Qorvo, Inc. (NASDAQ:QRVO) VP Steven E. Creviston sold 6,000 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $72.27, for a total value of $433,620.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Qorvo, Inc. (QRVO) traded down 0.36% during mid-day trading on Tuesday, reaching $72.27. The company’s stock had a trading volume of 1,020,884 shares. The firm’s market capitalization is $9.20 billion. Qorvo, Inc. has a 52 week low of $48.28 and a 52 week high of $79.34. The firm’s 50 day moving average price is $72.06 and its 200 day moving average price is $70.71.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.07. The business had revenue of $640.80 million during the quarter, compared to analyst estimates of $632.18 million. Qorvo had a positive return on equity of 10.10% and a negative net margin of 1.40%. The company’s revenue was down 8.3% compared to the same quarter last year. During the same period last year, the company posted $1.08 EPS. On average, analysts anticipate that Qorvo, Inc. will post $5.52 EPS for the current fiscal year.

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QRVO has been the topic of a number of recent analyst reports. Nomura initiated coverage on Qorvo in a report on Tuesday, September 5th. They set a “neutral” rating and a $75.00 price objective on the stock. BidaskClub lowered Qorvo from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Instinet initiated coverage on Qorvo in a report on Wednesday, September 6th. They set a “neutral” rating and a $75.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $86.00 price objective on shares of Qorvo in a report on Sunday, September 17th. Finally, Zacks Investment Research lowered Qorvo from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company’s stock. Qorvo presently has a consensus rating of “Hold” and a consensus target price of $73.45.

Institutional investors have recently modified their holdings of the company. Federated Investors Inc. PA boosted its position in shares of Qorvo by 4.0% in the second quarter. Federated Investors Inc. PA now owns 2,323 shares of the semiconductor company’s stock worth $147,000 after buying an additional 90 shares during the period. NEXT Financial Group Inc boosted its position in shares of Qorvo by 2.1% in the second quarter. NEXT Financial Group Inc now owns 2,370 shares of the semiconductor company’s stock worth $150,000 after buying an additional 49 shares during the period. Advisor Group Inc. boosted its position in shares of Qorvo by 5.1% in the second quarter. Advisor Group Inc. now owns 2,584 shares of the semiconductor company’s stock worth $164,000 after buying an additional 126 shares during the period. Global X Management Co. LLC boosted its position in shares of Qorvo by 400.9% in the second quarter. Global X Management Co. LLC now owns 2,795 shares of the semiconductor company’s stock worth $177,000 after buying an additional 2,237 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Qorvo by 180.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,800 shares of the semiconductor company’s stock worth $192,000 after buying an additional 1,800 shares during the period. 94.35% of the stock is owned by institutional investors and hedge funds.

About Qorvo

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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