Amundi Has $156.67 Million Stock Position in Qorvo, Inc. (NASDAQ:QRVO)

Amundi boosted its stake in Qorvo, Inc. (NASDAQ:QRVO) by 84.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,143,858 shares of the semiconductor company’s stock after buying an additional 981,519 shares during the period. Amundi’s holdings in Qorvo were worth $156,673,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC increased its holdings in Qorvo by 163.4% during the 3rd quarter. Larson Financial Group LLC now owns 324 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 201 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of 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 buying an additional 104 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Qorvo during the 4th quarter worth about $37,000. Versant Capital Management Inc grew its holdings in Qorvo by 89.7% during the 4th quarter. Versant Capital Management Inc now owns 605 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 286 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in Qorvo by 67.4% in the 4th quarter. Venturi Wealth Management LLC now owns 621 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 250 shares in the last quarter. 88.57% of the stock is currently owned by institutional investors.

Qorvo Stock Up 7.9 %

Shares of Qorvo stock opened at $76.80 on Monday. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of 274.29, a PEG ratio of 15.57 and a beta of 1.48. Qorvo, Inc. has a one year low of $64.54 and a one year high of $130.99. The stock’s 50-day moving average is $77.09 and its 200 day moving average is $84.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.60 and a quick ratio of 1.78.

Analysts Set New Price Targets

Several research analysts have issued reports on QRVO shares. Stifel Nicolaus reduced their price objective on Qorvo from $95.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Citigroup dropped their price objective on Qorvo from $72.00 to $69.00 and set a “sell” rating for the company in a report on Wednesday, January 29th. Piper Sandler raised shares of Qorvo from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $85.00 to $110.00 in a research note on Monday, January 27th. Morgan Stanley upgraded Qorvo from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $90.00 to $106.00 in a report on Tuesday, January 21st. Finally, StockNews.com upgraded Qorvo from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $95.84.

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.