SEC Form SC 13G filed by Qorvo Inc.

$QRVO
Semiconductors
Technology
Get the next $QRVO alert in real time by email
SC 13G 1 SEC13G_Filing.htm SEC SCHEDULE 13G

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. _ )*

            

Qorvo, Inc.


(Name of Issuer)

Common Stock


(Title of Class of Securities)

74736K101


(CUSIP Number)

December 30, 2022


(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.)


CUSIP No. 74736K101

1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

Capital Research Global Investors
95-1411037
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5. SOLE VOTING POWER 5,606,628
6. SHARED VOTING POWER 0
7. SOLE DISPOSITIVE POWER 5,606,628
8. SHARED DISPOSITIVE POWER 0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

5,606,628 Beneficial ownership disclaimed pursuant to Rule 13d-4
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

5.5%
12. TYPE OF REPORTING PERSON

IA




















Item 1.
(a) Name of Issuer
Qorvo, Inc.
(b) Address of Issuer's Principal Executive Offices
7628 Thorndike Road, Greensboro, NC 27409-9421
Item 2.
(a) Name of Person Filing
Capital Research Global Investors
(b) Address of Principal Business Office or, if None, Residence
333 South Hope Street, 55th Fl, Los Angeles, CA 90071
(c) Citizenship
N/A
(d) Title of Class of Securities
Common Stock
(e) CUSIP Number
74736K101
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
(d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J).
Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a) Amount Beneficially Owned:
5,606,628 **
(b) Percent of Class:
5.5%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 5,606,628
(ii) shared power to vote or to direct the vote 0
(iii) sole power to dispose or to direct the disposition of 5,606,628
(iv) shared power to dispose or to direct the disposition of 0
**Capital Research Global Investors ("CRGI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 5,606,628 shares or 5.5% of the 101,389,473 shares believed to be outstanding.
Item 5. Ownership of Five Percent or Less of Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ ]
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
Not Applicable
Item 8. Identification and Classification of Members of the Group.

Not Applicable. This schedule is not being filed pursuant to Rule 13d-1(b)(1)(ii)(J) or Rule 13d-1(d).
Item 9. Notice of Dissolution of Group.

Not Applicable
Item 10. Certification.

By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Capital Research Global Investors
By: /s/ Donald H. Rolfe
Date: February 14, 2023
Name: Donald H. Rolfe
Title: Senior Vice President and Senior Counsel, Fund Business Management Group, Capital Research and Management Company

Get the next $QRVO alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$QRVO

DatePrice TargetRatingAnalyst
1/27/2025$85.00 → $110.00Neutral → Overweight
Piper Sandler
1/21/2025$90.00 → $106.00Equal-Weight → Overweight
Morgan Stanley
11/12/2024$73.00Hold
Loop Capital
10/30/2024Buy → Hold
The Benchmark Company
10/30/2024$125.00 → $85.00Hold
TD Cowen
10/30/2024Outperform → Mkt Perform
Raymond James
10/30/2024$80.00Outperform → Neutral
Exane BNP Paribas
10/28/2024$135.00Buy
Needham
More analyst ratings

$QRVO
Press Releases

Fastest customizable press release news feed in the world

See more
  • Qorvo® Announces Fiscal 2025 Third Quarter Financial Results

    GREENSBORO, N.C., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2025 third quarter ended December 28, 2024. On a GAAP basis, revenue for Qorvo's fiscal 2025 third quarter was $916.3 million, gross margin was 42.7%, operating income was $53.0 million, and diluted earnings per share was $0.43. On a non-GAAP basis, gross margin was 46.5%, operating income was $177.9 million, and diluted earnings per share was $1.61. Bob Bruggeworth, president and chief executive officer of Qorvo, said, "Qorvo is executing on a broad set of strategic initiatives to expand margin

    $QRVO
    Semiconductors
    Technology
  • Qorvo® to Webcast Quarterly Earnings Conference Call on January 28, 2025

    GREENSBORO, N.C., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2025 third quarter financial results on Tuesday, January 28, 2025, at 4:30 p.m. (ET). The conference call will be webcast live on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 1-412-317-0088 and using the passcode 8143934. The playback will be available through the close of business on February 4,

