Natixis Cuts Position in Qorvo, Inc. (NASDAQ:QRVO)

Natixis lessened its position in shares of Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 81.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,280 shares of the semiconductor company's stock after selling 92,379 shares during the quarter. Natixis' holdings in Qorvo were worth $1,488,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new position in Qorvo during the 4th quarter worth $28,000. Huntington National Bank increased its position in shares of Qorvo by 47.1% in the 4th quarter. Huntington National Bank now owns 453 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 145 shares during the period. SBI Securities Co. Ltd. purchased a new position in Qorvo in the 4th quarter worth $37,000. Versant Capital Management Inc grew its stake in Qorvo by 89.7% during the 4th quarter. Versant Capital Management Inc now owns 605 shares of the semiconductor company's stock valued at $42,000 after purchasing 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 fourth quarter. Venturi Wealth Management LLC now owns 621 shares of the semiconductor company's stock valued at $43,000 after purchasing an additional 250 shares during the period. 88.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. The Goldman Sachs Group dropped their target price on Qorvo from $99.00 to $78.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Mizuho increased their price objective on shares of Qorvo from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. StockNews.com upgraded shares of Qorvo from a "hold" rating to a "buy" rating in a research report on Wednesday, January 29th. Citigroup cut their price target on Qorvo from $72.00 to $69.00 and set a "sell" rating on the stock in a research report on Wednesday, January 29th. Finally, Benchmark reissued a "hold" rating on shares of Qorvo in a report on Wednesday, January 29th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Qorvo has a consensus rating of "Hold" and a consensus target price of $94.79.

Qorvo Trading Down 0.7 %

Shares of NASDAQ QRVO traded down $0.44 during mid-day trading on Monday, reaching $63.34. 477,393 shares of the company's stock were exchanged, compared to its average volume of 2,141,960. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 225.61, a PEG ratio of 15.57 and a beta of 1.43. Qorvo, Inc. has a 52-week low of $49.46 and a 52-week high of $130.99. The company's 50-day moving average is $67.31 and its 200-day moving average is $73.95. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.78 and a current ratio of 2.60.

About Qorvo

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.