F&V Capital Management LLC Has $6.54 Million Stock Position in Qorvo, Inc. (NASDAQ:QRVO)

F&V Capital Management LLC boosted its stake in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,538 shares of the semiconductor company's stock after acquiring an additional 3,335 shares during the period. Qorvo comprises approximately 1.7% of F&V Capital Management LLC's portfolio, making the stock its 24th largest position. F&V Capital Management LLC owned approximately 0.10% of Qorvo worth $6,541,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in shares of Qorvo by 33.7% in the third 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 in the last quarter. V Square Quantitative Management LLC lifted its position in Qorvo by 5.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,233 shares of the semiconductor company's stock worth $231,000 after acquiring an additional 107 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in Qorvo by 3.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,884 shares of the semiconductor company's stock worth $401,000 after acquiring an additional 140 shares during the period. Narwhal Capital Management grew its position in Qorvo by 7.7% in the third quarter. Narwhal Capital Management now owns 2,240 shares of the semiconductor company's stock valued at $231,000 after acquiring an additional 160 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Qorvo by 9.2% during the third quarter. GAMMA Investing LLC now owns 2,040 shares of the semiconductor company's stock valued at $211,000 after purchasing an additional 172 shares during the period. Institutional investors and hedge funds own 88.57% of the company's stock.

Wall Street Analyst Weigh In

QRVO has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Qorvo from $115.00 to $95.00 and set an "underweight" rating for the company in a research note on Wednesday, October 30th. Benchmark restated a "hold" rating on shares of Qorvo in a research note on Wednesday, January 29th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 target price on shares of Qorvo in a research report on Wednesday, January 29th. Loop Capital increased their price target on Qorvo from $80.00 to $90.00 and gave the company a "hold" rating in a report on Wednesday, January 29th. Finally, Bank of America dropped their price objective on Qorvo from $115.00 to $80.00 and set an "underperform" rating on the stock in a report on Wednesday, October 30th. Three investment 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. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $95.84.

Insider Activity

In other news, SVP Philip Chesley sold 4,045 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $70.15, for a total transaction of $283,756.75. Following the completion of the transaction, the senior vice president now directly owns 30,261 shares in the company, valued at approximately $2,122,809.15. The trade was a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.46% of the company's stock.

Qorvo Stock Performance

Shares of Qorvo stock traded down $1.86 on Friday, reaching $77.03. 2,507,842 shares of the company were exchanged, compared to its average volume of 3,544,161. Qorvo, Inc. has a 1-year low of $64.54 and a 1-year high of $130.99. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 275.11, a P/E/G ratio of 16.76 and a beta of 1.41. 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's 50-day moving average is $75.01 and its two-hundred day moving average is $90.27.

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.