Qorvo's (QRVO) "Neutral" Rating Reiterated at Susquehanna

Susquehanna reissued their neutral rating on shares of Qorvo (NASDAQ:QRVO - Free Report) in a research note released on Monday, Benzinga reports. They currently have a $100.00 price target on the semiconductor company's stock.

Several other equities research analysts also recently commented on the stock. Needham & Company LLC reiterated a buy rating and set a $125.00 target price on shares of Qorvo in a research report on Thursday, February 1st. Barclays lifted their target price on shares of Qorvo from $95.00 to $100.00 and gave the stock an equal weight rating in a research report on Tuesday, January 16th. JPMorgan Chase & Co. lifted their target price on shares of Qorvo from $95.00 to $105.00 and gave the stock an underweight rating in a research report on Thursday, February 1st. Craig Hallum lifted their target price on shares of Qorvo from $110.00 to $125.00 and gave the stock a buy rating in a research report on Thursday, February 1st. Finally, StockNews.com downgraded shares of Qorvo from a buy rating to a hold rating in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average price target of $111.53.

Qorvo Price Performance

Shares of Qorvo stock traded down $0.63 during midday trading on Monday, hitting $114.46. 639,991 shares of the company traded hands, compared to its average volume of 1,283,964. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of -53.24, a PEG ratio of 0.88 and a beta of 1.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.33 and a current ratio of 1.90. The firm's fifty day moving average price is $112.94 and its 200-day moving average price is $103.57. Qorvo has a 12 month low of $80.62 and a 12 month high of $121.65.

Qorvo (NASDAQ:QRVO - Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.47. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1 billion. Qorvo had a negative net margin of 6.11% and a positive return on equity of 10.41%. As a group, sell-side analysts forecast that Qorvo will post 4.95 earnings per share for the current year.

Insider Buying and Selling at Qorvo

In other Qorvo news, VP Gina Harrison sold 354 shares of the business's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $114.00, for a total transaction of $40,356.00. Following the completion of the sale, the vice president now owns 18,442 shares in the company, valued at approximately $2,102,388. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Qorvo news, VP Gina Harrison sold 354 shares of the business's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $114.00, for a total transaction of $40,356.00. Following the completion of the sale, the vice president now owns 18,442 shares in the company, valued at approximately $2,102,388. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Steven E. Creviston sold 3,000 shares of the business's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $120.00, for a total transaction of $360,000.00. Following the sale, the senior vice president now owns 77,552 shares of the company's stock, valued at approximately $9,306,240. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,381 shares of company stock worth $745,434. 0.43% of the stock is owned by corporate insiders.

Institutional Trading of Qorvo

Several institutional investors have recently made changes to their positions in QRVO. Parkside Financial Bank & Trust grew its position in Qorvo by 106.4% during the first quarter. Parkside Financial Bank & Trust now owns 225 shares of the semiconductor company's stock valued at $28,000 after buying an additional 116 shares during the period. Resurgent Financial Advisors LLC bought a new position in Qorvo during the fourth quarter valued at about $34,000. Zions Bancorporation N.A. grew its position in Qorvo by 3,833.3% during the first quarter. Zions Bancorporation N.A. now owns 472 shares of the semiconductor company's stock valued at $59,000 after buying an additional 460 shares during the period. RVW Wealth LLC bought a new position in Qorvo during the third quarter valued at about $53,000. Finally, Huntington National Bank grew its position in Qorvo by 8,090.0% during the third quarter. Huntington National Bank now owns 819 shares of the semiconductor company's stock valued at $78,000 after buying an additional 809 shares during the period. Institutional investors own 88.57% of the company's stock.

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.