Brandes Investment Partners LP raised its holdings in Qorvo, Inc. (NASDAQ:QRVO – Free Report) by 13.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 306,618 shares of the semiconductor company’s stock after purchasing an additional 35,318 shares during the period. Brandes Investment Partners LP’s holdings in Qorvo were worth $21,442,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Amundi grew its holdings in Qorvo by 84.4% in the fourth quarter. Amundi now owns 2,143,858 shares of the semiconductor company’s stock valued at $156,673,000 after purchasing an additional 981,519 shares during the period. Pacer Advisors Inc. grew its holdings in Qorvo by 7.1% in the third quarter. Pacer Advisors Inc. now owns 1,528,748 shares of the semiconductor company’s stock valued at $157,920,000 after purchasing an additional 101,742 shares during the period. KBC Group NV grew its holdings in Qorvo by 144.8% in the fourth quarter. KBC Group NV now owns 1,077,196 shares of the semiconductor company’s stock valued at $75,328,000 after purchasing an additional 637,087 shares during the period. Wealthfront Advisers LLC grew its holdings in Qorvo by 8,535.6% in the fourth quarter. Wealthfront Advisers LLC now owns 931,690 shares of the semiconductor company’s stock valued at $65,153,000 after purchasing an additional 920,901 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in Qorvo by 140.2% in the third quarter. Thrivent Financial for Lutherans now owns 835,336 shares of the semiconductor company’s stock valued at $86,290,000 after purchasing an additional 487,621 shares during the period. 88.57% of the stock is owned by institutional investors and hedge funds.
Qorvo Price Performance
NASDAQ:QRVO opened at $71.39 on Friday. Qorvo, Inc. has a 52 week low of $64.54 and a 52 week high of $130.99. The company has a quick ratio of 1.78, a current ratio of 2.60 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $6.67 billion, a P/E ratio of 254.96, a P/E/G ratio of 15.57 and a beta of 1.48. The stock’s fifty day moving average is $77.17 and its two-hundred day moving average is $83.55.
Analyst Upgrades and Downgrades
View Our Latest Report on Qorvo
Qorvo Company 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.
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