Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Position in Qorvo, Inc. (NASDAQ:QRVO)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Qorvo, Inc. (NASDAQ:QRVO) by 9.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,100 shares of the semiconductor company’s stock after buying an additional 900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Qorvo were worth $706,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of QRVO. Larson Financial Group LLC raised its position in Qorvo by 163.4% during 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 during the last quarter. Versant Capital Management Inc raised its position in Qorvo by 89.7% during the 4th quarter. Versant Capital Management Inc now owns 605 shares of the semiconductor company’s stock worth $42,000 after buying an additional 286 shares during the last quarter. Farther Finance Advisors LLC raised its position in Qorvo by 33.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 413 shares of the semiconductor company’s stock worth $43,000 after buying an additional 104 shares during the last quarter. Venturi Wealth Management LLC raised its position in Qorvo by 67.4% during the 4th quarter. Venturi Wealth Management LLC now owns 621 shares of the semiconductor company’s stock worth $43,000 after buying an additional 250 shares during the last quarter. Finally, CENTRAL TRUST Co raised its position in Qorvo by 2,621.4% during the 4th quarter. CENTRAL TRUST Co now owns 762 shares of the semiconductor company’s stock worth $53,000 after buying an additional 734 shares during the last quarter. 88.57% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Qorvo news, SVP Philip Chesley sold 4,045 shares of Qorvo stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $70.15, for a total transaction of $283,756.75. Following the sale, the senior vice president now owns 30,261 shares of the company’s stock, valued at $2,122,809.15. The trade was a 11.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Qorvo Price Performance

Shares of NASDAQ QRVO opened at $74.54 on Thursday. The firm has a market cap of $6.96 billion, a PE ratio of 266.21, a PEG ratio of 15.57 and a beta of 1.41. The firm has a fifty day moving average of $77.00 and a 200 day moving average of $86.42. 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, Inc. has a one year low of $64.54 and a one year high of $130.99.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Raymond James lowered shares of Qorvo from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. BNP Paribas lowered shares of Qorvo from an “outperform” rating to a “neutral” rating and set a $80.00 target price for the company. in a report on Wednesday, October 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Qorvo in a report on Wednesday, January 29th. StockNews.com raised shares of Qorvo from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. Finally, Benchmark reaffirmed a “hold” rating on shares of Qorvo 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.