Qorvo (QRVO)

• Market cap: $5.6B
• 1 day: 14.40%
• 5 days: 16.08%
• 1 month: -1.02%
• 3 months: -14.39%
• 6 months: -1.88%
• Year to date: 2.74%
• 1 year: -38.66%
• 5 years: -26.89%
• 10 years: 8.74%
• Sector: Technology
• Industry: Semiconductors

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: 8,700

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

19% more call options, than puts

Call options by funds: $92.7M | Put options by funds: $77.8M

9.68% more ownership

Funds ownership: 87.68% [Q3] → 97.37% (+9.68%) [Q4]

14% less funds holding

Funds holding: 564 [Q3] → 483 (-81) [Q4]

25% less capital invested

Capital invested by funds: $8.59B [Q3] → $6.47B (-$2.13B) [Q4]

35% less repeat investments, than reductions

Existing positions increased: 138 | Existing positions reduced: 211

48% less first-time investments, than exits

New positions opened: 76 | Existing positions closed: 145

100% less funds holding in top 10

Funds holding in top 10: 2 [Q3] → 0 (-2) [Q4]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $70 2% downside
• Avg. target: $83 15% upside
• High target: $95 33% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Barclays Tom O'Malley 36% 1-year accuracy 17 / 47 met price target	2% downside $70	Equal-Weight Maintained	30 Apr 2025
Loop Capital Gary Mobley 21% 1-year accuracy 4 / 19 met price target	5% upside $75	Hold Maintained	30 Apr 2025
Benchmark Cody Acree 15% 1-year accuracy 7 / 48 met price target	33% upside $95	Buy Upgraded	30 Apr 2025
Needham Quinn Bolton 21% 1-year accuracy 31 / 146 met price target	26% upside $90	Buy Maintained	30 Apr 2025