Dimensional Fund Advisors LP Boosts Stock Holdings in Qorvo, Inc. $QRVO

Dimensional Fund Advisors LP lifted its position in shares of Qorvo, Inc. (NASDAQ:QRVO) by 16.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,727,103 shares of the semiconductor company’s stock after buying an additional 243,147 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Qorvo were worth $157,298,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Lecap Asset Management Ltd. bought a new stake in shares of Qorvo in the 3rd quarter worth $2,689,000. Optimize Financial Inc bought a new position in shares of Qorvo during the third quarter valued at $1,349,000. Norges Bank bought a new position in shares of Qorvo during the second quarter valued at $153,994,000. Seizert Capital Partners LLC purchased a new stake in shares of Qorvo during the third quarter valued at $2,092,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Qorvo during the second quarter valued at $2,758,000. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

Qorvo Price Performance

Shares of NASDAQ:QRVO opened at $78.04 on Tuesday. The company has a quick ratio of 2.89, a current ratio of 3.67 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $7.24 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 1.35 and a beta of 1.35. The firm’s 50 day moving average price is $82.04 and its 200-day moving average price is $86.61. Qorvo, Inc. has a twelve month low of $49.46 and a twelve month high of $106.30.

Qorvo (NASDAQ:QRVO) last issued its quarterly earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.24. Qorvo had a net margin of 9.11% and a return on equity of 14.57%. The business had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $984.10 million. During the same quarter last year, the company posted $1.61 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities research analysts expect that Qorvo, Inc. will post 4.09 EPS for the current year.

Wall Street Analysts Forecast Growth

QRVO has been the subject of a number of recent analyst reports. Susquehanna decreased their target price on Qorvo from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. KeyCorp reaffirmed a “sector weight” rating on shares of Qorvo in a report on Wednesday, January 28th. Barclays boosted their price objective on shares of Qorvo from $90.00 to $95.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Benchmark restated a “hold” rating on shares of Qorvo in a research report on Wednesday, January 28th. Finally, Craig Hallum dropped their target price on shares of Qorvo from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Two analysts have rated the stock with a Buy rating and eighteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $93.88.

Qorvo Company Profile

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.