Qorvo, Inc. (NASDAQ:QRVO) Shares Sold by Signaturefd LLC

Signaturefd LLC lowered its holdings in Qorvo, Inc. (NASDAQ:QRVO) by 32.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,303 shares of the semiconductor company’s stock after selling 623 shares during the quarter. Signaturefd LLC’s holdings in Qorvo were worth $147,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Highland Capital Management LLC grew its stake in shares of Qorvo by 48.9% in the 4th quarter. Highland Capital Management LLC now owns 42,790 shares of the semiconductor company’s stock worth $4,819,000 after purchasing an additional 14,060 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Qorvo by 298.9% in the 4th quarter. SG Americas Securities LLC now owns 17,803 shares of the semiconductor company’s stock worth $2,005,000 after purchasing an additional 13,340 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Qorvo by 4.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 8,464 shares of the semiconductor company’s stock worth $808,000 after purchasing an additional 394 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in shares of Qorvo in the 3rd quarter worth approximately $389,000. Finally, FMR LLC boosted its holdings in shares of Qorvo by 7.6% in the third quarter. FMR LLC now owns 680,516 shares of the semiconductor company’s stock worth $64,969,000 after buying an additional 48,125 shares during the period. Institutional investors and hedge funds own 88.57% of the company’s stock.

Qorvo Trading Up 1.8 %

Shares of QRVO opened at $116.75 on Monday. The firm’s 50 day moving average price is $113.61 and its 200 day moving average price is $105.23. The company has a quick ratio of 1.33, a current ratio of 1.90 and a debt-to-equity ratio of 0.43. Qorvo, Inc. has a twelve month low of $80.62 and a twelve month high of $121.65.

Qorvo (NASDAQ:QRVO) last issued its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.47. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1 billion. Qorvo had a negative net margin of 6.11% and a positive return on equity of 10.41%. As a group, equities research analysts forecast that Qorvo, Inc. will post 4.95 EPS for the current year.

Insider Activity at Qorvo

In related news, SVP Paul J. Fego sold 3,027 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $114.00, for a total transaction of $345,078.00. Following the transaction, the senior vice president now owns 29,705 shares of the company’s stock, valued at $3,386,370. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Steven E. Creviston sold 3,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $120.00, for a total value of $360,000.00. Following the completion of the sale, the senior vice president now directly owns 77,552 shares in the company, valued at $9,306,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul J. Fego sold 3,027 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $114.00, for a total transaction of $345,078.00. Following the completion of the sale, the senior vice president now owns 29,705 shares of the company’s stock, valued at $3,386,370. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,381 shares of company stock valued at $745,434. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on QRVO shares. JPMorgan Chase & Co. raised their target price on shares of Qorvo from $95.00 to $105.00 and gave the stock an “underweight” rating in a report on Thursday, February 1st. Rosenblatt Securities raised their target price on shares of Qorvo from $95.00 to $105.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Craig Hallum raised their target price on shares of Qorvo from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Barclays raised their target price on shares of Qorvo from $95.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. Finally, Susquehanna reiterated a “neutral” rating and issued a $100.00 target price on shares of Qorvo in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $111.53.

Qorvo Company Profile

Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.