Qorvo, Inc. (NASDAQ:QRVO) VP James L. Klein sold 2,600 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $70.84, for a total transaction of $184,184.00. Following the sale, the vice president now directly owns 42,993 shares in the company, valued at $3,045,624.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Qorvo, Inc. (NASDAQ QRVO) opened at 71.70 on Friday. The company has a 50-day moving average of $71.66 and a 200 day moving average of $70.44. The firm’s market capitalization is $9.13 billion. Qorvo, Inc. has a one year low of $48.28 and a one year high of $79.34.

Qorvo (NASDAQ:QRVO) last posted its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.07. Qorvo had a negative net margin of 1.40% and a positive return on equity of 10.10%. The firm had revenue of $640.80 million for the quarter, compared to analyst estimates of $632.18 million. During the same period in the previous year, the firm posted $1.08 EPS. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, analysts anticipate that Qorvo, Inc. will post $5.53 EPS for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. NEXT Financial Group Inc grew its holdings in Qorvo by 2.1% during the 2nd quarter. NEXT Financial Group Inc now owns 2,370 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 49 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Qorvo by 0.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,442 shares of the semiconductor company’s stock worth $598,000 after acquiring an additional 62 shares during the last quarter. Amalgamated Bank grew its holdings in Qorvo by 0.7% during the 1st quarter. Amalgamated Bank now owns 9,040 shares of the semiconductor company’s stock worth $620,000 after acquiring an additional 64 shares during the last quarter. Federated Investors Inc. PA grew its holdings in Qorvo by 4.0% during the 2nd quarter. Federated Investors Inc. PA now owns 2,323 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 90 shares during the last quarter. Finally, Comerica Bank grew its holdings in Qorvo by 0.3% during the 1st quarter. Comerica Bank now owns 30,858 shares of the semiconductor company’s stock worth $2,195,000 after acquiring an additional 91 shares during the last quarter. 94.34% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on QRVO shares. Instinet started coverage on shares of Qorvo in a research note on Wednesday, September 6th. They set a “neutral” rating and a $75.00 price objective on the stock. Craig Hallum reaffirmed a “buy” rating on shares of Qorvo in a research note on Wednesday, September 13th. BidaskClub cut shares of Qorvo from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. TheStreet cut shares of Qorvo from a “b” rating to a “c” rating in a research note on Wednesday, August 2nd. Finally, Raymond James Financial, Inc. started coverage on shares of Qorvo in a research note on Friday, June 16th. They set an “outperform” rating and a $87.00 price objective on the stock. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. Qorvo presently has a consensus rating of “Hold” and an average price target of $73.45.

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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