    $QRVO
    Semiconductors
    Technology
  • Qorvo® Automotive-Qualified UWB SoC Drives Innovation with Configurable Software

    GREENSBORO, N.C., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced that its QPF5100Q Ultra-Wideband (UWB) System-on-Chip (SoC) is automotive-qualified and sampling with key customers. This breakthrough SoC addresses automotive industry demands for highly accurate, reliable UWB technology in applications such as secure keyless entry and Digital Key, as well as UWB radar applications like child presence detection and motion sensing. Qorvo's newest UWB SoC delivers advanced UWB functionality and configurable software that enables automotive designers to tailor unique features that enhance performance and di

    $QRVO
    Semiconductors
    Technology

$QRVO
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$QRVO
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$QRVO
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$QRVO
SEC Filings

See more

$QRVO
Leadership Updates

Live Leadership Updates

See more
  • Apollo Global Management and Workday Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

    NEW YORK, Dec. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from t

    $AMTM
    $APO
    $CMA
    $CRI
    Investment Managers
    Finance
    Major Banks
    Apparel
  • Qorvo® Appoints Alan S. Lowe to its Board of Directors

    GREENSBORO, N.C., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, announced the election of Mr. Alan S. Lowe to its Board of Directors, effective November 11, 2024. Mr. Lowe also joined the Board's Audit Committee. Since 2015, Mr. Lowe has served as president and chief executive officer of Lumentum Holdings Inc., a designer and manufacturer of optical and photonic products enabling optical networking and laser applications worldwide. Prior to Lumentum's separation from Viavi Solutions Inc. in 2015, Mr. Lowe was employed by Viavi. Mr. Lowe joined Viavi in September 2007 as senior vice president of the Lasers business

    $QRVO
    Semiconductors
    Technology
  • Qorvo® To Webcast Investor Day Presentation on Tuesday, June 11, 2024

    GREENSBORO, N.C., June 05, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, is hosting an Investor Day on Tuesday, June 11, 2024, in New York City beginning at 8:30 a.m. ET. The event will be webcast live on the Company's website at the following URL: https://ir.qorvo.com under "Events & Presentations." To access the live webcast, please go to the Company's IR website at least 15 minutes early to register and download any necessary audio software. For those unable to join the live webcast, a replay will be available on the Company's IR website following the event. Institutional investors and analysts interested in attending Qor

    $QRVO
    Semiconductors
    Technology

$QRVO
Financials

Live finance-specific insights

See more
  • Qorvo® Announces Fiscal 2025 Third Quarter Financial Results

    GREENSBORO, N.C., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2025 third quarter ended December 28, 2024. On a GAAP basis, revenue for Qorvo's fiscal 2025 third quarter was $916.3 million, gross margin was 42.7%, operating income was $53.0 million, and diluted earnings per share was $0.43. On a non-GAAP basis, gross margin was 46.5%, operating income was $177.9 million, and diluted earnings per share was $1.61. Bob Bruggeworth, president and chief executive officer of Qorvo, said, "Qorvo is executing on a broad set of strategic initiatives to expand margin

    $QRVO
    Semiconductors
    Technology
  • Qorvo® to Webcast Quarterly Earnings Conference Call on January 28, 2025

    GREENSBORO, N.C., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2025 third quarter financial results on Tuesday, January 28, 2025, at 4:30 p.m. (ET). The conference call will be webcast live on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 1-412-317-0088 and using the passcode 8143934. The playback will be available through the close of business on February 4,

    $QRVO
    Semiconductors
    Technology
  • Qorvo® Announces Fiscal 2025 Second Quarter Financial Results

    GREENSBORO, N.C., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2025 second quarter ended September 28, 2024. On a GAAP basis, revenue for Qorvo's fiscal 2025 second quarter was $1.047 billion, gross margin was 42.6%, operating income was $9.7 million, and loss per share was $0.18. On a non-GAAP basis, gross margin was 47.0%, operating income was $212.2 million, and diluted earnings per share was $1.88. Bob Bruggeworth, president and chief executive officer of Qorvo, said, "In the September quarter, ACG successfully supported our largest customer's seasonal

    $QRVO
    Semiconductors
    Technology

$QRVO
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more