Qorvo, Inc. $QRVO Shares Sold by Panagora Asset Management Inc.

by · The Cerbat Gem

Panagora Asset Management Inc. cut its position in Qorvo, Inc. (NASDAQ:QRVO – Free Report) by 8.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 178,961 shares of the semiconductor company’s stock after selling 16,866 shares during the period. Panagora Asset Management Inc.’s holdings in Qorvo were worth $15,196,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Voya Investment Management LLC lifted its stake in Qorvo by 19.0% during the 1st quarter. Voya Investment Management LLC now owns 18,725 shares of the semiconductor company’s stock valued at $1,356,000 after acquiring an additional 2,990 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in shares of Qorvo during the second quarter worth $2,758,000. F&V Capital Management LLC lifted its position in Qorvo by 69.0% during the second quarter. F&V Capital Management LLC now owns 157,062 shares of the semiconductor company’s stock valued at $13,336,000 after purchasing an additional 64,114 shares during the period. Entropy Technologies LP purchased a new stake in Qorvo in the second quarter valued at $1,165,000. Finally, LSV Asset Management grew its position in Qorvo by 118.0% during the 2nd quarter. LSV Asset Management now owns 1,382,970 shares of the semiconductor company’s stock worth $117,428,000 after purchasing an additional 748,589 shares during the period. Institutional investors and hedge funds own 88.57% of the company’s stock.

Insider Activity

In related news, SVP Paul J. Fego sold 13,612 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $95.00, for a total transaction of $1,293,140.00. Following the completion of the transaction, the senior vice president owned 54,558 shares in the company, valued at $5,183,010. This represents a 19.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

QRVO has been the subject of several analyst reports. JPMorgan Chase & Co. raised Qorvo from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $92.00 to $105.00 in a report on Tuesday, November 4th. Mizuho raised Qorvo from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $75.00 to $93.00 in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Qorvo in a research note on Monday. Citigroup raised shares of Qorvo from a “sell” rating to a “neutral” rating and lifted their target price for the company from $70.00 to $105.00 in a report on Tuesday, October 28th. Finally, UBS Group increased their price target on shares of Qorvo from $100.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $102.00.

Read Our Latest Report on QRVO

Qorvo Stock Up 2.9%

Qorvo stock opened at $88.25 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.95 and a quick ratio of 2.20. The stock has a market capitalization of $8.15 billion, a PE ratio of 38.20, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37. The business has a 50 day simple moving average of $88.98 and a 200-day simple moving average of $86.75. Qorvo, Inc. has a 12 month low of $49.46 and a 12 month high of $106.30.

Qorvo (NASDAQ:QRVO – Get Free Report) last released its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.19. The firm 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 revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.88 EPS. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. On average, analysts anticipate that Qorvo, Inc. will post 4.09 EPS for the current fiscal year.

Qorvo Profile

(Free Report)

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.

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