Dimensional Fund Advisors LP lifted its holdings in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 22.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,419,698 shares of the semiconductor company's stock after buying an additional 264,167 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.52% of Qorvo worth $99,280,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rakuten Securities Inc. bought a new position in shares of Qorvo during the fourth quarter valued at $28,000. Huntington National Bank boosted its holdings in Qorvo by 47.1% in the fourth quarter. Huntington National Bank now owns 453 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 145 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Qorvo in the 4th quarter worth $37,000. Versant Capital Management Inc grew its stake in shares of Qorvo by 89.7% during the 4th quarter. Versant Capital Management Inc now owns 605 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 286 shares during the period. Finally, Venturi Wealth Management LLC grew its position in Qorvo by 67.4% during the fourth quarter. Venturi Wealth Management LLC now owns 621 shares of the semiconductor company's stock valued at $43,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 88.57% of the company's stock.
Wall Street Analysts Forecast Growth
QRVO has been the subject of a number of analyst reports. Piper Sandler upgraded Qorvo from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $85.00 to $110.00 in a research report on Monday, January 27th. Barclays reiterated a "reduce" rating on shares of Qorvo in a research note on Tuesday, April 22nd. Morgan Stanley raised shares of Qorvo from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $90.00 to $106.00 in a research note on Tuesday, January 21st. StockNews.com upgraded Qorvo from a "hold" rating to a "buy" rating in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus lowered their target price on shares of Qorvo from $95.00 to $90.00 and set a "hold" rating for the company in a report on Wednesday, January 29th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $94.79.
Check Out Our Latest Research Report on QRVO
Qorvo Price Performance
NASDAQ QRVO opened at $63.78 on Monday. Qorvo, Inc. has a 52-week low of $49.46 and a 52-week high of $130.99. The firm's 50 day moving average price is $67.31 and its 200-day moving average price is $73.95. The company has a market cap of $5.96 billion, a PE ratio of 227.79, a P/E/G 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.
About Qorvo
(
Free Report)
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.
Further Reading
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