Apriem Advisors Has $412,000 Holdings in Qorvo, Inc. (QRVO)

Apriem Advisors lessened its stake in shares of Qorvo, Inc. (NASDAQ:QRVO) by 14.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,825 shares of the semiconductor company’s stock after selling 1,000 shares during the period. Apriem Advisors’ holdings in Qorvo were worth $412,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Qorvo by 16.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 433,541 shares of the semiconductor company’s stock valued at $27,452,000 after purchasing an additional 59,712 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Qorvo in the second quarter valued at approximately $814,000. Toronto Dominion Bank boosted its position in shares of Qorvo by 26.1% in the second quarter. Toronto Dominion Bank now owns 43,048 shares of the semiconductor company’s stock valued at $2,725,000 after acquiring an additional 8,911 shares during the period. Janus Henderson Group PLC boosted its position in shares of Qorvo by 424.0% in the second quarter. Janus Henderson Group PLC now owns 77,882 shares of the semiconductor company’s stock valued at $4,932,000 after acquiring an additional 63,019 shares during the period. Finally, Robecosam AG boosted its position in shares of Qorvo by 17.9% in the second quarter. Robecosam AG now owns 165,000 shares of the semiconductor company’s stock valued at $10,608,000 after acquiring an additional 25,000 shares during the period. Institutional investors own 96.74% of the company’s stock.

Qorvo, Inc. (NASDAQ QRVO) opened at $70.10 on Thursday. The company has a market capitalization of $9,126.69, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.21 and a beta of 1.02. Qorvo, Inc. has a 12-month low of $52.05 and a 12-month high of $81.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.80 and a quick ratio of 2.71.

Qorvo (NASDAQ:QRVO) last issued its earnings results on Wednesday, November 1st. The semiconductor company reported $1.52 EPS for the quarter, hitting the consensus estimate of $1.52. The firm had revenue of $821.60 million during the quarter, compared to analysts’ expectations of $810.47 million. Qorvo had a positive return on equity of 10.77% and a negative net margin of 0.59%. Qorvo’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the business earned $1.29 earnings per share. analysts predict that Qorvo, Inc. will post 4.74 EPS for the current year.

In related news, VP James L. Klein sold 2,600 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $70.84, for a total value of $184,184.00. Following the completion of the transaction, the vice president now directly owns 42,993 shares of the company’s stock, valued at $3,045,624.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffery R. Gardner sold 1,700 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $71.95, for a total value of $122,315.00. Following the completion of the transaction, the director now directly owns 33,046 shares of the company’s stock, valued at $2,377,659.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,536 shares of company stock valued at $4,596,830. 0.91% of the stock is owned by company insiders.

Several equities research analysts have recently weighed in on the company. BidaskClub cut Qorvo from a “hold” rating to a “sell” rating in a research report on Wednesday. Cowen reissued a “hold” rating and issued a $85.00 price objective on shares of Qorvo in a research report on Sunday, September 17th. KeyCorp reissued a “hold” rating on shares of Qorvo in a research report on Wednesday, October 11th. Mizuho reissued a “hold” rating and issued a $70.00 price objective on shares of Qorvo in a research report on Monday, October 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $84.00 price objective on shares of Qorvo in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Qorvo presently has a consensus rating of “Hold” and a consensus price target of $76.74.

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Qorvo Profile

Qorvo, Inc is a provider of technologies and radio frequency (RF) solutions for mobile, infrastructure and defense and aerospace applications. The Company designs, develops, manufactures and markets its products to the United States and international original equipment manufacturers (OEMs) and original design manufacturers (ODMs).

Institutional Ownership by Quarter for Qorvo (NASDAQ:QRVO)

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