CANADA LIFE ASSURANCE Co Raises Position in Qorvo, Inc. (NASDAQ:QRVO)

CANADA LIFE ASSURANCE Co boosted its position in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 107.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,809 shares of the semiconductor company's stock after purchasing an additional 69,823 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.14% of Qorvo worth $9,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Stifel Financial Corp increased its position in shares of Qorvo by 11.8% in the third quarter. Stifel Financial Corp now owns 7,649 shares of the semiconductor company's stock worth $790,000 after purchasing an additional 807 shares during the last quarter. MML Investors Services LLC grew its stake in Qorvo by 10.9% in the 3rd quarter. MML Investors Services LLC now owns 3,532 shares of the semiconductor company's stock worth $365,000 after buying an additional 347 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Qorvo in the 3rd quarter worth $1,211,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Qorvo during the 3rd quarter valued at $200,000. Finally, Tidal Investments LLC grew its position in Qorvo by 188.1% in the third quarter. Tidal Investments LLC now owns 37,729 shares of the semiconductor company's stock worth $3,897,000 after acquiring an additional 24,635 shares in the last quarter. 88.57% of the stock is owned by institutional investors.

Qorvo Trading Up 0.4 %

Shares of Qorvo stock traded up $0.27 during midday trading on Friday, reaching $63.78. 988,983 shares of the company's stock traded hands, compared to its average volume of 2,144,012. The stock has a 50 day moving average of $67.31 and a 200-day moving average of $74.34. Qorvo, Inc. has a 12 month low of $49.46 and a 12 month high of $130.99. The company has a market cap of $5.96 billion, a PE ratio of 227.79, a price-to-earnings-growth ratio of 15.57 and a beta of 1.43. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.78 and a current ratio of 2.60.

Analyst Ratings Changes

QRVO has been the subject of a number of research reports. Mizuho upped their price objective on Qorvo from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. Citigroup cut their target price on Qorvo from $72.00 to $69.00 and set a "sell" rating for the company in a research note on Wednesday, January 29th. Stifel Nicolaus decreased their price target on shares of Qorvo from $95.00 to $90.00 and set a "hold" rating on the stock in a research note on Wednesday, January 29th. Needham & Company LLC restated a "buy" rating and issued a $100.00 price objective on shares of Qorvo in a report on Wednesday, January 29th. Finally, Benchmark reaffirmed a "hold" rating on shares of Qorvo in a report on Wednesday, January 29th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Qorvo currently has an average rating of "Hold" and a consensus price target of $94.79.

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.