Hillsdale Investment Management Inc. Purchases 350 Shares of Qorvo, Inc. (NASDAQ:QRVO)

Hillsdale Investment Management Inc. boosted its position in Qorvo, Inc. (NASDAQ:QRVO) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,360 shares of the semiconductor company’s stock after purchasing an additional 350 shares during the period. Hillsdale Investment Management Inc.’s holdings in Qorvo were worth $515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. American Century Companies Inc. boosted its holdings in Qorvo by 5.0% during the 4th quarter. American Century Companies Inc. now owns 30,467 shares of the semiconductor company’s stock valued at $2,131,000 after acquiring an additional 1,443 shares during the period. Quantbot Technologies LP boosted its stake in shares of Qorvo by 377.4% during the fourth quarter. Quantbot Technologies LP now owns 194,646 shares of the semiconductor company’s stock valued at $13,612,000 after purchasing an additional 153,875 shares during the period. Talos Asset Management LP bought a new position in shares of Qorvo in the fourth quarter worth about $9,308,000. Royal London Asset Management Ltd. increased its stake in Qorvo by 11.5% in the 4th quarter. Royal London Asset Management Ltd. now owns 43,481 shares of the semiconductor company’s stock worth $3,041,000 after buying an additional 4,497 shares during the period. Finally, Maryland State Retirement & Pension System lifted its holdings in Qorvo by 579.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 37,327 shares of the semiconductor company’s stock valued at $2,610,000 after buying an additional 31,833 shares in the last quarter. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Analyst Upgrades and Downgrades

QRVO has been the topic of a number of research reports. StockNews.com raised shares of Qorvo from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group decreased their target price on Qorvo from $99.00 to $78.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Stifel Nicolaus dropped their price target on Qorvo from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Loop Capital lifted their price objective on Qorvo from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of Qorvo in a report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $95.84.

Qorvo Price Performance

Shares of QRVO stock opened at $72.91 on Tuesday. Qorvo, Inc. has a fifty-two week low of $64.54 and a fifty-two week high of $130.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.78 and a current ratio of 2.60. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 260.39, a PEG ratio of 15.57 and a beta of 1.48. The stock’s 50-day simple moving average is $77.16 and its 200-day simple moving average is $81.18.

About Qorvo

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.