Qorvo, Inc. (NASDAQ:QRVO) Given Average Rating of “Hold” by Analysts

Shares of Qorvo, Inc. (NASDAQ:QRVO) have been given an average recommendation of “Hold” by the nineteen brokerages that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $95.84.

A number of equities research analysts recently issued reports on QRVO shares. Stifel Nicolaus lowered their price objective on Qorvo from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. StockNews.com raised Qorvo from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. Loop Capital raised their target price on shares of Qorvo from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of Qorvo in a research note on Wednesday, January 29th. Finally, Mizuho raised their price objective on shares of Qorvo from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, January 24th.

Institutional Investors Weigh In On Qorvo

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its stake in Qorvo by 102.0% in the fourth quarter. Ameriprise Financial Inc. now owns 3,597,546 shares of the semiconductor company’s stock worth $251,577,000 after acquiring an additional 1,816,811 shares during the period. FIL Ltd increased its position in shares of Qorvo by 5.3% during the fourth quarter. FIL Ltd now owns 3,324,241 shares of the semiconductor company’s stock valued at $232,464,000 after buying an additional 166,461 shares during the period. Vulcan Value Partners LLC lifted its holdings in shares of Qorvo by 53.7% during the fourth quarter. Vulcan Value Partners LLC now owns 2,581,296 shares of the semiconductor company’s stock valued at $180,487,000 after purchasing an additional 902,353 shares during the last quarter. Amundi boosted its position in shares of Qorvo by 84.4% in the 4th quarter. Amundi now owns 2,143,858 shares of the semiconductor company’s stock worth $156,673,000 after purchasing an additional 981,519 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Qorvo by 22.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,419,698 shares of the semiconductor company’s stock valued at $99,280,000 after buying an additional 264,167 shares in the last quarter. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Qorvo Stock Performance

NASDAQ QRVO opened at $58.20 on Tuesday. The company’s 50 day simple moving average is $68.54 and its two-hundred day simple moving average is $75.06. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.60 and a quick ratio of 1.78. Qorvo has a 1 year low of $49.46 and a 1 year high of $130.99. The stock has a market capitalization of $5.44 billion, a PE ratio of 207.86, a P/E/G ratio of 15.57 and a beta of 1.43.

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.