Headlands Technologies LLC Has $960,000 Position in Qorvo, Inc. (NASDAQ:QRVO)

Headlands Technologies LLC grew its position in Qorvo, Inc. (NASDAQ:QRVO) by 198.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,734 shares of the semiconductor company’s stock after buying an additional 9,128 shares during the period. Headlands Technologies LLC’s holdings in Qorvo were worth $960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Mediolanum International Funds Ltd bought a new stake in Qorvo in the fourth quarter valued at approximately $1,177,000. Janney Montgomery Scott LLC increased its holdings in shares of Qorvo by 245.6% during the 4th 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 last quarter. Virtu Financial LLC bought a new stake in Qorvo in the 3rd quarter valued at $1,211,000. F&V Capital Management LLC lifted its holdings in Qorvo by 3.7% during the 4th quarter. F&V Capital Management LLC now owns 93,538 shares of the semiconductor company’s stock valued at $6,541,000 after purchasing an additional 3,335 shares during the last quarter. Finally, Diversified Trust Co bought a new position in Qorvo during the fourth quarter worth $806,000. 88.57% of the stock is owned by institutional investors.

Qorvo Stock Up 0.6 %

Shares of QRVO opened at $72.64 on Thursday. The firm has a 50 day simple moving average of $76.15 and a two-hundred day simple moving average of $79.76. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.60 and a quick ratio of 1.78. Qorvo, Inc. has a one year low of $64.54 and a one year high of $130.99. The company has a market cap of $6.78 billion, a P/E ratio of 259.43, a P/E/G ratio of 15.57 and a beta of 1.43.

Analyst Ratings Changes

Several brokerages have recently weighed in on QRVO. Mizuho increased their price objective on shares of Qorvo from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. StockNews.com raised shares of Qorvo from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. Stifel Nicolaus cut their price objective on shares of Qorvo from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. Loop Capital upped their target price on Qorvo from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley raised Qorvo from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $90.00 to $106.00 in a report on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $95.84.

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.