Kopp Investment Advisors LLC lessened its stake in shares of Qorvo Inc (NASDAQ:QRVO) by 16.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,674 shares of the semiconductor company’s stock after selling 5,256 shares during the period. Qorvo accounts for approximately 1.8% of Kopp Investment Advisors LLC’s portfolio, making the stock its 19th biggest position. Kopp Investment Advisors LLC’s holdings in Qorvo were worth $1,776,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Robecosam AG raised its holdings in shares of Qorvo by 82.8% during the 4th quarter. Robecosam AG now owns 265,000 shares of the semiconductor company’s stock worth $17,850,000 after acquiring an additional 120,000 shares during the period. QVT Financial LP purchased a new position in shares of Qorvo during the 4th quarter worth $6,993,000. HPM Partners LLC raised its holdings in shares of Qorvo by 65.3% during the 4th quarter. HPM Partners LLC now owns 62,093 shares of the semiconductor company’s stock worth $4,135,000 after acquiring an additional 24,530 shares during the period. Guggenheim Capital LLC raised its holdings in shares of Qorvo by 63.9% during the 4th quarter. Guggenheim Capital LLC now owns 1,339,659 shares of the semiconductor company’s stock worth $89,223,000 after acquiring an additional 522,526 shares during the period. Finally, Brandywine Global Investment Management LLC raised its holdings in shares of Qorvo by 2.9% during the 4th quarter. Brandywine Global Investment Management LLC now owns 114,995 shares of the semiconductor company’s stock worth $7,659,000 after acquiring an additional 3,270 shares during the period. Institutional investors and hedge funds own 97.58% of the company’s stock.
In other Qorvo news, Director Daniel A. Dileo sold 2,500 shares of Qorvo stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $83.97, for a total value of $209,925.00. Following the completion of the transaction, the director now directly owns 27,282 shares of the company’s stock, valued at approximately $2,290,869.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert A. Bruggeworth sold 5,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $65.57, for a total value of $327,850.00. Following the transaction, the insider now directly owns 185,344 shares of the company’s stock, valued at $12,153,006.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,500 shares of company stock valued at $1,915,645. 0.91% of the stock is currently owned by corporate insiders.
Qorvo Inc (QRVO) opened at $85.61 on Monday. The firm has a market capitalization of $10,820.00, a PE ratio of 88.15, a price-to-earnings-growth ratio of 1.50 and a beta of 0.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.72 and a quick ratio of 3.62. Qorvo Inc has a 52-week low of $62.68 and a 52-week high of $85.61.
Qorvo (NASDAQ:QRVO) last released its earnings results on Wednesday, January 31st. The semiconductor company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.09. The company 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 EPS. equities research analysts anticipate that Qorvo Inc will post 4.49 earnings per share for the current year.
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).
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