Daiwa Securities Group Inc. Purchases 896 Shares of Qorvo, Inc. (NASDAQ:QRVO)

Daiwa Securities Group Inc. boosted its position in Qorvo, Inc. (NASDAQ:QRVO) by 10.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,175 shares of the semiconductor company’s stock after purchasing an additional 896 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Qorvo were worth $1,033,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in QRVO. CWM LLC raised its holdings in Qorvo by 6.3% in the 3rd quarter. CWM LLC now owns 3,022 shares of the semiconductor company’s stock valued at $288,000 after acquiring an additional 179 shares in the last quarter. Oak Thistle LLC raised its holdings in Qorvo by 51.4% in the 3rd quarter. Oak Thistle LLC now owns 12,156 shares of the semiconductor company’s stock valued at $1,161,000 after acquiring an additional 4,125 shares in the last quarter. Czech National Bank raised its holdings in Qorvo by 44.7% in the 3rd quarter. Czech National Bank now owns 17,113 shares of the semiconductor company’s stock valued at $1,634,000 after acquiring an additional 5,289 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Qorvo in the 3rd quarter valued at $1,011,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Qorvo by 7.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 242,836 shares of the semiconductor company’s stock valued at $23,184,000 after acquiring an additional 17,370 shares in the last quarter. 88.57% of the stock is currently owned by institutional investors.

Insider Activity at Qorvo

In related news, SVP Paul J. Fego sold 3,027 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $114.00, for a total transaction of $345,078.00. Following the sale, the senior vice president now owns 29,705 shares in the company, valued at approximately $3,386,370. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Paul J. Fego sold 3,027 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $114.00, for a total transaction of $345,078.00. Following the sale, the senior vice president now owns 29,705 shares in the company, valued at approximately $3,386,370. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Gina Harrison sold 354 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $114.00, for a total value of $40,356.00. Following the sale, the vice president now owns 18,442 shares in the company, valued at approximately $2,102,388. The disclosure for this sale can be found here. Insiders have sold a total of 6,381 shares of company stock worth $745,434 in the last 90 days. Corporate insiders own 0.43% of the company’s stock.

Qorvo Trading Up 3.9 %

NASDAQ QRVO opened at $112.15 on Thursday. The business’s 50-day moving average price is $113.53 and its two-hundred day moving average price is $104.79. Qorvo, Inc. has a 12 month low of $80.62 and a 12 month high of $121.65. The company has a current ratio of 1.90, a quick ratio of 1.33 and a debt-to-equity ratio of 0.43.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.47. Qorvo had a positive return on equity of 10.41% and a negative net margin of 6.11%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1 billion. Sell-side analysts expect that Qorvo, Inc. will post 4.95 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on QRVO shares. Craig Hallum boosted their price target on Qorvo from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Barclays boosted their price target on Qorvo from $95.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. The Goldman Sachs Group boosted their price target on Qorvo from $104.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Susquehanna reissued a “neutral” rating and set a $100.00 price target on shares of Qorvo in a report on Monday, April 8th. Finally, Rosenblatt Securities boosted their price target on Qorvo from $95.00 to $105.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $111.53.

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.