Qorvo, Inc. (NASDAQ:QRVO) Stock Holdings Boosted by Stephens Inc. AR

Stephens Inc. AR lifted its position in Qorvo, Inc. (NASDAQ:QRVOFree Report) by 3.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,573 shares of the semiconductor company’s stock after buying an additional 273 shares during the period. Stephens Inc. AR’s holdings in Qorvo were worth $965,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of QRVO. Charles Schwab Investment Management Inc. grew its position in Qorvo by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 893,122 shares of the semiconductor company’s stock worth $85,266,000 after buying an additional 5,462 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Qorvo by 4.9% during the third 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 period. Pathstone Family Office LLC lifted its holdings in shares of Qorvo by 38.1% during the third quarter. Pathstone Family Office LLC now owns 4,767 shares of the semiconductor company’s stock valued at $486,000 after purchasing an additional 1,316 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Qorvo by 1.9% in the 3rd quarter. HighTower Advisors LLC now owns 51,570 shares of the semiconductor company’s stock valued at $4,924,000 after purchasing an additional 958 shares during the period. Finally, Huntington National Bank increased its stake in Qorvo by 8,090.0% in the 3rd quarter. Huntington National Bank now owns 819 shares of the semiconductor company’s stock worth $78,000 after purchasing an additional 809 shares in the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

Wall Street Analyst Weigh In

QRVO has been the topic of several analyst reports. Benchmark dropped their target price on shares of Qorvo from $136.00 to $128.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. JPMorgan Chase & Co. cut their target price on shares of Qorvo from $105.00 to $100.00 and set an “underweight” rating on the stock in a research note on Thursday, May 2nd. StockNews.com lowered Qorvo from a “buy” rating to a “hold” rating in a report on Friday. Mizuho lowered their price target on Qorvo from $115.00 to $105.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Finally, Barclays reduced their price objective on Qorvo from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $110.83.

Check Out Our Latest Stock Report on QRVO

Insider Activity at Qorvo

In other news, Director John R. Harding sold 941 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $97.36, for a total transaction of $91,615.76. Following the completion of the transaction, the director now directly owns 6,950 shares in the company, valued at $676,652. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director John R. Harding sold 941 shares of Qorvo stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $97.36, for a total transaction of $91,615.76. Following the sale, the director now directly owns 6,950 shares of the company’s stock, valued at $676,652. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Robert A. Bruggeworth sold 22,299 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $99.31, for a total value of $2,214,513.69. Following the completion of the transaction, the chief executive officer now directly owns 154,714 shares of the company’s stock, valued at approximately $15,364,647.34. The disclosure for this sale can be found here. Insiders sold a total of 45,372 shares of company stock worth $4,517,858 in the last 90 days. 0.43% of the stock is owned by company insiders.

Qorvo Stock Performance

NASDAQ:QRVO opened at $102.36 on Tuesday. The company’s 50 day moving average is $104.75 and its 200-day moving average is $107.25. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.99 and a quick ratio of 1.41. Qorvo, Inc. has a 12 month low of $80.62 and a 12 month high of $121.65.

Qorvo (NASDAQ:QRVOGet Free Report) last announced its earnings results on Wednesday, May 1st. The semiconductor company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.21 by $0.18. Qorvo had a negative net margin of 1.86% and a positive return on equity of 13.43%. The firm had revenue of $941.00 million for the quarter, compared to the consensus estimate of $927.24 million. During the same quarter last year, the firm posted $0.11 EPS. The business’s quarterly revenue was up 48.7% on a year-over-year basis. On average, equities research analysts predict that Qorvo, Inc. will post 5.16 earnings per share for the current year.

Qorvo Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Qorvo (NASDAQ:QRVO)

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