DekaBank Deutsche Girozentrale reduce its place in Qorvo, Inc. (NASDAQ:QRVO – Free Report) by 7.6% within the third quarter, HoldingsChannel.com experiences. The agency owned 10,377 shares of the semiconductor firm’s inventory after promoting 850 shares throughout the interval. DekaBank Deutsche Girozentrale’s holdings in Qorvo had been price $1,066,000 as of its most up-to-date submitting with the Securities and Change Fee (SEC).
Different institutional traders have additionally added to or lowered their stakes within the firm. Bessemer Group Inc. boosted its stake in Qorvo by 1,361.9% within the 1st quarter. Bessemer Group Inc. now owns 13,596 shares of the semiconductor firm’s inventory valued at $1,562,000 after buying an extra 12,666 shares throughout the interval. Daiwa Securities Group Inc. boosted its stake in Qorvo by 44.4% within the 1st quarter. Daiwa Securities Group Inc. now owns 13,247 shares of the semiconductor firm’s inventory valued at $1,521,000 after buying an extra 4,072 shares throughout the interval. Canada Pension Plan Funding Board boosted its stake in Qorvo by 23.8% within the 1st quarter. Canada Pension Plan Funding Board now owns 370,200 shares of the semiconductor firm’s inventory valued at $42,510,000 after buying an extra 71,200 shares throughout the interval. APG Asset Administration N.V. boosted its stake in Qorvo by 21.9% within the 2nd quarter. APG Asset Administration N.V. now owns 101,243 shares of the semiconductor firm’s inventory valued at $10,962,000 after buying an extra 18,178 shares throughout the interval. Lastly, Janney Montgomery Scott LLC purchased a brand new stake in Qorvo within the 1st quarter valued at $811,000. 88.57% of the inventory is presently owned by institutional traders.
Insiders Place Their Bets
In different Qorvo information, VP Gina Harrison bought 689 shares of the corporate’s inventory in a transaction dated Friday, September sixth. The inventory was bought at a mean value of $107.67, for a complete worth of $74,184.63. Following the completion of the transaction, the vice chairman now owns 21,601 shares of the corporate’s inventory, valued at $2,325,779.67. This represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the Securities & Change Fee, which is accessible at this hyperlink. Insiders personal 0.46% of the corporate’s inventory.
Wall Avenue Analyst Weigh In
QRVO has been the topic of a number of analyst experiences. Susquehanna dropped their value goal on Qorvo from $115.00 to $90.00 and set a “impartial” score for the corporate in a report on Wednesday. Piper Sandler dropped their value goal on Qorvo from $120.00 to $100.00 and set a “impartial” score for the corporate in a report on Friday, October twenty fifth. Craig Hallum dropped their value goal on Qorvo from $142.00 to $105.00 and set a “purchase” score for the corporate in a report on Wednesday. BNP Paribas reduce Qorvo from an “outperform” score to a “impartial” score and set a $80.00 value goal for the corporate. in a report on Wednesday. Lastly, Morgan Stanley reduce Qorvo from an “obese” score to an “equal weight” score and dropped their value goal for the corporate from $130.00 to $120.00 in a report on Friday, October eleventh. Two funding analysts have rated the inventory with a promote score, fourteen have given a maintain score and two have issued a purchase score to the inventory. Primarily based on information from MarketBeat, Qorvo presently has a consensus score of “Maintain” and a mean goal value of $104.47.
Examine Out Our Newest Report on Qorvo
Qorvo Worth Efficiency
Shares of QRVO opened at $71.86 on Friday. Qorvo, Inc. has a 12-month low of $70.39 and a 12-month excessive of $130.99. The enterprise has a 50-day easy shifting common of $102.41 and a two-hundred day easy shifting common of $107.22. The corporate has a fast ratio of 1.36, a present ratio of 1.90 and a debt-to-equity ratio of 0.45. The inventory has a market cap of $6.79 billion, a PE ratio of -49.22, a PEG ratio of three.98 and a beta of 1.49.
Qorvo (NASDAQ:QRVO – Get Free Report) final issued its earnings outcomes on Tuesday, October twenty ninth. The semiconductor firm reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.03. Qorvo had a optimistic return on fairness of 13.81% and a destructive web margin of three.58%. The enterprise had income of $1.05 billion throughout the quarter, in comparison with analysts’ expectations of $1.03 billion. Throughout the identical quarter within the prior 12 months, the agency earned $1.99 EPS. The enterprise’s income for the quarter was down 5.2% in comparison with the identical quarter final 12 months. Analysts anticipate that Qorvo, Inc. will submit 4.84 earnings per share for the present fiscal 12 months.
Qorvo Firm Profile
Qorvo, Inc engages in improvement and commercialization of applied sciences and merchandise for wi-fi, wired, and energy markets. It operates by way of three segments: Excessive Efficiency Analog (HPA), Connectivity and Sensors Group (CSG), and Superior Mobile Group (ACG). The HPA phase provides radio frequency and energy administration options for automotive, protection and aerospace, mobile infrastructure, broadband, and different markets.
Really useful Tales
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