Xponance Inc. reduced its stake in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 28.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,401 shares of the semiconductor company's stock after selling 3,692 shares during the period. Xponance Inc.'s holdings in Qorvo were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in QRVO. Alexander Randolph Advisory Inc. raised its holdings in shares of Qorvo by 1.0% in the 4th quarter. Alexander Randolph Advisory Inc. now owns 13,592 shares of the semiconductor company's stock worth $950,000 after purchasing an additional 140 shares in the last quarter. Martingale Asset Management L P increased its holdings in shares of Qorvo by 1.0% in the third quarter. Martingale Asset Management L P now owns 19,061 shares of the semiconductor company's stock valued at $1,969,000 after buying an additional 181 shares in the last quarter. Truvestments Capital LLC increased its holdings in shares of Qorvo by 7.2% in the fourth quarter. Truvestments Capital LLC now owns 2,768 shares of the semiconductor company's stock valued at $194,000 after buying an additional 185 shares in the last quarter. Larson Financial Group LLC lifted its position 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 valued at $33,000 after acquiring an additional 201 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Qorvo by 0.8% during the 3rd 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 currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently commented on QRVO shares. Loop Capital upped their target price on Qorvo from $80.00 to $90.00 and gave the company a "hold" rating in a report on Wednesday, January 29th. Mizuho lifted their target price 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. Barclays reduced their price target on shares of Qorvo from $90.00 to $80.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. StockNews.com raised shares of Qorvo from a "hold" rating to a "buy" rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group decreased their target price on Qorvo from $99.00 to $78.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $95.84.
Read Our Latest Report on QRVO
Qorvo Stock Performance
Shares of Qorvo stock traded down $2.19 on Friday, reaching $71.50. The stock had a trading volume of 2,241,764 shares, compared to its average volume of 2,007,474. 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 business's 50-day moving average price is $76.98 and its two-hundred day moving average price is $80.48. The stock has a market cap of $6.68 billion, a P/E ratio of 255.36, a price-to-earnings-growth ratio of 15.57 and a beta of 1.48. Qorvo, Inc. has a fifty-two week low of $64.54 and a fifty-two week high of $130.99.
Qorvo Profile
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Free Report)
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.
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