Signaturefd LLC Has $34,000 Holdings in Qorvo, Inc. (NASDAQ:QRVO)

Signaturefd LLC trimmed its holdings in Qorvo, Inc. (NASDAQ:QRVO) by 62.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 492 shares of the semiconductor company’s stock after selling 819 shares during the period. Signaturefd LLC’s holdings in Qorvo were worth $34,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Larson Financial Group LLC lifted its holdings in Qorvo by 163.4% during the 3rd quarter. Larson Financial Group LLC now owns 324 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 201 shares during the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Qorvo during the 4th quarter worth about $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Qorvo during the 4th quarter worth about $37,000. Versant Capital Management Inc grew its stake in Qorvo by 89.7% in the 4th quarter. Versant Capital Management Inc now owns 605 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 286 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Qorvo by 67.4% in the 4th quarter. Venturi Wealth Management LLC now owns 621 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 250 shares during the period. 88.57% of the stock is currently owned by institutional investors.

Qorvo Price Performance

Qorvo stock opened at $75.63 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.78 and a current ratio of 2.60. Qorvo, Inc. has a 52 week low of $64.54 and a 52 week high of $130.99. The stock has a market capitalization of $7.06 billion, a P/E ratio of 270.11, a price-to-earnings-growth ratio of 15.57 and a beta of 1.48. The stock has a fifty day moving average of $77.22 and a 200-day moving average of $80.98.

Wall Street Analysts Forecast Growth

QRVO has been the topic of several research reports. Morgan Stanley raised Qorvo from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $90.00 to $106.00 in a research report on Tuesday, January 21st. Citigroup decreased their price objective on Qorvo from $72.00 to $69.00 and set a “sell” rating on the stock in a report on Wednesday, January 29th. The Goldman Sachs Group dropped their target price on Qorvo from $99.00 to $78.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Stifel Nicolaus decreased their price target on shares of Qorvo from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Qorvo from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $95.84.

Qorvo 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.