Qorvo, Inc. (NASDAQ:QRVO) Shares Purchased by 180 Wealth Advisors LLC

180 Wealth Advisors LLC increased its position in shares of Qorvo, Inc. (NASDAQ:QRVO) by 78.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,293 shares of the semiconductor company’s stock after purchasing an additional 2,320 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Qorvo were worth $370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of QRVO. Larson Financial Group LLC lifted its holdings in Qorvo by 163.4% in the third quarter. Larson Financial Group LLC now owns 324 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 201 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Qorvo in the third quarter valued at approximately $41,000. Versant Capital Management Inc lifted its holdings in Qorvo by 89.7% in the fourth quarter. Versant Capital Management Inc now owns 605 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 286 shares during the period. Farther Finance Advisors LLC lifted its holdings in Qorvo by 33.7% in the third quarter. Farther Finance Advisors LLC now owns 413 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 104 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Qorvo by 33.8% in the third quarter. UMB Bank n.a. now owns 736 shares of the semiconductor company’s stock valued at $76,000 after acquiring an additional 186 shares during the period. Institutional investors and hedge funds own 88.57% of the company’s stock.

Insider Buying and Selling at Qorvo

In other news, SVP Philip Chesley sold 4,045 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $70.15, for a total value of $283,756.75. Following the transaction, the senior vice president now owns 30,261 shares of the company’s stock, valued at $2,122,809.15. This represents a 11.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on QRVO. Benchmark downgraded Qorvo from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Mizuho decreased their price target on Qorvo from $98.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. StockNews.com cut Qorvo from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Loop Capital began coverage on Qorvo in a research report on Monday, November 11th. They issued a “hold” rating and a $73.00 price objective for the company. Finally, BNP Paribas cut Qorvo from an “outperform” rating to a “neutral” rating and set a $80.00 price objective for the company. in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $99.06.

Qorvo Stock Up 1.8 %

Shares of NASDAQ:QRVO opened at $74.16 on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.90 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average of $69.78 and a two-hundred day moving average of $94.25. The stock has a market cap of $7.01 billion, a P/E ratio of -50.79, a PEG ratio of 5.58 and a beta of 1.40. Qorvo, Inc. has a 52-week low of $64.54 and a 52-week high of $130.99.

Qorvo (NASDAQ:QRVO) last issued its earnings results on Tuesday, October 29th. The semiconductor company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.03. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Qorvo had a positive return on equity of 13.81% and a negative net margin of 3.58%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.99 EPS. On average, research analysts expect that Qorvo, Inc. will post 3.37 earnings per share for the current year.

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.