Qorvo, Inc. (NASDAQ:QRVO) VP James L. Klein sold 4,120 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $68.41, for a total transaction of $281,849.20. Following the completion of the transaction, the vice president now directly owns 36,358 shares of the company’s stock, valued at $2,487,250.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Qorvo, Inc. (NASDAQ:QRVO) traded down 0.14% during midday trading on Wednesday, hitting $69.06. 865,424 shares of the company traded hands. Qorvo, Inc. has a 52 week low of $48.28 and a 52 week high of $79.34. The stock’s market capitalization is $8.77 billion. The company has a 50-day moving average price of $67.57 and a 200-day moving average price of $68.60.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.80 by $0.07. The firm had revenue of $640.80 million during the quarter, compared to analyst estimates of $632.18 million. Qorvo had a negative net margin of 1.40% and a positive return on equity of 10.10%. Qorvo’s revenue was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 EPS. Analysts anticipate that Qorvo, Inc. will post $5.54 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of QRVO. Benjamin F. Edwards & Company Inc. raised its position in Qorvo by 49.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,664 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 552 shares during the period. IFP Advisors Inc raised its position in Qorvo by 46.7% in the first quarter. IFP Advisors Inc now owns 2,105 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 670 shares during the period. Federated Investors Inc. PA raised its position in Qorvo by 4.0% in the second quarter. Federated Investors Inc. PA now owns 2,323 shares of the semiconductor company’s stock valued at $147,000 after buying an additional 90 shares during the period. NEXT Financial Group Inc raised its position in Qorvo by 2.1% in the second quarter. NEXT Financial Group Inc now owns 2,370 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 49 shares during the period. Finally, Global X Management Co. LLC raised its position in Qorvo by 400.9% in the second quarter. Global X Management Co. LLC now owns 2,795 shares of the semiconductor company’s stock valued at $177,000 after buying an additional 2,237 shares during the period. Hedge funds and other institutional investors own 97.39% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Needham & Company LLC increased their price target on shares of Qorvo from $70.00 to $86.00 and gave the stock a “buy” rating in a research note on Friday, May 26th. Cowen and Company reissued a “market perform” rating and issued a $85.00 price target (up from $74.00) on shares of Qorvo in a research note on Friday, May 26th. Mizuho reissued a “neutral” rating and issued a $72.00 price target (up from $68.00) on shares of Qorvo in a research note on Sunday, May 28th. MKM Partners reissued a “buy” rating and issued a $90.00 price target (up from $78.00) on shares of Qorvo in a research note on Tuesday, May 30th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $63.00 price target on shares of Qorvo in a research note on Monday, June 12th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $73.28.

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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