Oregon Public Employees Retirement Fund Reduces Stake in Qorvo

August 8, 2023

Categories: SemiconductorsTags: , , Views: 27

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The Oregon Public Employees Retirement Fund (OPERF) made headlines recently after a surprising decision to reduce its stake in Qorvo ($NASDAQ:QRVO), Inc. Qorvo is a global leader in designing and supplying innovative RF solutions that connect the world. It produces a wide range of semiconductor products for the mobile, infrastructure, defense, aerospace, and internet-of-things markets. The company’s products are used in mobile devices, Wi-Fi, small cells, base stations, and defense radar and communications. OPERF’s decision to reduce its stake in Qorvo reflects the volatility of the technology market, and its potential risk for investors.

This move is being interpreted as a sign that the fund is shifting its focus to more stable investments. Though it is unclear why OPERF took this step, it highlights the need for investors to remain vigilant and adapt to changing market conditions. Despite this news, Qorvo’s stock price has remained relatively stable, suggesting that the decision may not have a significant impact on the company’s long-term prospects.

Price History

On Monday, the Oregon Public Employees Retirement Fund announced that it had reduced its stake in Qorvo Inc., a leading provider of innovative RF solutions for mobile, infrastructure, and defense applications. This news caused the stock to open at $107.1 and close at $106.7, down by 0.2% from its prior closing price of $106.9. The exact amount of the fund’s reduced stake has not yet been disclosed. Live Quote…

About the Company

  • Qorvo“>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Qorvo. More…

    Total Revenues Net Income Net Margin
    3.19k -9.31 -0.3%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Qorvo. More…

    Operations Investing Financing
    615.11 -118.46 -612.6
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Qorvo. More…

    Total Assets Total Liabilities Book Value Per Share
    6.69k 2.87k 38.85
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Qorvo are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    -0.7% -58.4% 1.9%
    FCF Margin ROE ROA
    14.4% 1.0% 0.6%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we have conducted an analysis of QORVO’s fundamentals. Our Risk Rating indicates that QORVO is a medium risk investment in terms of financial and business aspects. While investors should always keep an eye on their investments, QORVO is still a relatively safe bet. However, our analysis has detected one risk warning in the balance sheet. We recommend that investors familiarise themselves with this issue and register on goodwhale.com to find out more. With the right research and due diligence, investors can be assured that QORVO is still a viable option for their portfolio. Qorvo“>More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    In the world of semiconductor companies that provide radio frequency products, Qorvo Inc. has stiff competition. Its main competitors are Skyworks Solutions Inc, Broadcom Inc, and Qualcomm Inc. All of these companies are vying for a share of the market in order to provide their customers with the best products possible.

    – Skyworks Solutions Inc ($NASDAQ:SWKS)

    Skyworks Solutions Inc is a semiconductor company that designs, manufactures, and markets radio frequency and mixed signal semiconductor solutions for mobile, base station, satellite communications, WiFi, cable television, and other wireless communications applications. The company has a market cap of 13.87B as of 2022 and a return on equity of 17.47%.

    – Broadcom Inc ($NASDAQ:AVGO)

    Broadcom Inc is a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions. The company’s products enable the delivery of voice, video, data and multimedia content over fixed and mobile networks to homes, businesses and public places. Broadcom’s product portfolio includes switching, routing, security and storage solutions. The company markets its products to enterprises, service providers and consumers worldwide.

    – Qualcomm Inc ($NASDAQ:QCOM)

    Qualcomm Inc is a leading telecommunications company with a market cap of 131.76B as of 2022. The company has a strong focus on research and development and has a return on equity of 65.09%. Qualcomm’s products and services include chipsets, modems, and other technology solutions for the wireless industry. The company has a strong presence in the global market and is a major player in the development of 5G technology.


    Qorvo Inc. has recently made headlines due to a decision by the Oregon Public Employees Retirement Fund to reduce its stake in the company. Investment analysis of Qorvo shows that it is a diversified component supplier for wireless, defense, and aerospace markets. The company’s stock has been volatile but its fundamentals have remained strong as evidenced by a consistent dividend yield, strong sales and earnings growth, and a healthy balance sheet.

    Analysts have generally been positive towards Qorvo, citing its potential for growth and profitability as reasons to remain invested. Though the overall market sentiment on Qorvo has been positive, some investors have chosen to take a more cautious approach and reduce their exposure to the stock.

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