D.A. Davidson & CO. Has $224,000 Holdings in Qorvo, Inc. (NASDAQ:QRVO)

D.A. Davidson & CO. trimmed its position in shares of Qorvo, Inc. (NASDAQ:QRVO) by 24.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,205 shares of the semiconductor company’s stock after selling 1,065 shares during the quarter. D.A. Davidson & CO.’s holdings in Qorvo were worth $224,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC increased its stake 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 in the last quarter. Versant Capital Management Inc grew its holdings in shares of Qorvo by 89.7% during the fourth 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. Farther Finance Advisors LLC increased its position in shares of Qorvo by 33.7% during the third quarter. Farther Finance Advisors LLC now owns 413 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 104 shares in the last quarter. CENTRAL TRUST Co raised its holdings in shares of Qorvo by 2,621.4% in the 4th quarter. CENTRAL TRUST Co now owns 762 shares of the semiconductor company’s stock worth $53,000 after acquiring an additional 734 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new position in Qorvo in the 4th quarter valued at about $70,000. 88.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on QRVO shares. Barclays decreased their price objective on Qorvo from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Benchmark reiterated a “hold” rating on shares of Qorvo in a report on Wednesday, January 29th. The Goldman Sachs Group dropped their price objective on Qorvo from $99.00 to $78.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Stifel Nicolaus cut their price objective on shares of Qorvo from $95.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Qorvo in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $95.84.

Insiders Place Their Bets

In other news, SVP Philip Chesley sold 4,045 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $70.15, for a total transaction of $283,756.75. Following the completion of the transaction, the senior vice president now owns 30,261 shares in the company, valued at approximately $2,122,809.15. This represents a 11.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.

Qorvo Trading Down 4.8 %

Shares of QRVO stock opened at $70.96 on Friday. Qorvo, Inc. has a 12-month low of $64.54 and a 12-month high of $130.99. The company has a quick ratio of 1.78, a current ratio of 2.60 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $77.04 and a 200-day moving average of $86.31. The firm has a market cap of $6.63 billion, a P/E ratio of 253.43, a PEG ratio of 15.57 and a beta of 1.41.

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.