Qorvo, Inc. (NASDAQ:QRVO) VP James L. Klein sold 2,211 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $74.76, for a total value of $165,294.36. Following the completion of the transaction, the vice president now owns 42,604 shares in the company, valued at approximately $3,185,075.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Qorvo, Inc. (NASDAQ:QRVO) traded down $0.62 during midday trading on Tuesday, reaching $71.78. The company’s stock had a trading volume of 1,862,397 shares, compared to its average volume of 1,495,787. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.80 and a quick ratio of 2.71. Qorvo, Inc. has a 52 week low of $52.05 and a 52 week high of $81.20. The firm has a market cap of $9,250.00 and a PE ratio of 18.55.

Qorvo (NASDAQ:QRVO) last announced its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $1.52 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.52. The business had revenue of $821.60 million for the quarter, compared to analyst estimates of $810.47 million. Qorvo had a positive return on equity of 10.77% and a negative net margin of 0.59%. The company’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.29 EPS. research analysts predict that Qorvo, Inc. will post 4.74 earnings per share for the current year.

QRVO has been the topic of several recent research reports. BidaskClub upgraded Qorvo from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research cut Qorvo from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Nomura assumed coverage on Qorvo in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $75.00 price target on the stock. Instinet assumed coverage on Qorvo in a research report on Wednesday, September 6th. They set a “neutral” rating and a $75.00 target price on the stock. Finally, KeyCorp reiterated a “sector perform” rating on shares of Qorvo in a research report on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $76.74.

Several large investors have recently made changes to their positions in QRVO. Louisiana State Employees Retirement System boosted its stake in shares of Qorvo by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the semiconductor company’s stock worth $500,000 after acquiring an additional 100 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Qorvo by 23.5% during the 2nd quarter. Aperio Group LLC now owns 23,605 shares of the semiconductor company’s stock worth $1,495,000 after acquiring an additional 4,496 shares in the last quarter. US Bancorp DE boosted its stake in shares of Qorvo by 139.8% during the 2nd quarter. US Bancorp DE now owns 3,046 shares of the semiconductor company’s stock worth $193,000 after acquiring an additional 1,776 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Qorvo by 14.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 14,366 shares of the semiconductor company’s stock worth $909,000 after acquiring an additional 1,857 shares in the last quarter. Finally, NGAM Advisors L.P. boosted its stake in shares of Qorvo by 2.0% during the 2nd quarter. NGAM Advisors L.P. now owns 81,290 shares of the semiconductor company’s stock worth $5,147,000 after acquiring an additional 1,632 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

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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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