Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.41 Million Holdings in Qorvo, Inc. (NASDAQ:QRVO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in shares of Qorvo, Inc. (NASDAQ:QRVO) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,180 shares of the semiconductor company’s stock after selling 470 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Qorvo were worth $1,411,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Rakuten Securities Inc. acquired a new stake in shares of Qorvo in the 4th quarter valued at about $28,000. Larson Financial Group LLC grew its holdings in shares of Qorvo by 163.4% during the third quarter. Larson Financial Group LLC now owns 324 shares of the semiconductor company’s stock worth $33,000 after buying an additional 201 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Qorvo in the 4th quarter valued at approximately $37,000. Versant Capital Management Inc lifted its stake in 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 acquiring an additional 286 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in 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.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on QRVO. Mizuho lifted their price objective on shares of Qorvo from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Barclays lowered their price target on shares of Qorvo from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Morgan Stanley raised shares of Qorvo from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $90.00 to $106.00 in a research report on Tuesday, January 21st. StockNews.com upgraded Qorvo from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. Finally, Citigroup dropped their target price on Qorvo from $72.00 to $69.00 and set a “sell” rating on the stock in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Qorvo currently has a consensus rating of “Hold” and a consensus target price of $95.84.

Qorvo Trading Up 3.7 %

Shares of QRVO stock opened at $75.63 on Wednesday. Qorvo, Inc. has a 12-month low of $64.54 and a 12-month high of $130.99. The company has a market capitalization of $7.06 billion, a PE ratio of 270.11, a price-to-earnings-growth ratio of 15.57 and a beta of 1.48. The firm has a 50 day moving average price of $77.22 and a two-hundred day moving average price of $80.98. The company has a quick ratio of 1.78, a current ratio of 2.60 and a debt-to-equity ratio of 0.46.

Qorvo 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.