Qorvo, Inc. (NASDAQ:QRVO) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in Qorvo, Inc. (NASDAQ:QRVO) by 245.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,641 shares of the semiconductor company’s stock after purchasing an additional 10,405 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Qorvo were worth $1,024,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Larson Financial Group LLC grew its holdings in Qorvo by 163.4% in the 3rd quarter. Larson Financial Group LLC now owns 324 shares of the semiconductor company’s stock worth $33,000 after buying an additional 201 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Qorvo in the third quarter worth $41,000. Versant Capital Management Inc grew its stake in shares of Qorvo by 89.7% in the fourth quarter. Versant Capital Management Inc now owns 605 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 286 shares in the last quarter. Farther Finance Advisors LLC increased its holdings 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 purchasing an additional 104 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Qorvo by 33.8% during the third quarter. UMB Bank n.a. now owns 736 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 186 shares in the last quarter. Institutional investors own 88.57% of the company’s stock.

Qorvo Stock Up 0.9 %

QRVO stock opened at $82.59 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.60 and a quick ratio of 1.78. The firm has a market capitalization of $7.71 billion, a P/E ratio of 294.96, a P/E/G ratio of 16.76 and a beta of 1.41. Qorvo, Inc. has a 52-week low of $64.54 and a 52-week high of $130.99. The company’s 50 day simple moving average is $74.80 and its 200-day simple moving average is $90.35.

Insider Buying and Selling at Qorvo

In other news, SVP Philip Chesley sold 4,045 shares of Qorvo stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $70.15, for a total transaction of $283,756.75. Following the transaction, the senior vice president now owns 30,261 shares in the company, valued at approximately $2,122,809.15. The trade was a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on QRVO shares. StockNews.com upgraded shares of Qorvo from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th. Susquehanna decreased their price objective on shares of Qorvo from $115.00 to $90.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. UBS Group dropped their target price on Qorvo from $115.00 to $90.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. BNP Paribas lowered Qorvo from an “outperform” rating to a “neutral” rating and set a $80.00 price target for the company. in a research note on Wednesday, October 30th. Finally, Mizuho lifted their price target on Qorvo from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Three investment 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $95.84.

About Qorvo

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.