Marshall Wace LLP Sells 23,809 Shares of Qorvo, Inc. (NASDAQ:QRVO)

Marshall Wace LLP lessened its holdings in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 18.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 102,897 shares of the semiconductor company's stock after selling 23,809 shares during the period. Marshall Wace LLP owned 0.11% of Qorvo worth $7,196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in QRVO. Rakuten Securities Inc. acquired a new position in shares of Qorvo in the fourth quarter valued at $28,000. Huntington National Bank boosted its holdings in shares of Qorvo by 47.1% during the 4th quarter. Huntington National Bank now owns 453 shares of the semiconductor company's stock worth $32,000 after buying an additional 145 shares during the period. SBI Securities Co. Ltd. acquired a new position in Qorvo in the 4th quarter valued at about $37,000. Versant Capital Management Inc raised its holdings in Qorvo by 89.7% in the 4th quarter. Versant Capital Management Inc now owns 605 shares of the semiconductor company's stock valued at $42,000 after acquiring an additional 286 shares during the period. Finally, Venturi Wealth Management LLC lifted 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 worth $43,000 after acquiring an additional 250 shares during the last quarter. Institutional investors own 88.57% of the company's stock.

Qorvo Stock Up 1.6 %

Shares of NASDAQ:QRVO opened at $59.12 on Wednesday. The firm has a market cap of $5.52 billion, a P/E ratio of 211.14, a P/E/G ratio of 15.57 and a beta of 1.43. Qorvo, Inc. has a 12-month low of $49.46 and a 12-month high of $130.99. The business has a fifty day simple moving average of $68.17 and a 200 day simple moving average of $74.95. The company has a quick ratio of 1.78, a current ratio of 2.60 and a debt-to-equity ratio of 0.46.

Analysts Set New Price Targets

QRVO has been the topic of several research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 target price on shares of Qorvo in a research report on Wednesday, January 29th. Morgan Stanley upgraded Qorvo from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $90.00 to $106.00 in a research report on Tuesday, January 21st. Loop Capital boosted their target price on shares of Qorvo from $80.00 to $90.00 and gave the company a "hold" rating in a research report on Wednesday, January 29th. StockNews.com raised shares of Qorvo from a "hold" rating to a "buy" rating in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group cut their price objective on shares of Qorvo from $99.00 to $78.00 and set a "neutral" rating for the company in a report on Friday, January 10th. 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $94.79.

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.

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