Paloma Partners Management Co lifted its holdings in Qorvo (NASDAQ:QRVO) by 25.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,141 shares of the semiconductor company’s stock after purchasing an additional 1,629 shares during the period. Paloma Partners Management Co’s holdings in Qorvo were worth $543,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in Qorvo by 67.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 7,887 shares of the semiconductor company’s stock worth $557,000 after buying an additional 3,184 shares during the last quarter. Sei Investments Co. boosted its holdings in Qorvo by 24.5% in the 3rd quarter. Sei Investments Co. now owns 30,000 shares of the semiconductor company’s stock worth $2,120,000 after buying an additional 5,905 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Qorvo by 1.6% in the 3rd quarter. New York State Common Retirement Fund now owns 281,400 shares of the semiconductor company’s stock worth $19,889,000 after buying an additional 4,500 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Qorvo by 50.6% in the 3rd quarter. SG Americas Securities LLC now owns 8,927 shares of the semiconductor company’s stock worth $631,000 after buying an additional 3,001 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Qorvo by 4.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,657,995 shares of the semiconductor company’s stock worth $329,228,000 after buying an additional 194,106 shares during the last quarter. Hedge funds and other institutional investors own 97.55% of the company’s stock.

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In related news, VP Steven E. Creviston sold 6,000 shares of the company’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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel A. Dileo sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $83.97, for a total value of $209,925.00. Following the completion of the transaction, the director now owns 27,282 shares in the company, valued at $2,290,869.54. The disclosure for this sale can be found here. Insiders sold 21,500 shares of company stock worth $1,671,675 over the last quarter. 0.91% of the stock is currently owned by insiders.

Several research firms recently issued reports on QRVO. Barclays lifted their price objective on Qorvo from $75.00 to $87.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. BidaskClub cut Qorvo from a “hold” rating to a “sell” rating in a report on Friday. Morgan Stanley lifted their price objective on Qorvo from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Piper Jaffray Companies began coverage on Qorvo in a report on Monday, February 26th. They issued an “overweight” rating and a $90.00 price objective on the stock. Finally, Summit Redstone cut Qorvo from a “hold” rating to a “sell” rating in a report on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $81.16.

Qorvo (NASDAQ QRVO) opened at $72.65 on Friday. The firm has a market capitalization of $9,383.29, a P/E ratio of 17.01, a PEG ratio of 1.28 and a beta of 0.81. Qorvo has a twelve month low of $62.68 and a twelve month high of $86.84. The company has a current ratio of 4.72, a quick ratio of 3.62 and a debt-to-equity ratio of 0.23.

Qorvo (NASDAQ:QRVO) last issued its earnings results on Wednesday, January 31st. The semiconductor company reported $1.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.09. Qorvo had a return on equity of 11.72% and a net margin of 0.95%. The business had revenue of $845.70 million for the quarter, compared to analysts’ expectations of $841.09 million. During the same period in the previous year, the firm posted $1.35 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. research analysts predict that Qorvo will post 4.49 earnings per share for the current year.

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Qorvo Company Profile

Qorvo, Inc provides radio frequency (RF) solutions and technologies for mobile device, infrastructure, and defense and aerospace applications worldwide. It operates through Mobile Products (MP) and Infrastructure and Defense Products (IDP) segments. The MP segment offers cellular RF and WiFi solutions, bulk acoustic wave (BAW) and surface acoustic wave (SAW) filters, power amplifiers (PA), low noise amplifiers, switches, multi-band PAs and transmit modules, RF power management integrated circuits, diversity receive modules, antenna switch modules, antenna tuning and control solutions, modules incorporating PAs and duplexers, and modules incorporating switches, PAs, and duplexers.

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Institutional Ownership by Quarter for Qorvo (NASDAQ:QRVO)

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