2 weeks Ago By ABMN Staff
Brandes Investment Partners LP increased its position in Qorvo, Inc. ( NASDAQ:QRVO – Free Report ) by 19.0% in the second quarter, Holdings Channel reports.
The firm owned 269,776 shares of the semiconductor company’s stock after purchasing an additional 43,108 shares during the quarter. Brandes Investment Partners LP’s holdings in Qorvo were worth $31,255,000 as of its most recent SEC filing. A number of other hedge funds have also bought and sold shares of QRVO.
Bessemer Group Inc. lifted its holdings in Qorvo by 1,361.9% during the 1st quarter.
Bessemer Group Inc. now owns 13,596 shares of the semiconductor company’s stock worth $1,562,000 after buying an additional 12,666 shares during the last quarter. FIL Ltd raised its position in shares of Qorvo by 4.
5% during the 4th quarter. FIL Ltd now owns 2,778,629 shares of the semiconductor company’s stock valued at $312,901,000 after acquiring an additional 120,213 shares in the last quarter. Daiwa Securities Group Inc.
lifted its stake in Qorvo by 44.4% during the first quarter. Daiwa Securities Group Inc.
now owns 13,247 shares of the semiconductor company’s stock worth $1,521,000 after purchasing an additional 4,072 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Qorvo by 23.8% in the first quarter.
Canada Pension Plan Investment Board now owns 370,200 shares of the semiconductor company’s stock worth $42,510,000 after purchasing an additional 71,200 shares during the period. Finally, Leeward Investments LLC MA increased its stake in Qorvo by 50.6% during the first quarter.
Leeward Investments LLC MA now owns 154,346 shares of the semiconductor company’s stock valued at $17,724,000 after purchasing an additional 51,850 shares during the last quarter. 88.57% of the stock is currently owned by institutional investors and hedge funds.
Qorvo Trading Down 1.3 % Shares of NASDAQ:QRVO opened at $103.60 on Monday.
The company has a 50 day moving average of $109.83 and a 200-day moving average of $109.85.
The company has a current ratio of 1.95, a quick ratio of 1.36 and a debt-to-equity ratio of 0.
44. The firm has a market cap of $9.83 billion, a P/E ratio of -141.
92, a P/E/G ratio of 1.24 and a beta of 1.46.
Qorvo, Inc. has a twelve month low of $80.62 and a twelve month high of $130.
99. Insiders Place Their Bets In other news, VP Gina Harrison sold 689 shares of Qorvo stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $107.
67, for a total value of $74,184.63. Following the transaction, the vice president now owns 21,601 shares of the company’s stock, valued at approximately $2,325,779.
67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . 0.
46% of the stock is owned by company insiders. Wall Street Analysts Forecast Growth Several research analysts have recently commented on the stock. JPMorgan Chase & Co.
lifted their price target on shares of Qorvo from $100.00 to $115.00 and gave the company an “underweight” rating in a report on Wednesday, July 31st.
Barclays upped their target price on Qorvo from $100.00 to $125.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th.
StockNews.com downgraded Qorvo from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Susquehanna lowered their price objective on Qorvo from $145.
00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Finally, Raymond James raised their target price on Qorvo from $115.
00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company.
Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $121.00.
Read Our Latest Stock Report on QRVO Qorvo Company Profile ( 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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