Qorvo, Inc. (NASDAQ:QRVO) insider Robert A. Bruggeworth sold 5,000 shares of Qorvo stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $72.27, for a total value of $361,350.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Qorvo, Inc. (QRVO) opened at 72.27 on Wednesday. Qorvo, Inc. has a 52-week low of $48.28 and a 52-week high of $79.34. The company’s market cap is $9.20 billion. The company has a 50-day moving average price of $72.06 and a 200-day moving average price of $70.71.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The company had revenue of $640.80 million during the quarter, compared to analysts’ expectations of $632.18 million. Qorvo had a positive return on equity of 10.10% and a negative net margin of 1.40%. Qorvo’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.08 EPS. On average, equities analysts predict that Qorvo, Inc. will post $5.52 EPS for the current year.

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Institutional investors have recently made changes to their positions in the business. Federated Investors Inc. PA raised its holdings in shares of Qorvo by 4.0% during the second quarter. Federated Investors Inc. PA now owns 2,323 shares of the semiconductor company’s stock valued at $147,000 after acquiring an additional 90 shares during the last quarter. NEXT Financial Group Inc raised its holdings in shares of Qorvo by 2.1% during the second quarter. NEXT Financial Group Inc now owns 2,370 shares of the semiconductor company’s stock valued at $150,000 after acquiring an additional 49 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of Qorvo by 5.1% during the second quarter. Advisor Group Inc. now owns 2,584 shares of the semiconductor company’s stock valued at $164,000 after acquiring an additional 126 shares during the last quarter. Global X Management Co. LLC raised its holdings in shares of Qorvo by 400.9% during the second quarter. Global X Management Co. LLC now owns 2,795 shares of the semiconductor company’s stock valued at $177,000 after acquiring an additional 2,237 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in shares of Qorvo by 180.0% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,800 shares of the semiconductor company’s stock valued at $192,000 after acquiring an additional 1,800 shares during the last quarter. 94.35% of the stock is owned by institutional investors and hedge funds.

A number of research firms have weighed in on QRVO. Needham & Company LLC reaffirmed a “buy” rating and set a $86.00 target price on shares of Qorvo in a report on Sunday, September 17th. Cowen and Company reaffirmed a “hold” rating and set a $85.00 target price on shares of Qorvo in a report on Sunday, September 17th. Instinet began coverage on Qorvo in a report on Wednesday, September 6th. They set a “neutral” rating and a $75.00 target price for the company. Nomura began coverage on Qorvo in a report on Tuesday, September 5th. They set a “neutral” rating and a $75.00 target price for the company. Finally, Zacks Investment Research lowered Qorvo from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $73.45.

Qorvo Company Profile

Qorvo, Inc is a provider of technologies and radio frequency (RF) solutions for mobile, infrastructure and defense and aerospace applications. The Company designs, develops, manufactures and markets its products to the United States and international original equipment manufacturers (OEMs) and original design manufacturers (ODMs).

Insider Buying and Selling by Quarter for Qorvo (NASDAQ:QRVO)

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