Natixis Advisors LLC Cuts Stock Position in Qorvo, Inc. (NASDAQ:QRVO)

Natixis Advisors LLC cut its position in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 23.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,813 shares of the semiconductor company's stock after selling 15,315 shares during the quarter. Natixis Advisors LLC owned 0.05% of Qorvo worth $3,553,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of QRVO. Alexander Randolph Advisory Inc. grew its position in Qorvo by 1.0% in the 4th quarter. Alexander Randolph Advisory Inc. now owns 13,592 shares of the semiconductor company's stock valued at $950,000 after acquiring an additional 140 shares in the last quarter. Martingale Asset Management L P increased its stake in Qorvo by 1.0% during the 3rd quarter. Martingale Asset Management L P now owns 19,061 shares of the semiconductor company's stock worth $1,969,000 after buying an additional 181 shares during the period. Truvestments Capital LLC lifted its holdings in Qorvo by 7.2% during the 4th quarter. Truvestments Capital LLC now owns 2,768 shares of the semiconductor company's stock worth $194,000 after buying an additional 185 shares in the last quarter. Larson Financial Group LLC boosted its position in Qorvo by 163.4% in the 3rd quarter. Larson Financial Group LLC now owns 324 shares of the semiconductor company's stock valued at $33,000 after buying an additional 201 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Qorvo by 0.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 27,841 shares of the semiconductor company's stock worth $2,876,000 after acquiring an additional 215 shares in the last quarter. 88.57% of the stock is owned by institutional investors and hedge funds.

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Qorvo Stock Performance

Shares of QRVO stock traded down $0.63 during trading hours on Wednesday, hitting $75.00. The stock had a trading volume of 1,572,108 shares, compared to its average volume of 2,893,030. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.60 and a quick ratio of 1.78. The firm has a market capitalization of $7.00 billion, a PE ratio of 267.86, a PEG ratio of 15.57 and a beta of 1.48. The stock's 50 day moving average is $77.22 and its 200 day moving average is $80.98. Qorvo, Inc. has a twelve month low of $64.54 and a twelve month high of $130.99.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on QRVO. Benchmark reiterated a "hold" rating on shares of Qorvo in a report on Wednesday, January 29th. Loop Capital boosted their price objective on Qorvo from $80.00 to $90.00 and gave the stock a "hold" rating in a research report on Wednesday, January 29th. Needham & Company LLC restated a "buy" rating and set a $100.00 target price on shares of Qorvo in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Qorvo from a "hold" rating to a "buy" rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group dropped their price objective on shares of Qorvo from $99.00 to $78.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Three 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, Qorvo has an average rating of "Hold" and a consensus target price of $95.84.

Qorvo Company 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.