Hillsdale Investment Management Inc. Boosts Position in Qorvo, Inc. (NASDAQ:QRVO)

Hillsdale Investment Management Inc. boosted its position in Qorvo, Inc. (NASDAQ:QRVO) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,360 shares of the semiconductor company’s stock after purchasing an additional 350 shares during the period. Hillsdale Investment Management Inc.’s holdings in Qorvo were worth $515,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QRVO. Mediolanum International Funds Ltd bought a new stake in Qorvo during the fourth quarter valued at approximately $1,177,000. Janney Montgomery Scott LLC grew its position in shares of Qorvo by 245.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,641 shares of the semiconductor company’s stock valued at $1,024,000 after acquiring an additional 10,405 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Qorvo in the 3rd quarter worth $2,507,000. Virtu Financial LLC bought a new position in Qorvo in the 3rd quarter worth $1,211,000. Finally, Paloma Partners Management Co purchased a new position in Qorvo during the third quarter valued at $5,165,000. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Loop Capital raised their price objective on Qorvo from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group dropped their price target on shares of Qorvo from $99.00 to $78.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Stifel Nicolaus decreased their price objective on shares of Qorvo from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Mizuho upped their target price on shares of Qorvo from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Qorvo in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Qorvo presently has an average rating of “Hold” and an average price target of $95.84.

Qorvo Trading Up 1.5 %

Shares of QRVO stock opened at $72.91 on Tuesday. The company has a market cap of $6.81 billion, a PE ratio of 260.39, a price-to-earnings-growth ratio of 15.57 and a beta of 1.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.60 and a quick ratio of 1.78. The stock’s 50 day simple moving average is $77.16 and its two-hundred day simple moving average is $81.18. Qorvo, Inc. has a 1 year low of $64.54 and a 1 year high of $130.99.

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.