Qorvo, Inc. (NASDAQ:QRVO) Shares Purchased by Headlands Technologies LLC

Headlands Technologies LLC grew its stake in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 198.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,734 shares of the semiconductor company's stock after acquiring an additional 9,128 shares during the quarter. Headlands Technologies LLC's holdings in Qorvo were worth $960,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of QRVO. Mediolanum International Funds Ltd acquired a new position in Qorvo in the fourth quarter valued at approximately $1,177,000. Janney Montgomery Scott LLC raised its holdings in Qorvo by 245.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,641 shares of the semiconductor company's stock valued at $1,024,000 after buying an additional 10,405 shares during the period. Virtu Financial LLC acquired a new position in Qorvo in the third quarter valued at about $1,211,000. F&V Capital Management LLC boosted its stake in Qorvo by 3.7% during the fourth quarter. F&V Capital Management LLC now owns 93,538 shares of the semiconductor company's stock worth $6,541,000 after buying an additional 3,335 shares during the period. Finally, Diversified Trust Co acquired a new stake in shares of Qorvo during the fourth quarter valued at about $806,000. Hedge funds and other institutional investors own 88.57% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Citigroup cut their price objective on Qorvo from $72.00 to $69.00 and set a "sell" rating on the stock in a report on Wednesday, January 29th. Barclays cut their price target on shares of Qorvo from $90.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. Benchmark reissued 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 note on Wednesday, January 29th. Finally, Mizuho increased their target price on shares of Qorvo from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Qorvo currently has an average rating of "Hold" and a consensus price target of $95.84.

Remove Ads

Qorvo Stock Down 7.8 %

Shares of QRVO traded down $4.74 during mid-day trading on Friday, reaching $56.35. The company's stock had a trading volume of 4,493,458 shares, compared to its average volume of 2,030,360. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.60 and a quick ratio of 1.78. Qorvo, Inc. has a 12-month low of $53.97 and a 12-month high of $130.99. The stock has a market cap of $5.26 billion, a PE ratio of 201.25, a price-to-earnings-growth ratio of 15.57 and a beta of 1.43. The company's 50 day moving average is $74.91 and its 200 day moving average is $79.32.

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.