22,970 Shares in Qorvo, Inc. $QRVO Bought by Seizert Capital Partners LLC

Seizert Capital Partners LLC purchased a new stake in Qorvo, Inc. (NASDAQ:QRVO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,970 shares of the semiconductor company’s stock, valued at approximately $2,092,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QRVO. Wealth Enhancement Advisory Services LLC boosted its stake in Qorvo by 1.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,679 shares of the semiconductor company’s stock valued at $682,000 after buying an additional 118 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Qorvo by 4.5% in the 3rd quarter. Versant Capital Management Inc now owns 4,139 shares of the semiconductor company’s stock valued at $377,000 after purchasing an additional 177 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Qorvo by 6.9% in the 2nd quarter. HB Wealth Management LLC now owns 2,955 shares of the semiconductor company’s stock worth $251,000 after purchasing an additional 190 shares during the last quarter. KLP Kapitalforvaltning AS increased its position in shares of Qorvo by 1.1% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 18,400 shares of the semiconductor company’s stock worth $1,676,000 after purchasing an additional 200 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in Qorvo by 0.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 30,974 shares of the semiconductor company’s stock valued at $2,630,000 after purchasing an additional 203 shares during the last quarter. Institutional investors own 88.57% of the company’s stock.

Qorvo Stock Performance

QRVO stock opened at $79.24 on Tuesday. 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, Inc. has a twelve month low of $49.46 and a twelve month high of $106.30. The business’s fifty day moving average is $85.06 and its 200-day moving average is $88.04. The company has a market cap of $7.32 billion, a P/E ratio of 34.47, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on QRVO. Cfra Research raised shares of Qorvo to a “hold” rating in a research note on Tuesday, October 28th. Piper Sandler cut Qorvo from an “overweight” rating to a “hold” rating and set a $110.00 price target for the company. in a report on Wednesday, October 29th. JPMorgan Chase & Co. raised Qorvo from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $92.00 to $105.00 in a research note on Tuesday, November 4th. Cfra reaffirmed a “hold” rating and issued a $122.00 price target on shares of Qorvo in a report on Tuesday, October 28th. Finally, Mizuho set a $85.00 target price on shares of Qorvo in a research note on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $101.47.

About Qorvo

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.