BlackRock Updates Passive Stake in Qorvo (QRVO) via 13G/A Filing
Ticker: QRVO · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1604778
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, semiconductors
TL;DR
**BlackRock just updated its Qorvo stake, watch for any big changes in their next filing.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Qorvo, Inc. common stock as of December 31, 2023. This filing, Amendment No. 8, updates BlackRock's passive investment stake in Qorvo, a semiconductor company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in Qorvo's future performance, potentially influencing other investors' decisions.
Why It Matters
Large institutional ownership by firms like BlackRock can provide stability to a stock, but significant changes in their holdings can also impact market sentiment and share price.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in company operations.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder, but this filing alone doesn't warrant immediate action. It's a routine disclosure of a passive investment.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- Qorvo, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 8 (number) — the specific amendment number of this filing
Forward-Looking Statements
- BlackRock will continue to hold a significant, passive stake in Qorvo, Inc. (BlackRock Inc.) — high confidence, target: Next 13G/A filing (early 2025)
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated in item (1) of the cover page.
What is the name of the issuer whose securities are being reported?
The name of the issuer is Qorvo, Inc., as stated on the Schedule 13G form.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023, as specified on the Schedule 13G form.
What is the CUSIP Number for the securities reported?
The CUSIP Number for the Common Stock of Qorvo, Inc. is 74736K101, as listed on the Schedule 13G form.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding Qorvo, Inc. (QRVO).