Qorvo, Inc. (NASDAQ:QRVO) Given Consensus Recommendation of "Hold" by Brokerages

Qorvo, Inc. (NASDAQ:QRVO - Get Free Report) has received a consensus recommendation of "Hold" from the nineteen brokerages that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $95.84.

Several equities analysts have recently weighed in on QRVO shares. Mizuho raised their price target on shares of Qorvo from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Barclays reduced their target price 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. The Goldman Sachs Group dropped their price target on shares of Qorvo from $99.00 to $78.00 and set a "neutral" rating for the company in a research note on Friday, January 10th. Stifel Nicolaus reduced their price target on shares of Qorvo from $95.00 to $90.00 and set a "hold" rating on the stock in a research report on Wednesday, January 29th. Finally, Benchmark reaffirmed a "hold" rating on shares of Qorvo in a research report on Wednesday, January 29th.

Insider Buying and Selling at Qorvo

In other news, SVP Philip Chesley sold 4,045 shares of Qorvo stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $70.15, for a total transaction of $283,756.75. Following the completion of the sale, the senior vice president now directly owns 30,261 shares of the company's stock, valued at approximately $2,122,809.15. The trade was a 11.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Qorvo

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its stake in Qorvo by 33.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 413 shares of the semiconductor company's stock worth $43,000 after acquiring an additional 104 shares in the last quarter. V Square Quantitative Management LLC raised its stake 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 raised its stake in Qorvo by 3.7% during 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 in the last quarter. Alexander Randolph Advisory Inc. raised its stake in Qorvo by 1.0% during the 4th quarter. Alexander Randolph Advisory Inc. now owns 13,592 shares of the semiconductor company's stock worth $950,000 after acquiring an additional 140 shares in the last quarter. Finally, Narwhal Capital Management raised its stake in Qorvo by 7.7% during the 3rd quarter. Narwhal Capital Management now owns 2,240 shares of the semiconductor company's stock worth $231,000 after acquiring an additional 160 shares in the last quarter. 88.57% of the stock is currently owned by institutional investors and hedge funds.

Qorvo Price Performance

Shares of NASDAQ:QRVO traded down $1.86 during midday trading on Thursday, hitting $77.03. The company's stock had a trading volume of 2,507,842 shares, compared to its average volume of 3,590,921. The business's 50 day simple moving average is $75.17 and its 200 day simple moving average is $89.69. 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 has a market cap of $7.19 billion, a P/E ratio of 275.11, a price-to-earnings-growth ratio of 15.93 and a beta of 1.41. Qorvo has a 12-month low of $64.54 and a 12-month high of $130.99.

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.