Qorvo, Inc. (NASDAQ:QRVO) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC raised its position in shares of Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 39.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,912 shares of the semiconductor company's stock after buying an additional 14,199 shares during the period. Intech Investment Management LLC owned about 0.05% of Qorvo worth $5,792,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Mather Group LLC. lifted its holdings in Qorvo by 5.6% during the 2nd quarter. Mather Group LLC. now owns 1,812 shares of the semiconductor company's stock worth $208,000 after buying an additional 96 shares in the last quarter. Quadrature Capital Ltd raised its stake in shares of Qorvo by 0.4% in the fourth quarter. Quadrature Capital Ltd now owns 25,092 shares of the semiconductor company's stock valued at $2,825,000 after acquiring an additional 103 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Qorvo by 81.0% in the first quarter. EverSource Wealth Advisors LLC now owns 257 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 115 shares during the period. Empirical Finance LLC grew its stake in Qorvo by 3.2% during the 1st quarter. Empirical Finance LLC now owns 3,768 shares of the semiconductor company's stock worth $433,000 after purchasing an additional 117 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Qorvo by 12.9% during the 1st quarter. GAMMA Investing LLC now owns 1,040 shares of the semiconductor company's stock worth $119,000 after purchasing an additional 119 shares during the period. 88.57% of the stock is owned by institutional investors and hedge funds.

Qorvo Trading Down 0.9 %

NASDAQ QRVO opened at $102.26 on Friday. The firm's fifty day moving average is $112.02 and its two-hundred day moving average is $110.40. Qorvo, Inc. has a one year low of $80.62 and a one year high of $130.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.36 and a current ratio of 1.95. The firm has a market cap of $9.72 billion, a PE ratio of -140.08, a P/E/G ratio of 1.23 and a beta of 1.46.

Qorvo (NASDAQ:QRVO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.71 by $0.16. Qorvo had a positive return on equity of 14.92% and a negative net margin of 0.66%. The firm had revenue of $886.70 million during the quarter, compared to the consensus estimate of $851.95 million. During the same period in the prior year, the business earned $0.03 EPS. The firm's revenue was up 36.2% compared to the same quarter last year. Analysts expect that Qorvo, Inc. will post 4.8 earnings per share for the current year.

Insider Transactions at Qorvo

In other Qorvo news, VP Gina Harrison sold 689 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $107.67, for a total value of $74,184.63. Following the transaction, the vice president now directly owns 21,601 shares of the company's stock, valued at approximately $2,325,779.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on QRVO shares. Barclays lifted their price objective on Qorvo from $100.00 to $125.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 30th. Rosenblatt Securities boosted their price target on shares of Qorvo from $105.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. Craig Hallum raised their price objective on shares of Qorvo from $124.00 to $142.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Raymond James lifted their price objective on shares of Qorvo from $115.00 to $135.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Finally, Needham & Company LLC increased their target price on Qorvo from $110.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $121.00.

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.