F&V Capital Management LLC Buys 3,335 Shares of Qorvo, Inc. (NASDAQ:QRVO)

F&V Capital Management LLC increased its stake in Qorvo, Inc. (NASDAQ:QRVO) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 93,538 shares of the semiconductor company’s stock after buying an additional 3,335 shares during the quarter. Qorvo makes up 1.7% of F&V Capital Management LLC’s portfolio, making the stock its 24th biggest position. F&V Capital Management LLC’s holdings in Qorvo were worth $6,541,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of Qorvo by 33.7% during the third quarter. Farther Finance Advisors LLC now owns 413 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 104 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in Qorvo by 5.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,233 shares of the semiconductor company’s stock valued at $231,000 after acquiring an additional 107 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of Qorvo by 3.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,884 shares of the semiconductor company’s stock valued at $401,000 after acquiring an additional 140 shares during the last quarter. Narwhal Capital Management grew its stake in shares of Qorvo by 7.7% in the third quarter. Narwhal Capital Management now owns 2,240 shares of the semiconductor company’s stock worth $231,000 after acquiring an additional 160 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Qorvo by 9.2% during the third quarter. GAMMA Investing LLC now owns 2,040 shares of the semiconductor company’s stock valued at $211,000 after purchasing an additional 172 shares during the last quarter. Institutional investors own 88.57% of the company’s stock.

Qorvo Stock Down 1.6 %

Shares of NASDAQ QRVO opened at $81.66 on Tuesday. The firm’s 50-day moving average price is $74.24 and its 200-day moving average price is $90.68. The company has a current ratio of 2.60, a quick ratio of 1.78 and a debt-to-equity ratio of 0.46. Qorvo, Inc. has a 12-month low of $64.54 and a 12-month high of $130.99. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 291.64, a P/E/G ratio of 16.76 and a beta of 1.41.

Insider Buying and Selling

In related news, SVP Philip Chesley sold 4,045 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $70.15, for a total transaction of $283,756.75. Following the transaction, the senior vice president now directly owns 30,261 shares in the company, valued at approximately $2,122,809.15. This represents a 11.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

QRVO has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of Qorvo in a research note on Wednesday, January 29th. Stifel Nicolaus dropped their target price on Qorvo from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Morgan Stanley raised shares of Qorvo from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $90.00 to $106.00 in a research report on Tuesday, January 21st. Craig Hallum dropped their price objective on shares of Qorvo from $142.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, StockNews.com raised shares of Qorvo from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Qorvo presently has an average rating of “Hold” and an average target price of $95.84.

Qorvo Company Profile

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.