Inceptionr LLC Takes $423,000 Position in Qorvo, Inc. (NASDAQ:QRVO)

Inceptionr LLC acquired a new stake in Qorvo, Inc. (NASDAQ:QRVO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,043 shares of the semiconductor company’s stock, valued at approximately $423,000.

Several other institutional investors have also modified their holdings of QRVO. Larson Financial Group LLC lifted its stake in shares of Qorvo by 163.4% in the 3rd quarter. Larson Financial Group LLC now owns 324 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 201 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Qorvo in the 4th quarter valued at approximately $37,000. Versant Capital Management Inc lifted its stake 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 purchasing an additional 286 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Qorvo by 33.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 413 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 104 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of Qorvo by 67.4% during the 4th quarter. Venturi Wealth Management LLC now owns 621 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 250 shares during the last quarter. 88.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on QRVO. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Qorvo in a research note on Wednesday, January 29th. StockNews.com raised Qorvo from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th. Benchmark reissued a “hold” rating on shares of Qorvo in a research note on Wednesday, January 29th. Citigroup decreased their price target on Qorvo from $72.00 to $69.00 and set a “sell” rating for the company in a research note on Wednesday, January 29th. Finally, Loop Capital raised their price target on Qorvo from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $95.84.

Qorvo Trading Up 7.9 %

Shares of NASDAQ:QRVO opened at $76.80 on Friday. Qorvo, Inc. has a 12-month low of $64.54 and a 12-month high of $130.99. The business’s fifty day simple moving average is $77.09 and its 200-day simple moving average is $84.52. The company has a market capitalization of $7.17 billion, a PE ratio of 274.29, a P/E/G ratio of 15.57 and a beta of 1.48. The company has a current ratio of 2.60, a quick ratio of 1.78 and a debt-to-equity ratio of 0.46.

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.