Qorvo, Inc. (NASDAQ:QRVO) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its position in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 33.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 715,045 shares of the semiconductor company's stock after buying an additional 177,315 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.76% of Qorvo worth $50,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC grew its holdings in shares of Qorvo by 163.4% in the third quarter. Larson Financial Group LLC now owns 324 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 201 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Qorvo in the third quarter valued at about $41,000. Versant Capital Management Inc raised its stake in shares of Qorvo by 89.7% during the fourth 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 last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Qorvo by 33.7% during the third quarter. Farther Finance Advisors LLC now owns 413 shares of the semiconductor company's stock worth $43,000 after purchasing an additional 104 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of Qorvo by 33.8% in the third quarter. UMB Bank n.a. now owns 736 shares of the semiconductor company's stock worth $76,000 after purchasing an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 88.57% of the company's stock.

Qorvo Trading Down 2.7 %

Shares of NASDAQ:QRVO traded down $2.31 during trading on Thursday, reaching $83.72. 3,165,493 shares of the company were exchanged, compared to its average volume of 3,921,568. The business's fifty day simple moving average is $73.73 and its 200-day simple moving average is $91.78. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.90 and a quick ratio of 1.38. Qorvo, Inc. has a 12-month low of $64.54 and a 12-month high of $130.99. The firm has a market capitalization of $7.91 billion, a PE ratio of -57.34, a P/E/G ratio of 6.98 and a beta of 1.40.

Qorvo (NASDAQ:QRVO - Get Free Report) last issued its earnings results on Tuesday, October 29th. The semiconductor company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.03. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.03 billion. Qorvo had a negative net margin of 3.58% and a positive return on equity of 13.81%. The firm's quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.99 EPS. On average, research analysts anticipate that Qorvo, Inc. will post 3.37 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on QRVO. Piper Sandler raised Qorvo from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $85.00 to $110.00 in a research report on Monday. Susquehanna decreased their price target on Qorvo from $115.00 to $90.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Benchmark reissued a "hold" rating on shares of Qorvo in a research report on Wednesday. StockNews.com raised shares of Qorvo from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, UBS Group dropped their target price on shares of Qorvo from $115.00 to $90.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $95.84.

Insider Activity

In related news, SVP Philip Chesley sold 4,045 shares of the firm's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $70.15, for a total value of $283,756.75. Following the completion of the transaction, the senior vice president now owns 30,261 shares in the company, valued at $2,122,809.15. This trade represents a 11.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.46% of the company's stock.

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.