SRS Capital Advisors Inc. Has $167,000 Stock Position in Qorvo, Inc. (NASDAQ:QRVO)

SRS Capital Advisors Inc. increased its holdings in Qorvo, Inc. (NASDAQ:QRVO) by 233.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,383 shares of the semiconductor company’s stock after purchasing an additional 1,668 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Qorvo were worth $167,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Mediolanum International Funds Ltd acquired a new position in Qorvo during the 4th quarter worth about $1,177,000. GDS Wealth Management bought a new position in shares of Qorvo during the third quarter worth about $2,171,000. Janney Montgomery Scott LLC lifted its stake in shares of Qorvo by 245.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 14,641 shares of the semiconductor company’s stock worth $1,024,000 after acquiring an additional 10,405 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Qorvo in the third quarter valued at approximately $2,507,000. Finally, Quest Partners LLC increased its position in Qorvo by 504.6% during the 3rd quarter. Quest Partners LLC now owns 11,596 shares of the semiconductor company’s stock valued at $1,198,000 after purchasing an additional 9,678 shares during the period. Institutional investors own 88.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on QRVO. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Qorvo in a research report on Wednesday, January 29th. Stifel Nicolaus dropped their target price on shares of Qorvo from $95.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Barclays lowered their price objective on Qorvo from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Morgan Stanley upgraded Qorvo from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $90.00 to $106.00 in a research report on Tuesday, January 21st. Finally, StockNews.com upgraded Qorvo from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Qorvo presently has an average rating of “Hold” and an average target price of $95.84.

Qorvo Price Performance

QRVO stock opened at $71.14 on Thursday. The company has a market capitalization of $6.64 billion, a P/E ratio of 254.07, a price-to-earnings-growth ratio of 15.57 and a beta of 1.48. Qorvo, Inc. has a 52-week low of $64.54 and a 52-week high of $130.99. The business has a 50-day simple moving average of $76.99 and a two-hundred day simple moving average of $85.14. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.78 and a current ratio of 2.60.

Qorvo 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.