Qorvo, Inc. (NASDAQ:QRVO) Stock Position Increased by Achmea Investment Management B.V.

Achmea Investment Management B.V. lifted its holdings in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 108.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,093 shares of the semiconductor company's stock after acquiring an additional 11,477 shares during the period. Achmea Investment Management B.V.'s holdings in Qorvo were worth $1,545,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Rakuten Securities Inc. purchased a new position in shares of Qorvo in the fourth quarter valued at $28,000. Larson Financial Group LLC boosted its stake 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 valued at $33,000 after purchasing an additional 201 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Qorvo in the fourth quarter valued at $37,000. Versant Capital Management Inc boosted its stake in shares of Qorvo by 89.7% in the fourth quarter. Versant Capital Management Inc now owns 605 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 286 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of Qorvo by 33.7% in the third quarter. Farther Finance Advisors LLC now owns 413 shares of the semiconductor company's stock valued at $43,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds own 88.57% of the company's stock.

Analyst Upgrades and Downgrades

QRVO has been the subject of several analyst reports. Stifel Nicolaus decreased their target price on shares of Qorvo from $95.00 to $90.00 and set a "hold" rating for the company in a research note on Wednesday, January 29th. Barclays decreased their target price on shares of Qorvo from $90.00 to $80.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Mizuho increased their price objective on shares of Qorvo from $80.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Piper Sandler raised shares of Qorvo from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $85.00 to $110.00 in a report on Monday, January 27th. Finally, The Goldman Sachs Group decreased 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 equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $95.84.

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Qorvo Stock Performance

NASDAQ:QRVO traded up $0.16 during mid-day trading on Wednesday, hitting $72.18. The stock had a trading volume of 1,547,917 shares, compared to its average volume of 1,859,983. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 257.79, a P/E/G ratio of 15.57 and a beta of 1.48. The company has a 50 day simple moving average of $77.17 and a 200-day simple moving average of $82.25. Qorvo, Inc. has a 52 week low of $64.54 and a 52 week high of $130.99. The company has a current ratio of 2.60, a quick ratio of 1.78 and a debt-to-equity ratio of 0.46.

About Qorvo

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.