Qorvo Inc (QRVO) VP Steven E. Creviston Sells 6,000 Shares

Qorvo Inc (NASDAQ:QRVO) VP Steven E. Creviston sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $78.97, for a total value of $473,820.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Qorvo Inc (QRVO) traded down $1.25 during trading on Friday, hitting $77.31. The company had a trading volume of 1,387,212 shares, compared to its average volume of 2,660,000. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.72 and a quick ratio of 3.62. The company has a market cap of $9,620.00, a P/E ratio of 368.14, a PEG ratio of 1.38 and a beta of 1.05. Qorvo Inc has a 1-year low of $62.68 and a 1-year high of $85.24.

Qorvo (NASDAQ:QRVO) last posted its earnings results on Wednesday, January 31st. The semiconductor company reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.09. The business had revenue of $845.70 million during the quarter, compared to the consensus estimate of $841.09 million. Qorvo had a return on equity of 11.72% and a net margin of 0.95%. Qorvo’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $1.35 EPS. sell-side analysts anticipate that Qorvo Inc will post 4.49 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC bought a new position in shares of Qorvo during the 3rd quarter worth approximately $130,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Qorvo by 79.9% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,252 shares of the semiconductor company’s stock valued at $159,000 after purchasing an additional 1,000 shares in the last quarter. Advisor Group Inc. increased its holdings in Qorvo by 5.1% during the 2nd quarter. Advisor Group Inc. now owns 2,584 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 126 shares in the last quarter. Zeke Capital Advisors LLC acquired a new stake in Qorvo during the 3rd quarter valued at $206,000. Finally, Achmea Investment Management B.V. acquired a new stake in Qorvo during the 2nd quarter valued at $188,000. Institutional investors and hedge funds own 98.19% of the company’s stock.

A number of analysts have commented on QRVO shares. BidaskClub downgraded Qorvo from a “hold” rating to a “sell” rating in a research report on Saturday. Summit Redstone downgraded Qorvo from a “hold” rating to a “sell” rating in a research report on Thursday, February 1st. Canaccord Genuity raised their price objective on Qorvo from $81.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Oppenheimer reiterated a “hold” rating on shares of Qorvo in a research report on Thursday, February 1st. Finally, BMO Capital Markets raised their price objective on Qorvo from $63.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $80.42.

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Qorvo Company Profile

Qorvo, Inc is a provider of technologies and radio frequency (RF) solutions for mobile, infrastructure and defense and aerospace applications. The Company designs, develops, manufactures and markets its products to the United States and international original equipment manufacturers (OEMs) and original design manufacturers (ODMs).

Insider Buying and Selling by Quarter for Qorvo (NASDAQ:QRVO)

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