Boston Research & Management Inc. Decreases Stock Holdings in Qorvo, Inc. (NASDAQ:QRVO)

Boston Research & Management Inc. lowered its stake in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 67.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,555 shares of the semiconductor company's stock after selling 26,044 shares during the quarter. Boston Research & Management Inc.'s holdings in Qorvo were worth $877,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alexander Randolph Advisory Inc. lifted its position in shares of Qorvo by 1.0% in the fourth quarter. Alexander Randolph Advisory Inc. now owns 13,592 shares of the semiconductor company's stock worth $950,000 after buying an additional 140 shares in the last quarter. Martingale Asset Management L P raised its holdings in shares of Qorvo by 1.0% during the 3rd quarter. Martingale Asset Management L P now owns 19,061 shares of the semiconductor company's stock worth $1,969,000 after acquiring an additional 181 shares in the last quarter. Truvestments Capital LLC raised its holdings in shares of Qorvo by 7.2% during the 4th quarter. Truvestments Capital LLC now owns 2,768 shares of the semiconductor company's stock worth $194,000 after acquiring an additional 185 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of 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 acquiring an additional 201 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Qorvo by 0.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 27,841 shares of the semiconductor company's stock valued at $2,876,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 88.57% of the company's stock.

Qorvo Stock Down 7.2 %

NASDAQ QRVO traded down $4.38 on Friday, reaching $56.72. 1,854,039 shares of the stock traded hands, compared to its average volume of 2,017,169. Qorvo, Inc. has a 12 month low of $53.97 and a 12 month 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 company has a fifty day moving average price of $75.56 and a 200-day moving average price of $79.63. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 201.93, a PEG ratio of 15.57 and a beta of 1.43.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on QRVO shares. Barclays decreased their price target on shares of Qorvo from $90.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. Mizuho increased their price target on shares of Qorvo from $80.00 to $90.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Benchmark reiterated a "hold" rating on shares of Qorvo in a research report on Wednesday, January 29th. Loop Capital upped their price objective on Qorvo from $80.00 to $90.00 and gave the company a "hold" rating in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group dropped their target price on Qorvo from $99.00 to $78.00 and set a "neutral" rating for the company in a report on Friday, January 10th. Three equities research 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. According to 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.