Pacer Advisors Inc. Grows Position in Qorvo, Inc. $QRVO

Posted by Geri Gentry on Aug 4th, 2026

Pacer Advisors Inc. raised its stake in shares of Qorvo, Inc. (NASDAQ:QRVO – Free Report) by 286.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 314,053 shares of the semiconductor company’s stock after acquiring an additional 232,851 shares during the period. Pacer Advisors Inc.’s holdings in Qorvo were worth $24,308,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. E20 Capital Ltd purchased a new stake in shares of Qorvo in the first quarter valued at about $21,127,000. Bank of America Corp DE lifted its position in shares of Qorvo by 801.4% during the first quarter. Bank of America Corp DE now owns 1,767,373 shares of the semiconductor company’s stock valued at $136,795,000 after purchasing an additional 1,571,303 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Qorvo by 19.1% during the first quarter. Janus Henderson Group PLC now owns 548,859 shares of the semiconductor company’s stock worth $42,473,000 after purchasing an additional 88,070 shares during the last quarter. Amundi boosted its holdings in Qorvo by 197.2% during the first quarter. Amundi now owns 772,352 shares of the semiconductor company’s stock worth $59,780,000 after purchasing an additional 512,475 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Qorvo by 21.6% in the 1st quarter. California State Teachers Retirement System now owns 101,540 shares of the semiconductor company’s stock worth $7,859,000 after purchasing an additional 18,029 shares in the last quarter. 88.57% of the stock is owned by hedge funds and other institutional investors.

Qorvo Stock Performance

NASDAQ QRVO opened at $89.49 on Tuesday. Qorvo, Inc. has a 52-week low of $74.92 and a 52-week high of $109.49. The company has a 50-day simple moving average of $93.54 and a 200 day simple moving average of $86.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.68 and a current ratio of 3.54. The company has a market capitalization of $7.89 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.41 and a beta of 1.44.

Qorvo (NASDAQ:QRVO – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.11 by $0.53. The business had revenue of $784.79 million for the quarter, compared to analyst estimates of $743.28 million. Qorvo had a net margin of 10.95% and a return on equity of 17.23%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. On average, research analysts predict that Qorvo, Inc. will post 5.87 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Zacks Research lowered shares of Qorvo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. upped their target price on Qorvo from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Wolfe Research downgraded Qorvo from an “outperform” rating to a “peer perform” rating in a research report on Friday, April 17th. Craig Hallum reaffirmed a “buy” rating and set a $120.00 price target on shares of Qorvo in a research report on Wednesday, May 6th. Finally, TD Cowen reiterated a “hold” rating on shares of Qorvo in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $94.00.

Read Our Latest Analysis on Qorvo

Insider Activity at Qorvo

In related news, SVP Paul J. Fego sold 2,500 shares of Qorvo stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $100.00, for a total value of $250,000.00. Following the sale, the senior vice president owned 71,038 shares of the company’s stock, valued at approximately $7,103,800. The trade was a 3.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert A. Bruggeworth sold 57,957 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $100.40, for a total value of $5,818,882.80. Following the completion of the transaction, the chief executive officer owned 319,880 shares in the company, valued at approximately $32,115,952. The trade was a 15.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,966,127 shares of company stock worth $198,911,103. 0.49% of the stock is currently owned by company insiders.

Qorvo 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.