Sun Sep 15 10:21:02 UTC 2024: ## Qorvo Sees Increased Institutional Interest Despite Mixed Analyst Opinions

**[City, State] -** Qorvo, Inc. (NASDAQ: QRVO), a leading provider of wireless technologies, has attracted the attention of several institutional investors in recent quarters. Notably, Quest Partners LLC acquired a new stake in the semiconductor company during the second quarter, investing approximately $223,000 in 1,918 shares.

Other notable institutional activity includes:

* Thurston Springer Miller Herd & Titak Inc. purchasing a new stake valued at approximately $29,000.
* Park Place Capital Corp increasing its stake by 398.1% in the first quarter, now owning 259 shares valued at $30,000.
* EverSource Wealth Advisors LLC growing its stake by 81.0% in the first quarter, now owning 257 shares valued at $30,000.
* Versant Capital Management Inc significantly increasing its stake by 9,333.3% in the second quarter, now owning 283 shares valued at $33,000.
* New Millennium Group LLC purchasing a new stake valued at approximately $34,000 in the second quarter.

Overall, hedge funds and other institutional investors own a significant 88.57% of Qorvo’s stock.

Despite this institutional interest, analyst opinions on Qorvo remain mixed. While some firms, such as Raymond James, have raised their price targets and issued “outperform” ratings, others like JPMorgan Chase & Co. have given the company an “underweight” rating. The average rating from analysts currently sits at “Hold,” with an average price target of $121.00.

Qorvo shares opened at $107.65 on Friday, with a market cap of $10.21 billion. The company’s financial performance indicates a strong position with a quick ratio of 1.36, a current ratio of 1.95, and a debt-to-equity ratio of 0.44.

However, its price-to-earnings ratio of -147.47 suggests potential concerns regarding profitability.

**This report is based on publicly available information and should not be considered investment advice.**

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