SCHEDULE 13G: Pacer Funds and Advisors Disclose Over 5% Passive Stake in Qorvo, Inc.

Pacer Advisors, Inc. and its affiliated ETFs have disclosed a combined passive beneficial ownership of 5.45% in Qorvo, Inc.'s common stock as of December 31, 2024.

Summary

• Pacer Advisors, Inc., along with several of its affiliated Pacer Funds Trust series ETFs, including Pacer US Cash Cows 100 ETF and Pacer US Small Cap Cash Cows ETF, have filed a Schedule 13G.
• The filing indicates a collective beneficial ownership of 5,103,498 shares of Qorvo, Inc. common stock.
• This aggregate ownership represents 5.45% of Qorvo, Inc.'s outstanding common stock, based on 93,559,000 shares outstanding as of December 31, 2024.
• Pacer US Cash Cows 100 ETF holds 2,648,546 shares, representing 2.83% of the class.
• Pacer US Small Cap Cash Cows ETF holds 2,451,578 shares, representing 2.62% of the class.
• Pacer Data and Digital Revolution ETF holds 2,220 shares, representing 0% of the class.
• Pacer US Small Cap Cash Cows Growth Leaders ETF holds 1,152 shares, representing 0% of the class.
• Pacer MSCI World Industry Advantage ETF holds 2 shares, representing 0% of the class.
• Pacer Advisors, Inc. serves as the investment adviser to the Funds and maintains discretionary investment and voting authority over the 5,103,498 shares.
• Joe M. Thomson, as the majority stockholder of Pacer Advisors, Inc., is deemed to be a beneficial owner of the same 5,103,498 shares.
• All reporting persons disclaim beneficial ownership of the shares held by the Funds, except to the extent of their pecuniary interest.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Qorvo, Inc.

Sentiment

Score: 5

Explanation: The document is a routine beneficial ownership disclosure (Schedule 13G) indicating a passive investment. It contains no positive or negative operational or financial news about the issuer, Qorvo, Inc. The sentiment is neutral as it simply reports a factual ownership stake.

Positives

• The disclosure of a significant passive stake by institutional investors like Pacer Funds may indicate a vote of confidence in Qorvo, Inc.'s long-term prospects.
• The investment is held in the ordinary course of business, suggesting a stable, non-activist investment approach.

Negatives

• The document itself does not contain any negative information regarding Qorvo, Inc.

Risks

• The document does not detail specific risks related to Qorvo, Inc.'s operations or financial performance, as it is a beneficial ownership filing.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding Qorvo, Inc.'s future performance or outlook. It is solely a disclosure of beneficial ownership.

Industry Context

This filing is a routine disclosure of passive institutional ownership in a publicly traded company within the semiconductor industry. It does not provide specific insights into broader industry trends or competitive dynamics, but rather reflects an investment decision by a fund manager.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, potentially signaling confidence from large investors.
• Management: Awareness of a significant passive institutional holder, though no direct impact on operational decisions is implied by a 13G filing.

Key Dates

Keywords

Qorvo Inc., QRVO, Schedule 13G, Beneficial Ownership, Pacer Advisors, Pacer ETFs, Institutional Investment, Passive Investment, Common Stock, Semiconductor Industry