Qorvo, Inc. $QRVO Shares Sold by Contour Asset Management LLC

Posted by Geri Gentry on Jun 18th, 2026

Contour Asset Management LLC reduced its stake in Qorvo, Inc. (NASDAQ:QRVO – Free Report) by 4.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,248,922 shares of the semiconductor company’s stock after selling 104,081 shares during the period. Qorvo accounts for approximately 4.4% of Contour Asset Management LLC’s investment portfolio, making the stock its 12th largest position. Contour Asset Management LLC’s holdings in Qorvo were worth $190,056,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Armistice Capital LLC purchased a new stake in Qorvo in the 4th quarter valued at $298,000. Guggenheim Capital LLC grew its holdings in Qorvo by 27.2% in the 4th quarter. Guggenheim Capital LLC now owns 23,043 shares of the semiconductor company’s stock valued at $1,947,000 after buying an additional 4,930 shares in the last quarter. Caisse de depot et placement du Quebec purchased a new stake in Qorvo in the 4th quarter valued at $5,827,000. AQR Arbitrage LLC purchased a new stake in Qorvo in the 4th quarter valued at $118,204,000. Finally, Defiance ETFs LLC purchased a new stake in Qorvo in the 4th quarter valued at $9,672,000. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Robert A. Bruggeworth sold 57,957 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $100.40, for a total transaction of $5,818,882.80. Following the completion of the transaction, the chief executive officer directly owned 319,880 shares in the company, valued at approximately $32,115,952. This represents a 15.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter A. Feld sold 1,900,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $101.20, for a total value of $192,280,000.00. Following the transaction, the director owned 5,611,526 shares in the company, valued at $567,886,431.20. This trade represents a 25.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,966,127 shares of company stock valued at $198,911,103. 0.41% of the stock is owned by company insiders.

Qorvo Stock Performance

NASDAQ QRVO opened at $94.65 on Thursday. The stock has a market cap of $8.33 billion, a PE ratio of 26.15, a P/E/G ratio of 1.51 and a beta of 1.43. The company has a current ratio of 3.24, a quick ratio of 2.46 and a debt-to-equity ratio of 0.46. Qorvo, Inc. has a twelve month low of $74.92 and a twelve month high of $109.49. The stock has a fifty day simple moving average of $92.61 and a 200-day simple moving average of $86.04.

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

Analysts Set New Price Targets

Several analysts have issued reports on QRVO shares. Zacks Research cut Qorvo from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Weiss Ratings restated a “hold (c)” rating on shares of Qorvo in a report on Monday, April 27th. Wolfe Research cut Qorvo from an “outperform” rating to a “peer perform” rating in a report on Friday, April 17th. Citigroup upped their target price on Qorvo from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, UBS Group upped their target price on Qorvo from $87.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $96.63.

Check Out Our Latest Stock Analysis on QRVO

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.