Qorvo Inc (QRVO) VP Sells $473,820.00 in Stock

Qorvo Inc (NASDAQ:QRVO) VP Steven E. Creviston sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $78.97, for a total value of $473,820.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Qorvo Inc (NASDAQ QRVO) opened at $77.31 on Friday. Qorvo Inc has a 1 year low of $62.68 and a 1 year high of $85.24. The company has a market cap of $9,620.00, a P/E ratio of 368.14, a price-to-earnings-growth ratio of 1.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.62 and a current ratio of 4.72.

Qorvo (NASDAQ:QRVO) last announced its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.60 by $0.09. Qorvo had a net margin of 0.95% and a return on equity of 11.72%. The business had revenue of $845.70 million during the quarter, compared to the consensus estimate of $841.09 million. During the same period in the previous year, the business earned $1.35 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. equities research analysts anticipate that Qorvo Inc will post 4.49 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sentry Investment Management LLC raised its position in Qorvo by 1.4% during the second quarter. Sentry Investment Management LLC now owns 6,648 shares of the semiconductor company’s stock valued at $421,000 after purchasing an additional 95 shares in the last quarter. Advisor Group Inc. raised its position in Qorvo by 5.1% during the second quarter. Advisor Group Inc. now owns 2,584 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 126 shares in the last quarter. Stifel Financial Corp raised its position in Qorvo by 2.3% during the second quarter. Stifel Financial Corp now owns 13,080 shares of the semiconductor company’s stock valued at $830,000 after purchasing an additional 298 shares in the last quarter. Norinchukin Bank The raised its position in Qorvo by 7.4% during the fourth quarter. Norinchukin Bank The now owns 10,176 shares of the semiconductor company’s stock valued at $678,000 after purchasing an additional 703 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in Qorvo by 3.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 25,796 shares of the semiconductor company’s stock valued at $1,718,000 after purchasing an additional 806 shares in the last quarter. Institutional investors and hedge funds own 98.19% of the company’s stock.

A number of equities research analysts have recently issued reports on QRVO shares. Craig Hallum cut Qorvo from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $78.00 to $71.00 in a report on Thursday, November 2nd. Northland Securities cut Qorvo from an “outperform” rating to a “market perform” rating in a report on Thursday, November 2nd. Drexel Hamilton restated a “buy” rating and set a $95.00 price objective on shares of Qorvo in a report on Thursday, November 2nd. Needham & Company LLC restated a “buy” rating and set a $84.00 price objective on shares of Qorvo in a report on Thursday, November 2nd. Finally, Morgan Stanley boosted their price objective on Qorvo from $68.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $80.42.

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Qorvo Company Profile

Qorvo, Inc is a provider of technologies and radio frequency (RF) solutions for mobile, infrastructure and defense and aerospace applications. The Company designs, develops, manufactures and markets its products to the United States and international original equipment manufacturers (OEMs) and original design manufacturers (ODMs).

Insider Buying and Selling by Quarter for Qorvo (NASDAQ:QRVO)

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