133,100 Shares in Qorvo, Inc. (NASDAQ:QRVO) Purchased by Talos Asset Management LP

Talos Asset Management LP acquired a new stake in Qorvo, Inc. (NASDAQ:QRVO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 133,100 shares of the semiconductor company's stock, valued at approximately $9,308,000. Qorvo comprises 2.2% of Talos Asset Management LP's holdings, making the stock its 17th largest position. Talos Asset Management LP owned about 0.14% of Qorvo as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in shares of Qorvo by 163.4% during the 3rd quarter. Larson Financial Group LLC now owns 324 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 201 shares during the period. Rakuten Securities Inc. acquired a new position in Qorvo during the fourth quarter worth approximately $28,000. SBI Securities Co. Ltd. purchased a new position in Qorvo during the fourth quarter worth approximately $37,000. Versant Capital Management Inc boosted its holdings in shares of Qorvo by 89.7% in the 4th 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 last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Qorvo by 67.4% in the 4th quarter. Venturi Wealth Management LLC now owns 621 shares of the semiconductor company's stock valued at $43,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 88.57% of the company's stock.

Qorvo Stock Up 1.5 %

Shares of QRVO traded up $1.11 during midday trading on Monday, hitting $72.91. The company had a trading volume of 2,018,151 shares, compared to its average volume of 1,910,923. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 260.39, a PEG ratio of 15.57 and a beta of 1.48. The company's 50 day moving average price is $77.14 and its 200 day moving average price is $81.43. The company has a quick ratio of 1.78, a current ratio of 2.60 and a debt-to-equity ratio of 0.46. Qorvo, Inc. has a 52 week low of $64.54 and a 52 week high of $130.99.

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Analyst Ratings Changes

QRVO has been the topic of several research reports. Loop Capital increased their target price on Qorvo from $80.00 to $90.00 and gave the stock a "hold" rating in a research report on Wednesday, January 29th. Morgan Stanley raised shares of Qorvo from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $90.00 to $106.00 in a research report on Tuesday, January 21st. Citigroup reduced their price target on shares of Qorvo from $72.00 to $69.00 and set a "sell" rating on the stock in a research report on Wednesday, January 29th. Mizuho increased their price objective on shares of Qorvo from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Finally, StockNews.com upgraded shares of Qorvo from a "hold" rating to a "buy" rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $95.84.

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.