Vinva Investment Management Ltd Has $238,000 Stock Holdings in Qorvo, Inc. (NASDAQ:QRVO)

Vinva Investment Management Ltd lessened its holdings in Qorvo, Inc. (NASDAQ:QRVO) by 49.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,415 shares of the semiconductor company’s stock after selling 3,340 shares during the period. Vinva Investment Management Ltd’s holdings in Qorvo were worth $238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Mediolanum International Funds Ltd acquired a new stake in Qorvo during the fourth quarter valued at $1,177,000. Janney Montgomery Scott LLC boosted its position in Qorvo by 245.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,641 shares of the semiconductor company’s stock valued at $1,024,000 after purchasing an additional 10,405 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Qorvo during the third quarter valued at $2,507,000. Virtu Financial LLC acquired a new stake in Qorvo during the third quarter valued at $1,211,000. Finally, Paloma Partners Management Co acquired a new stake in Qorvo during the third quarter valued at $5,165,000. Institutional investors and hedge funds own 88.57% of the company’s stock.

Qorvo Trading Down 0.8 %

Qorvo stock opened at $71.80 on Friday. Qorvo, Inc. has a 52 week low of $64.54 and a 52 week high of $130.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.78 and a current ratio of 2.60. The firm has a market capitalization of $6.71 billion, a PE ratio of 256.43, a PEG ratio of 15.57 and a beta of 1.48. The business’s 50-day simple moving average is $77.14 and its 200-day simple moving average is $81.80.

Wall Street Analyst Weigh In

QRVO has been the subject of a number of research reports. Barclays reduced their price objective on Qorvo from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Citigroup reduced their price objective on Qorvo from $72.00 to $69.00 and set a “sell” rating for the company in a research report on Wednesday, January 29th. Stifel Nicolaus cut their target price on Qorvo from $95.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. StockNews.com upgraded Qorvo from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. Finally, Mizuho raised their target price on Qorvo from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.