Boston Research & Management Inc. Has $877,000 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 fourth quarter, according to the company in its most recent Form 13F filing with the SEC. 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in QRVO. Rakuten Securities Inc. bought a new stake in Qorvo in the 4th quarter valued at $28,000. Larson Financial Group LLC lifted its holdings in shares of 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 purchasing an additional 201 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Qorvo during the fourth quarter worth about $37,000. Versant Capital Management Inc boosted its position in shares of Qorvo by 89.7% during the fourth 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 period. Finally, Venturi Wealth Management LLC grew its holdings in shares of Qorvo by 67.4% during the fourth quarter. Venturi Wealth Management LLC now owns 621 shares of the semiconductor company's stock worth $43,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 88.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on QRVO. Loop Capital upped their price target on Qorvo from $80.00 to $90.00 and gave the stock a "hold" rating in a research report on Wednesday, January 29th. Citigroup decreased their target price on shares of Qorvo from $72.00 to $69.00 and set a "sell" rating for the company in a research report on Wednesday, January 29th. Stifel Nicolaus cut their price target on shares of Qorvo from $95.00 to $90.00 and set a "hold" rating on the stock in a research report on Wednesday, January 29th. StockNews.com upgraded Qorvo from a "hold" rating to a "buy" rating in a report on Wednesday, January 29th. Finally, Benchmark reiterated a "hold" rating 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $95.84.

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Qorvo Stock Performance

Shares of NASDAQ QRVO traded up $0.41 during mid-day trading on Wednesday, reaching $72.64. 913,265 shares of the company were exchanged, compared to its average volume of 2,002,414. The stock has a market capitalization of $6.78 billion, a P/E ratio of 259.43, a P/E/G ratio of 15.57 and a beta of 1.48. The company has a quick ratio of 1.78, a current ratio of 2.60 and a debt-to-equity ratio of 0.46. The company's 50-day simple moving average is $76.44 and its 200-day simple moving average is $79.81. Qorvo, Inc. has a twelve month low of $64.54 and a twelve month high of $130.99.

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.