QorvoQRVO
Market Cap: $9.9B
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 Q2 SEC filings by fund managers ($100M+ AUM)
96% more call options, than puts
Call options by funds: $163M | Put options by funds: $82.9M
1% more capital invested
Capital invested by funds: $9.89B [Q1] → $10B (+$108M) [Q2]
0.84% more ownership
Funds ownership: 89.31% [Q1] → 90.15% (+0.84%) [Q2]
4% less funds holding
Funds holding: 578 [Q1] → 554 (-24) [Q2]
19% less repeat investments, than reductions
Existing positions increased: 178 | Existing positions reduced: 220
27% less first-time investments, than exits
New positions opened: 65 | Existing positions closed: 89
50% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
TD Cowen Matthew Ramsay 38% 1-year accuracy 6 / 16 met price target | 20%upside $125 | Hold Maintained | 31 Jul 2024 |
JP Morgan Peter Peng 13% 1-year accuracy 1 / 8 met price target | 10%upside $115 | Underweight Maintained | 31 Jul 2024 |
Raymond James Srini Pajjuri 51% 1-year accuracy 20 / 39 met price target | 29%upside $135 | Outperform Maintained | 31 Jul 2024 |
Craig-Hallum Anthony Stoss 47% 1-year accuracy 7 / 15 met price target | 36%upside $142 | Buy Maintained | 31 Jul 2024 |
Goldman Sachs Toshiya Hari 55% 1-year accuracy 32 / 58 met price target | 13%upside $118 | Neutral Maintained | 31 Jul 2024 |