Qorvo, Inc. $QRVO Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC trimmed its position in shares of Qorvo, Inc. (NASDAQ:QRVO) by 9.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,766 shares of the semiconductor company’s stock after selling 490 shares during the period. 180 Wealth Advisors LLC’s holdings in Qorvo were worth $405,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in QRVO. GAMMA Investing LLC grew its holdings in Qorvo by 99.1% during the 1st quarter. GAMMA Investing LLC now owns 3,665 shares of the semiconductor company’s stock valued at $265,000 after purchasing an additional 1,824 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Qorvo by 10.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,561 shares of the semiconductor company’s stock valued at $547,000 after purchasing an additional 717 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in Qorvo by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,988 shares of the semiconductor company’s stock valued at $144,000 after purchasing an additional 994 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in Qorvo by 463.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 139,638 shares of the semiconductor company’s stock valued at $10,111,000 after purchasing an additional 114,857 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Qorvo by 7.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 134,169 shares of the semiconductor company’s stock valued at $9,593,000 after purchasing an additional 9,375 shares in the last quarter. 88.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

QRVO has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Qorvo in a report on Saturday. Craig Hallum reiterated a “buy” rating on shares of Qorvo in a research note on Wednesday, July 30th. The Goldman Sachs Group assumed coverage on shares of Qorvo in a research note on Thursday, July 10th. They set a “neutral” rating and a $90.00 price objective on the stock. Mizuho downgraded shares of Qorvo from a “neutral” rating to an “underperform” rating and set a $75.00 price objective on the stock. in a research note on Monday, October 20th. Finally, Barclays increased their price objective on shares of Qorvo from $70.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $94.82.

Insiders Place Their Bets

In related news, SVP Paul J. Fego sold 13,612 shares of Qorvo 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 $5,183,010. This trade represents a 19.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Qorvo Trading Down 1.5%

Qorvo stock opened at $90.71 on Friday. The firm’s 50-day moving average is $90.78 and its 200-day moving average is $82.52. 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, Inc. has a 1 year low of $49.46 and a 1 year high of $101.11. The company has a market cap of $8.40 billion, a P/E ratio of 106.72, a PEG ratio of 1.77 and a beta of 1.42.

Qorvo (NASDAQ:QRVO) last posted 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. 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 period last year, the firm posted $0.87 EPS. The company’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, equities analysts expect that Qorvo, Inc. will post 4.09 earnings per share for the current year.

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.