Qorvo, Inc. (NASDAQ:QRVO) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd raised its stake in shares of Qorvo, Inc. (NASDAQ:QRVO) by 163.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,810 shares of the semiconductor company’s stock after buying an additional 5,471 shares during the quarter. XTX Topco Ltd’s holdings in Qorvo were worth $1,022,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Qorvo during the 2nd quarter valued at $29,000. EverSource Wealth Advisors LLC grew its holdings in Qorvo by 81.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 257 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 115 shares during the last quarter. Park Place Capital Corp grew its holdings in Qorvo by 398.1% during the 1st quarter. Park Place Capital Corp now owns 259 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 207 shares during the last quarter. Versant Capital Management Inc grew its holdings in Qorvo by 9,333.3% during the 2nd quarter. Versant Capital Management Inc now owns 283 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 280 shares during the last quarter. Finally, New Millennium Group LLC acquired a new stake in Qorvo during the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 88.57% of the company’s stock.

Insider Buying and Selling at Qorvo

In other Qorvo news, VP Gina Harrison sold 689 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $107.67, for a total value of $74,184.63. Following the transaction, the vice president now directly owns 21,601 shares of the company’s stock, valued at $2,325,779.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Susquehanna decreased their price objective on Qorvo from $145.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. StockNews.com cut Qorvo from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Craig Hallum raised their price objective on Qorvo from $124.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Needham & Company LLC raised their price objective on Qorvo from $110.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Raymond James raised their price objective on Qorvo from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Qorvo presently has an average rating of “Hold” and a consensus target price of $121.00.

Qorvo Trading Down 0.9 %

NASDAQ:QRVO opened at $102.26 on Friday. The business’s 50-day moving average is $112.02 and its two-hundred day moving average is $110.40. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.95 and a quick ratio of 1.36. Qorvo, Inc. has a 12 month low of $80.62 and a 12 month high of $130.99. The firm has a market capitalization of $9.70 billion, a PE ratio of -140.08, a price-to-earnings-growth ratio of 1.23 and a beta of 1.46.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.71 by $0.16. Qorvo had a positive return on equity of 14.92% and a negative net margin of 0.66%. The company had revenue of $886.70 million for the quarter, compared to analyst estimates of $851.95 million. During the same period last year, the company posted $0.03 earnings per share. The firm’s revenue was up 36.2% compared to the same quarter last year. Research analysts predict that Qorvo, Inc. will post 4.8 earnings per share for the current fiscal year.

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.