Qorvo (QRVO)

• Market cap: $6.7B
• 1 day: 2.98%
• 5 days: 1.97%
• 1 month: 7.90%
• 3 months: -30.72%
• 6 months: -37.25%
• Year to date: -34.95%
• 1 year: -34.73%
• 5 years: -39.27%
• 10 years: 0.64%
• Sector: Information Technology
• Industry: Semiconductors & Related Devices

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 Q3 regulatory filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]

57% more call options, than puts

Call options by funds: $93.7M | Put options by funds: $59.7M

6% more first-time investments, than exits

New positions opened: 85 | Existing positions closed: 80

1% more funds holding

Funds holding: 557 [Q2] → 562 (+5) [Q3]

1% more repeat investments, than reductions

Existing positions increased: 197 | Existing positions reduced: 196

5.11% less ownership

Funds ownership: 91.5% [Q2] → 86.39% (-5.11%) [Q3]

15% less capital invested

Capital invested by funds: $10.2B [Q2] → $8.62B (-$1.53B) [Q3]

Research analyst outlook

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

• Low target: $73 3% upside
• Avg. target: $91 29% upside
• High target: $120 69% upside

12 analyst ratings

• positive: 2 17%
• neutral: 8 67%
• negative: 2 17%

Loop Capital Gary Mobley 71% 1-year accuracy 15 / 21 met price target	3% upside $73	Hold Initiated	11 Nov 2024
TD Cowen Matthew Ramsay 56% 1-year accuracy 9 / 16 met price target	20% upside $85	Hold Maintained	30 Oct 2024
Barclays Tom O'Malley 48% 1-year accuracy 21 / 44 met price target	27% upside $90	Equal-Weight Maintained	30 Oct 2024
JP Morgan Peter Peng 60% 1-year accuracy 6 / 10 met price target	34% upside $95	Underweight Maintained	30 Oct 2024
Piper Sandler Harsh Kumar 54% 1-year accuracy 20 / 37 met price target	20% upside $85	Neutral Reiterated	30 Oct 2024