J.P. Morgan Private Wealth Advisors LLC Reduces Holdings in Qorvo, Inc. (NASDAQ:QRVO)

J.P. Morgan Private Wealth Advisors LLC decreased its position in shares of Qorvo, Inc. (NASDAQ:QRVOFree Report) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,182 shares of the semiconductor company’s stock after selling 187 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in Qorvo were worth $1,163,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of QRVO. Parkside Financial Bank & Trust increased 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 acquiring an additional 116 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in Qorvo by 75.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 306 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 132 shares during the last quarter. Resurgent Financial Advisors LLC purchased a new stake in shares of Qorvo during the fourth quarter valued at $34,000. International Assets Investment Management LLC purchased a new stake in shares of Qorvo during the first quarter valued at $40,000. Finally, RVW Wealth LLC purchased a new stake in shares of Qorvo during the third quarter valued at $53,000. Institutional investors own 85.60% of the company’s stock.

Insider Activity

In other news, SVP Philip Chesley sold 10,580 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $97.72, for a total transaction of $1,033,877.60. Following the transaction, the senior vice president now owns 29,539 shares in the company, valued at $2,886,551.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Walden C. Rhines acquired 5,000 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were purchased at an average price of $93.19 per share, for a total transaction of $465,950.00. Following the completion of the acquisition, the director now directly owns 67,145 shares in the company, valued at approximately $6,257,242.55. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Philip Chesley sold 10,580 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $97.72, for a total transaction of $1,033,877.60. Following the transaction, the senior vice president now owns 29,539 shares in the company, valued at approximately $2,886,551.08. The disclosure for this sale can be found here. Corporate insiders own 0.43% of the company’s stock.

Qorvo Stock Performance

Shares of Qorvo stock opened at $113.73 on Tuesday. The company has a market capitalization of $10.98 billion, a PE ratio of -52.90, a P/E/G ratio of 1.17 and a beta of 1.55. 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 company has a 50-day simple moving average of $106.87 and a two-hundred day simple moving average of $100.15. Qorvo, Inc. has a one year low of $80.62 and a one year high of $114.97.

Analyst Ratings Changes

A number of analysts have recently issued reports on QRVO shares. Summit Insights lowered shares of Qorvo from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. The Goldman Sachs Group boosted their target price on shares of Qorvo from $104.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Piper Sandler lowered their target price on shares of Qorvo from $120.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. Susquehanna lowered their target price on shares of Qorvo from $110.00 to $95.00 and set a “neutral” rating for the company in a research note on Tuesday, October 24th. Finally, Raymond James upped their price objective on shares of Qorvo from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $111.17.

Check Out Our Latest Analysis on Qorvo

Qorvo Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding QRVO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qorvo, Inc. (NASDAQ:QRVOFree Report).

Institutional Ownership by Quarter for Qorvo (NASDAQ:QRVO)

Receive News & Ratings for Qorvo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qorvo and related companies with MarketBeat.com's FREE daily email newsletter.