Talos Eurisko Asset Management LP Has $16.80 Million Holdings in Qorvo, Inc. $QRVO

Talos Eurisko Asset Management LP raised its holdings in shares of Qorvo, Inc. (NASDAQ:QRVO) by 41.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,900 shares of the semiconductor company’s stock after purchasing an additional 58,000 shares during the quarter. Qorvo makes up 4.0% of Talos Eurisko Asset Management LP’s holdings, making the stock its 14th biggest position. Talos Eurisko Asset Management LP owned about 0.21% of Qorvo worth $16,804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of QRVO. Jericho Capital Asset Management L.P. bought a new stake in shares of Qorvo in the first quarter valued at about $168,980,000. Contour Asset Management LLC acquired a new stake in Qorvo in the 1st quarter worth about $151,698,000. LSV Asset Management boosted its holdings in Qorvo by 118.0% in the 2nd quarter. LSV Asset Management now owns 1,382,970 shares of the semiconductor company’s stock valued at $117,428,000 after purchasing an additional 748,589 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Qorvo by 2,096.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 498,122 shares of the semiconductor company’s stock worth $36,069,000 after purchasing an additional 475,444 shares in the last quarter. Finally, Shannon River Fund Management LLC bought a new position in shares of Qorvo during the first quarter worth approximately $32,085,000. Institutional investors own 88.57% of the company’s stock.

Insider Activity at Qorvo

In other Qorvo news, SVP Paul J. Fego sold 13,612 shares of the stock in a transaction that occurred 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 approximately $5,183,010. This represents a 19.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is currently owned by insiders.

Qorvo Trading Down 0.6%

QRVO opened at $81.14 on Wednesday. Qorvo, Inc. has a twelve month low of $49.46 and a twelve month high of $106.30. The company has a fifty day moving average of $90.09 and a 200-day moving average of $86.13. The stock has a market cap of $7.50 billion, a PE ratio of 35.13, a price-to-earnings-growth ratio of 1.48 and a beta of 1.44. The company has a quick ratio of 2.20, a current ratio of 2.95 and a debt-to-equity ratio of 0.44.

Qorvo (NASDAQ:QRVO) last released its earnings results on Monday, November 3rd. The semiconductor company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.19. The business had revenue of $1.06 billion for the quarter. Qorvo had a net margin of 5.95% and a return on equity of 13.30%. Qorvo’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.88 EPS. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. On average, sell-side analysts predict that Qorvo, Inc. will post 4.09 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Craig Hallum reiterated a “buy” rating on shares of Qorvo in a research report on Wednesday, July 30th. Stifel Nicolaus set a $88.00 price target on Qorvo and gave the company a “hold” rating in a research note 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. Argus raised Qorvo to a “hold” rating in a research note on Wednesday, November 5th. Finally, Cfra reissued a “hold” rating and set a $122.00 target price on shares of Qorvo in a research note on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $102.00.

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.