Qorvo, Inc. (NASDAQ:QRVO) VP Gina Harrison sold 5,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $73.41, for a total value of $367,050.00. Following the sale, the vice president now owns 17,230 shares of the company’s stock, valued at $1,264,854.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Qorvo, Inc. (NASDAQ QRVO) traded down 2.20% during trading on Friday, reaching $71.61. 707,064 shares of the company’s stock were exchanged. The company’s 50-day moving average is $70.12 and its 200-day moving average is $69.81. The company’s market capitalization is $9.11 billion. Qorvo, Inc. has a 1-year low of $48.28 and a 1-year high of $79.34.

Qorvo (NASDAQ:QRVO) last announced its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.80 by $0.07. The firm had revenue of $640.80 million for the quarter, compared to the consensus estimate of $632.18 million. Qorvo had a negative net margin of 1.40% and a positive return on equity of 10.10%. The business’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 EPS. Equities research analysts expect that Qorvo, Inc. will post $5.54 earnings per share for the current fiscal year.

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A number of analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $86.00 price objective on shares of Qorvo in a report on Friday, May 26th. Cowen and Company restated a “market perform” rating and set a $85.00 price objective (up from $74.00) on shares of Qorvo in a report on Friday, May 26th. MKM Partners restated a “buy” rating and set a $90.00 price objective (up from $78.00) on shares of Qorvo in a report on Tuesday, May 30th. Mizuho restated a “neutral” rating and set a $72.00 price objective (up from $68.00) on shares of Qorvo in a report on Sunday, May 28th. Finally, BMO Capital Markets restated a “hold” rating and set a $63.00 price objective on shares of Qorvo in a report on Monday, June 12th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $73.45.

Institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc raised its holdings in Qorvo by 46.7% in the 1st quarter. IFP Advisors Inc now owns 2,105 shares of the semiconductor company’s stock worth $144,000 after acquiring an additional 670 shares during the period. Federated Investors Inc. PA raised its holdings in Qorvo by 4.0% in the 2nd quarter. Federated Investors Inc. PA now owns 2,323 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 90 shares during the period. NEXT Financial Group Inc raised its holdings in Qorvo by 2.1% in the 2nd quarter. NEXT Financial Group Inc now owns 2,370 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 49 shares during the period. Advisor Group Inc. raised its holdings in Qorvo by 5.1% in the 2nd quarter. Advisor Group Inc. now owns 2,584 shares of the semiconductor company’s stock worth $164,000 after acquiring an additional 126 shares during the period. Finally, Global X Management Co. LLC raised its holdings in Qorvo by 400.9% in the 2nd quarter. Global X Management Co. LLC now owns 2,795 shares of the semiconductor company’s stock worth $177,000 after acquiring an additional 2,237 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

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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