Yousif Capital Management LLC Has $2.67 Million Stock Holdings in Qorvo, Inc. (NASDAQ:QRVO)

Yousif Capital Management LLC grew its position in shares of Qorvo, Inc. (NASDAQ:QRVO) by 181.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,158 shares of the semiconductor company’s stock after buying an additional 24,620 shares during the period. Yousif Capital Management LLC’s holdings in Qorvo were worth $2,668,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Mediolanum International Funds Ltd bought a new position in Qorvo during the fourth quarter worth about $1,177,000. GDS Wealth Management acquired a new position in shares of Qorvo during the 3rd quarter worth approximately $2,171,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Qorvo by 78.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 537,730 shares of the semiconductor company’s stock worth $55,548,000 after purchasing an additional 236,590 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Qorvo by 245.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 14,641 shares of the semiconductor company’s stock valued at $1,024,000 after buying an additional 10,405 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Qorvo in the third quarter valued at approximately $2,507,000. Institutional investors and hedge funds own 88.57% of the company’s stock.

Qorvo Stock Down 2.4 %

Shares of NASDAQ:QRVO opened at $77.03 on Monday. The firm has a market cap of $7.19 billion, a P/E ratio of 275.11, a P/E/G ratio of 15.93 and a beta of 1.41. Qorvo, Inc. has a 12-month low of $64.54 and a 12-month high of $130.99. The business has a fifty day simple moving average of $75.17 and a 200 day simple moving average of $89.47. The company has a quick ratio of 1.78, a current ratio of 2.60 and a debt-to-equity ratio of 0.46.

Insider Buying and Selling

In other news, SVP Philip Chesley sold 4,045 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $70.15, for a total value of $283,756.75. Following the transaction, the senior vice president now owns 30,261 shares in the company, valued at approximately $2,122,809.15. The trade was a 11.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on QRVO shares. Mizuho lifted their price objective on Qorvo from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Bank of America cut their price objective on shares of Qorvo from $115.00 to $80.00 and set an “underperform” rating for the company in a research report on Wednesday, October 30th. Craig Hallum decreased their target price on shares of Qorvo from $142.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Stifel Nicolaus cut their price target on shares of Qorvo from $95.00 to $90.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. Finally, Raymond James cut shares of Qorvo from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Qorvo presently has an average rating of “Hold” and a consensus target price of $95.84.

Qorvo Company Profile

Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.