Management now owns 634,381 shares of the semiconductor company’s stock valued at $45,936,000 after buying an additional 338,521 shares during the last quarter. 88.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on QRVO shares. Loop Capital upped their price objective on shares of Qorvo from $75.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, July 30th. Susquehanna restated a “neutral” rating and set a $95.00 price objective (up previously from $90.00) on shares of Qorvo in a report on Wednesday, July 30th. UBS Group set a $100.00 price objective on shares of Qorvo and gave the company a “neutral” rating in a report on Wednesday, July 30th. The Goldman Sachs Group started coverage on shares of Qorvo in a report on Thursday, July 10th. They set a “neutral” rating and a $90.00 price objective on the stock. Finally, Barclays upped their price objective on shares of Qorvo from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Qorvo has a consensus rating of “Hold” and a consensus target price of $95.35.

Insider Activity at Qorvo

In other news, SVP Paul J. Fego sold 13,612 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $95.00, for a total transaction of $1,293,140.00. Following the sale, the senior vice president owned 54,558 shares of the company’s stock, valued at $5,183,010. This trade represents a 19.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by insiders.

Qorvo Price Performance

Shares of NASDAQ:QRVO opened at $83.24 on Monday. Qorvo, Inc. has a twelve month low of $49.46 and a twelve month high of $107.33. The company’s 50 day moving average is $90.13 and its 200 day moving average is $80.68. The company has a current ratio of 2.81, a quick ratio of 2.01 and a debt-to-equity ratio of 0.45. The company has a market cap of $7.71 billion, a PE ratio of 97.93, a price-to-earnings-growth ratio of 1.62 and a beta of 1.42.

Qorvo (NASDAQ:QRVO) last issued its quarterly earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.30. Qorvo had a net margin of 2.21% and a return on equity of 12.63%. The company had revenue of $818.80 million for the quarter, compared to the consensus estimate of $775.61 million. During the same quarter in the prior year, the company earned $0.87 EPS. Qorvo’s quarterly revenue was down 7.7% on a year-over-year basis. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. On average, sell-side analysts forecast that Qorvo, Inc. will post 4.09 EPS for the current year.

Qorvo Company Profile

Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.