Baader Bank Aktiengesellschaft Invests $212,000 in Qorvo, Inc. (NASDAQ:QRVO)

Baader Bank Aktiengesellschaft acquired a new position in shares of Qorvo, Inc. (NASDAQ:QRVO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,036 shares of the semiconductor company's stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of QRVO. Larson Financial Group LLC raised its position in Qorvo by 163.4% during the third 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. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Qorvo during the 3rd quarter valued at about $41,000. Versant Capital Management Inc lifted its position in Qorvo by 89.7% in the 4th quarter. Versant Capital Management Inc now owns 605 shares of the semiconductor company's stock worth $42,000 after buying an additional 286 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Qorvo by 33.7% during 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. Finally, UMB Bank n.a. increased its stake in shares of Qorvo by 33.8% in the third quarter. UMB Bank n.a. now owns 736 shares of the semiconductor company's stock worth $76,000 after buying an additional 186 shares during the period. 88.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

QRVO has been the subject of a number of research reports. Barclays decreased their price target on shares of Qorvo from $90.00 to $80.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price objective on shares of Qorvo in a research report on Wednesday. Citigroup dropped their target price on shares of Qorvo from $72.00 to $69.00 and set a "sell" rating on the stock in a research note on Wednesday. Loop Capital lifted their target price on Qorvo from $80.00 to $90.00 and gave the stock a "hold" rating in a report on Wednesday. Finally, Mizuho upped their target price on shares of Qorvo from $80.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $95.84.

Insiders Place Their Bets

In related news, SVP Philip Chesley sold 4,045 shares of the firm's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $70.15, for a total transaction of $283,756.75. Following the completion of the sale, the senior vice president now directly owns 30,261 shares of the company's stock, valued at approximately $2,122,809.15. This trade represents a 11.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is currently owned by company insiders.

Qorvo Stock Performance

NASDAQ QRVO traded down $0.74 on Friday, reaching $82.98. The stock had a trading volume of 2,404,087 shares, compared to its average volume of 3,567,285. The business's 50-day moving average price is $74.01 and its 200 day moving average price is $91.48. The stock has a market cap of $7.84 billion, a P/E ratio of 296.36, a price-to-earnings-growth ratio of 6.89 and a beta of 1.40. Qorvo, Inc. has a 12-month low of $64.54 and a 12-month high of $130.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.38 and a current ratio of 1.90.

Qorvo (NASDAQ:QRVO - Get Free Report) last released its earnings results on Tuesday, October 29th. The semiconductor company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.03. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.03 billion. Qorvo had a return on equity of 12.32% and a net margin of 0.71%. The firm's quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.99 EPS. As a group, equities analysts expect that Qorvo, Inc. will post 3.37 earnings per share for the current year.

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.