QorvoQRVO
About: Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.
Employees: 8,500
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
95% more call options, than puts
Call options by funds: $165M | Put options by funds: $84.5M
1% more capital invested
Capital invested by funds: $9.89B [Q1] → $10B (+$112M) [Q2]
0.87% more ownership
Funds ownership: 89.29% [Q1] → 90.16% (+0.87%) [Q2]
3% less funds holding
Funds holding: 577 [Q1] → 557 (-20) [Q2]
19% less repeat investments, than reductions
Existing positions increased: 179 | Existing positions reduced: 220
23% less first-time investments, than exits
New positions opened: 67 | Existing positions closed: 87
50% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
TD Cowen Matthew Ramsay 80% 1-year accuracy 8 / 10 met price target | 22%upside $125 | Hold Maintained | 31 Jul 2024 |
JP Morgan Peter Peng 33% 1-year accuracy 1 / 3 met price target | 13%upside $115 | Underweight Maintained | 31 Jul 2024 |
Raymond James Srini Pajjuri 60% 1-year accuracy 25 / 42 met price target | 32%upside $135 | Outperform Maintained | 31 Jul 2024 |
Craig-Hallum Anthony Stoss 60% 1-year accuracy 3 / 5 met price target | 39%upside $142 | Buy Maintained | 31 Jul 2024 |
Goldman Sachs Toshiya Hari 66% 1-year accuracy 35 / 53 met price target | 16%upside $118 | Neutral Maintained | 31 Jul 2024 |
Financial journalist opinion
Based on 6 articles about QRVO published over the past 30 days