Allianz Asset Management GmbH Grows Holdings in Qorvo, Inc. $QRVO

Allianz Asset Management GmbH grew its holdings in Qorvo, Inc. (NASDAQ:QRVO) by 32.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 522,118 shares of the semiconductor company’s stock after purchasing an additional 128,162 shares during the period. Allianz Asset Management GmbH’s holdings in Qorvo were worth $44,333,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Banque Transatlantique SA bought a new stake in Qorvo during the 1st quarter valued at $27,000. Larson Financial Group LLC raised its position in Qorvo by 222.6% during the 1st 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Qorvo during the 1st quarter valued at $34,000. MassMutual Private Wealth & Trust FSB raised its position in Qorvo by 166.5% during the 2nd 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 in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Qorvo during the 2nd quarter valued at $43,000. 88.57% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Paul J. Fego sold 13,612 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $95.00, for a total transaction of $1,293,140.00. Following the transaction, the senior vice president directly 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 filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is currently owned by company insiders.

Qorvo Stock Up 0.5%

Shares of QRVO stock opened at $92.13 on Friday. Qorvo, Inc. has a 1-year low of $49.46 and a 1-year high of $105.39. The stock’s fifty day moving average price is $90.52 and its 200 day moving average price is $81.18. 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 company has a market cap of $8.54 billion, a price-to-earnings ratio of 108.39, a price-to-earnings-growth ratio of 1.79 and a beta of 1.42.

Qorvo (NASDAQ:QRVO) last announced its 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 return on equity of 12.63% and a net margin of 2.21%.The firm had revenue of $818.80 million for the quarter, compared to the consensus estimate of $775.61 million. During the same period in the previous year, the business earned $0.87 EPS. The firm’s revenue for the quarter 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, research analysts expect that Qorvo, Inc. will post 4.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on QRVO shares. Citigroup reaffirmed a “sell” rating on shares of Qorvo in a research report on Wednesday, September 10th. Benchmark boosted their price target on Qorvo from $95.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. UBS Group set a $100.00 price target on Qorvo and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Piper Sandler boosted their price target on Qorvo from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Finally, The Goldman Sachs Group initiated coverage on Qorvo in a research report on Thursday, July 10th. They issued a “neutral” rating and a $90.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $95.35.

Qorvo 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.