Bayforest Capital Ltd Makes New Investment in Qorvo, Inc. $QRVO

Bayforest Capital Ltd bought a new position in Qorvo, Inc. (NASDAQ:QRVO) in the 2nd quarter, Holdings Channel reports. The firm bought 1,813 shares of the semiconductor company’s stock, valued at approximately $154,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Banque Transatlantique SA acquired a new position in Qorvo during the 1st quarter valued at about $27,000. Larson Financial Group LLC increased its holdings in shares of Qorvo by 222.6% in the first quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 296 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Qorvo in the first quarter valued at about $34,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Qorvo by 166.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 485 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 303 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in Qorvo during the second quarter worth about $43,000. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

Qorvo Trading Up 1.9%

QRVO opened at $91.68 on Friday. Qorvo, Inc. has a 12 month low of $49.46 and a 12 month high of $106.25. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 107.86, a PEG ratio of 1.76 and a beta of 1.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.81 and a quick ratio of 2.01. The business has a fifty day moving average price of $90.44 and a 200 day moving average price of $81.04.

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

Insider Buying and Selling at Qorvo

In related news, SVP Paul J. Fego sold 13,612 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $95.00, for a total value of $1,293,140.00. Following the transaction, the senior vice president owned 54,558 shares in the company, valued at $5,183,010. The trade was a 19.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

QRVO has been the topic of a number of recent analyst reports. Craig Hallum reiterated a “buy” rating on shares of Qorvo in a research report on Wednesday, July 30th. The Goldman Sachs Group began coverage on Qorvo in a research report on Thursday, July 10th. They issued a “neutral” rating and a $90.00 target price on the stock. UBS Group set a $100.00 price target on Qorvo and gave the company a “neutral” rating in a report on Wednesday, July 30th. Wall Street Zen raised Qorvo from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Finally, Barclays increased their price target on Qorvo from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $95.35.

About Qorvo

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.