Qorvo, Inc. (NASDAQ:QRVO) Shares Purchased by Achmea Investment Management B.V.

Achmea Investment Management B.V. lifted its position in Qorvo, Inc. (NASDAQ:QRVO) by 108.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,093 shares of the semiconductor company’s stock after acquiring an additional 11,477 shares during the period. Achmea Investment Management B.V.’s holdings in Qorvo were worth $1,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC boosted its stake in shares of 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 acquiring an additional 201 shares during the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Qorvo in the fourth quarter worth approximately $28,000. Farther Finance Advisors LLC boosted its stake in shares of Qorvo by 33.7% in 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 during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Qorvo in the fourth quarter worth approximately $37,000. Finally, Versant Capital Management Inc boosted its stake in shares of Qorvo by 89.7% in the fourth quarter. Versant Capital Management Inc now owns 605 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 286 shares during the last quarter. 88.57% of the stock is owned by institutional investors and hedge funds.

Qorvo Price Performance

QRVO opened at $71.39 on Friday. The stock’s 50-day moving average price is $77.17 and its 200 day moving average price is $83.55. Qorvo, Inc. has a 12-month low of $64.54 and a 12-month high of $130.99. The company has a current ratio of 2.60, a quick ratio of 1.78 and a debt-to-equity ratio of 0.46. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 254.96, a PEG ratio of 15.57 and a beta of 1.48.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Morgan Stanley raised Qorvo from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $90.00 to $106.00 in a research note on Tuesday, January 21st. Benchmark reissued a “hold” rating on shares of Qorvo in a research note on Wednesday, January 29th. Citigroup lowered their price objective on Qorvo from $72.00 to $69.00 and set a “sell” rating on the stock in a research note on Wednesday, January 29th. Piper Sandler raised Qorvo from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $85.00 to $110.00 in a research note on Monday, January 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of Qorvo in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.