Qorvo, Inc. $QRVO Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB reduced its position in shares of Qorvo, Inc. (NASDAQ:QRVO) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 146,730 shares of the semiconductor company’s stock after selling 3,903 shares during the period. Nordea Investment Management AB’s holdings in Qorvo were worth $12,268,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in QRVO. Banque Transatlantique SA acquired a new stake in shares of Qorvo during the 1st quarter valued at approximately $27,000. Larson Financial Group LLC grew its stake in Qorvo by 222.6% during the 1st quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company’s stock worth $31,000 after buying an additional 296 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Qorvo during the 1st quarter worth $34,000. MassMutual Private Wealth & Trust FSB grew its stake in Qorvo by 166.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 485 shares of the semiconductor company’s stock worth $41,000 after buying an additional 303 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in Qorvo during the 2nd quarter worth $43,000. 88.57% of the stock is owned by institutional investors and hedge funds.

Qorvo Trading Up 0.5%

NASDAQ:QRVO opened at $92.13 on Monday. Qorvo, Inc. has a 1 year low of $49.46 and a 1 year high of $105.39. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of 108.39, a PEG ratio of 1.80 and a beta of 1.42. The business has a fifty day moving average of $90.52 and a 200-day moving average of $81.38. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.01 and a current ratio of 2.81.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share (EPS) 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 company had revenue of $818.80 million during the quarter, compared to analysts’ expectations of $775.61 million. During the same quarter in the prior year, the business posted $0.87 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. Equities analysts predict that Qorvo, Inc. will post 4.09 earnings per share for the current year.

Insider Buying and Selling

In other Qorvo news, SVP Paul J. Fego sold 13,612 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $95.00, for a total value of $1,293,140.00. Following the sale, the senior vice president directly owned 54,558 shares in the company, valued at approximately $5,183,010. The trade was a 19.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Susquehanna restated a “neutral” rating and set a $95.00 price objective (up from $90.00) on shares of Qorvo in a research note on Wednesday, July 30th. Weiss Ratings restated a “sell (d+)” rating on shares of Qorvo in a research note on Wednesday, October 8th. Wall Street Zen upgraded Qorvo from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Stifel Nicolaus set a $88.00 price objective on Qorvo and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group assumed coverage on Qorvo in a research note on Thursday, July 10th. They set a “neutral” rating and a $90.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Qorvo presently has an average rating of “Hold” and a consensus price target of $95.35.

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.