Northwestern Mutual Wealth Management Co. Purchases 100,053 Shares of Qorvo, Inc. $QRVO

Posted by Francis Steltz on May 23rd, 2026

Northwestern Mutual Wealth Management Co. grew its holdings in Qorvo, Inc. (NASDAQ:QRVO – Free Report) by 6,670.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 101,553 shares of the semiconductor company’s stock after purchasing an additional 100,053 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Qorvo were worth $8,582,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of QRVO. Winnow Wealth LLC bought a new position in shares of Qorvo in the 3rd quarter valued at $27,000. Stance Capital LLC bought a new position in shares of Qorvo in the 3rd quarter valued at $27,000. Sound Income Strategies LLC increased its stake in shares of Qorvo by 952.8% in the 4th quarter. Sound Income Strategies LLC now owns 379 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 343 shares during the last quarter. Advisory Services Network LLC acquired a new position in Qorvo during the third quarter worth about $36,000. Finally, Clearstead Advisors LLC raised its stake in Qorvo by 93.3% during the third quarter. Clearstead Advisors LLC now owns 431 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 208 shares in the last quarter. Institutional investors own 88.57% of the company’s stock.

Insider Activity

In other news, VP Gina Harrison sold 956 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $95.00, for a total value of $90,820.00. Following the completion of the transaction, the vice president owned 29,143 shares of the company’s stock, valued at $2,768,585. This represents a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by corporate insiders.

Qorvo Stock Performance

Qorvo stock opened at $106.43 on Friday. The business has a 50 day moving average of $84.43 and a 200-day moving average of $84.04. Qorvo, Inc. has a 1 year low of $73.00 and a 1 year high of $106.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.24 and a quick ratio of 2.46. The company has a market capitalization of $9.37 billion, a P/E ratio of 29.40, a P/E/G ratio of 1.53 and a beta of 1.42.

Qorvo (NASDAQ:QRVO – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.48. Qorvo had a return on equity of 15.32% and a net margin of 9.22%.The company had revenue of $808.28 million during the quarter, compared to the consensus estimate of $801.31 million. During the same quarter in the prior year, the firm posted $1.42 earnings per share. The firm’s revenue was down 7.0% compared to the same quarter last year. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. On average, equities research analysts predict that Qorvo, Inc. will post 5.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. TD Cowen lowered their target price on Qorvo from $95.00 to $80.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Stifel Nicolaus lowered their target price on Qorvo from $88.00 to $85.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. UBS Group boosted their target price on Qorvo from $87.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. KeyCorp reissued a “sector weight” rating on shares of Qorvo in a research note on Wednesday, January 28th. Finally, Zacks Research downgraded Qorvo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.63.

Get Our Latest Report on QRVO

Qorvo Company Profile

(Free Report)

Qorvo, Inc is a leading provider of advanced radio-frequency (RF), analog and mixed-signal semiconductor solutions. The company designs, develops and manufactures a broad portfolio of components and modules that enable wireless and wired connectivity across mobile devices, network infrastructure, defense systems and Internet of Things (IoT) applications.

Qorvo’s product offerings include RF filters, power amplifiers, switches, integrated front-end modules and other custom mixed-signal devices.