Qorvo, Inc. (NASDAQ:QRVO) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its holdings in shares of Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 493,725 shares of the semiconductor company's stock after selling 36,021 shares during the quarter. Fisher Asset Management LLC owned 0.53% of Qorvo worth $34,526,000 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. Larson Financial Group LLC grew 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 worth $33,000 after purchasing an additional 201 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Qorvo by 33.7% in the 3rd 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 period. Versant Capital Management Inc grew its stake 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 acquiring an additional 286 shares in the last quarter. Venturi Wealth Management LLC increased its position 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 acquiring an additional 250 shares during the period. Finally, CENTRAL TRUST Co raised its stake in shares of Qorvo by 2,621.4% during the fourth quarter. CENTRAL TRUST Co now owns 762 shares of the semiconductor company's stock valued at $53,000 after acquiring an additional 734 shares in the last quarter. Hedge funds and other institutional investors own 88.57% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts recently issued reports on QRVO shares. Barclays dropped their price objective on Qorvo from $90.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. Piper Sandler raised Qorvo from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $85.00 to $110.00 in a research report on Monday, January 27th. Needham & Company LLC restated a "buy" rating and set a $100.00 price target on shares of Qorvo in a research note on Wednesday, January 29th. Morgan Stanley raised shares of Qorvo from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $90.00 to $106.00 in a research note on Tuesday, January 21st. Finally, Loop Capital increased their target price on shares of Qorvo from $80.00 to $90.00 and gave the stock a "hold" rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $95.84.

Qorvo Stock Down 0.8 %

QRVO stock traded down $0.54 on Thursday, hitting $70.61. 663,912 shares of the company's stock were exchanged, compared to its average volume of 2,918,988. The firm has a 50 day moving average price of $76.99 and a two-hundred day moving average price of $85.14. Qorvo, Inc. has a 12-month low of $64.54 and a 12-month high of $130.99. The stock has a market cap of $6.59 billion, a P/E ratio of 252.16, a price-to-earnings-growth ratio of 15.57 and a beta of 1.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.78 and a current ratio of 2.60.

Qorvo 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.