Natixis Advisors LLC Has $3.55 Million Position in Qorvo, Inc. (NASDAQ:QRVO)

Natixis Advisors LLC reduced its holdings in Qorvo, Inc. (NASDAQ:QRVO) by 23.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,813 shares of the semiconductor company’s stock after selling 15,315 shares during the period. Natixis Advisors LLC owned approximately 0.05% of Qorvo worth $3,553,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Alexander Randolph Advisory Inc. raised its holdings in Qorvo by 1.0% in the fourth quarter. Alexander Randolph Advisory Inc. now owns 13,592 shares of the semiconductor company’s stock worth $950,000 after purchasing an additional 140 shares during the period. Martingale Asset Management L P raised its holdings in Qorvo by 1.0% in the third quarter. Martingale Asset Management L P now owns 19,061 shares of the semiconductor company’s stock worth $1,969,000 after purchasing an additional 181 shares during the period. Truvestments Capital LLC raised its holdings in Qorvo by 7.2% in the fourth quarter. Truvestments Capital LLC now owns 2,768 shares of the semiconductor company’s stock worth $194,000 after purchasing an additional 185 shares during the period. Larson Financial Group LLC raised its holdings in Qorvo by 163.4% in the third quarter. Larson Financial Group LLC now owns 324 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 201 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Qorvo by 0.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 27,841 shares of the semiconductor company’s stock worth $2,876,000 after purchasing an additional 215 shares during the period. 88.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Piper Sandler upgraded shares of Qorvo from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $85.00 to $110.00 in a report on Monday, January 27th. The Goldman Sachs Group lowered their price objective on shares of Qorvo from $99.00 to $78.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Stifel Nicolaus lowered their price objective on shares of Qorvo from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. Loop Capital increased their price objective on shares of Qorvo from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley raised shares of Qorvo from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $90.00 to $106.00 in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $95.84.

Qorvo Stock Performance

Shares of QRVO opened at $71.80 on Friday. The firm has a 50-day moving average of $77.14 and a 200-day moving average of $81.62. Qorvo, Inc. has a one year low of $64.54 and a one year high of $130.99. The company has a market cap of $6.71 billion, a PE ratio of 256.43, a price-to-earnings-growth ratio of 15.57 and a beta of 1.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.60 and a quick ratio of 1.78.

About Qorvo

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.