Qorvo, Inc. (NASDAQ:QRVO) Stock Holdings Decreased by Marshall Wace LLP

Marshall Wace LLP cut its holdings in shares of Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 18.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,897 shares of the semiconductor company's stock after selling 23,809 shares during the quarter. Marshall Wace LLP owned approximately 0.11% of Qorvo worth $7,196,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new stake in Qorvo during the 4th quarter worth approximately $28,000. Huntington National Bank increased its holdings in Qorvo by 47.1% during the 4th quarter. Huntington National Bank now owns 453 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 145 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Qorvo during the 4th quarter worth approximately $37,000. Versant Capital Management Inc increased its holdings in shares of 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 acquiring an additional 286 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of 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 last quarter. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on QRVO shares. StockNews.com upgraded Qorvo from a "hold" rating to a "buy" rating in a report on Wednesday, January 29th. Stifel Nicolaus lowered their price target on Qorvo from $95.00 to $90.00 and set a "hold" rating for the company in a report on Wednesday, January 29th. Loop Capital upped their price objective on Qorvo from $80.00 to $90.00 and gave the stock a "hold" rating in a research note on Wednesday, January 29th. Mizuho upped their price objective on Qorvo from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Finally, Piper Sandler upgraded Qorvo from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $85.00 to $110.00 in a research note on Monday, January 27th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $94.79.

Qorvo Price Performance

Shares of QRVO traded up $0.02 during mid-day trading on Monday, hitting $63.80. The company's stock had a trading volume of 2,218,772 shares, compared to its average volume of 2,148,715. The firm has a 50-day moving average price of $67.01 and a 200 day moving average price of $73.68. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 227.86, a PEG ratio of 15.57 and a beta of 1.43. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.60 and a quick ratio of 1.78. Qorvo, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $130.99.

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.