Montag A & Associates Inc. increased its position in shares of Qorvo, Inc. (NASDAQ:QRVO) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 112,882 shares of the semiconductor company’s stock after buying an additional 1,122 shares during the period. Montag A & Associates Inc. owned 0.09% of Qorvo worth $7,148,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. increased its position in shares of Qorvo by 49.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,664 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 552 shares during the period. IFP Advisors Inc increased its position in shares of Qorvo by 46.7% in the first quarter. IFP Advisors Inc now owns 2,105 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 670 shares during the period. NEXT Financial Group Inc increased its position in shares of Qorvo by 2.1% in the second quarter. NEXT Financial Group Inc now owns 2,370 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 49 shares during the period. Global X Management Co. LLC increased its position in shares of Qorvo by 400.9% in the second quarter. Global X Management Co. LLC now owns 2,795 shares of the semiconductor company’s stock valued at $177,000 after buying an additional 2,237 shares during the period. Finally, Penserra Capital Management LLC acquired a new position in shares of Qorvo during the first quarter valued at $191,000. Hedge funds and other institutional investors own 97.09% of the company’s stock.

Shares of Qorvo, Inc. (NASDAQ QRVO) traded up 0.44% during trading on Monday, hitting $69.98. The stock had a trading volume of 28,283 shares. Qorvo, Inc. has a 12-month low of $48.28 and a 12-month high of $79.34. The stock’s market cap is $8.91 billion. The stock’s 50-day moving average is $67.92 and its 200-day moving average is $69.21.

Qorvo (NASDAQ:QRVO) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.07. The company had revenue of $640.80 million during the quarter, compared to analyst estimates of $632.18 million. Qorvo had a positive return on equity of 10.10% and a negative net margin of 1.40%. The firm’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 EPS. On average, equities research analysts expect that Qorvo, Inc. will post $5.54 EPS for the current year.

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QRVO has been the topic of several research analyst reports. TheStreet upgraded Qorvo from a “c+” rating to a “b” rating in a research note on Wednesday, May 3rd. Benchmark Co. initiated coverage on Qorvo in a research note on Tuesday, April 25th. They set a “buy” rating on the stock. Needham & Company LLC restated a “buy” rating and set a $86.00 target price on shares of Qorvo in a research note on Friday, May 26th. Charter Equity restated a “buy” rating on shares of Qorvo in a research note on Friday, May 5th. Finally, Craig Hallum boosted their target price on Qorvo from $68.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, May 4th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $73.28.

In other Qorvo news, VP Steven E. Creviston sold 6,000 shares of Qorvo stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $70.75, for a total transaction of $424,500.00. Following the completion of the transaction, the vice president now owns 120,733 shares of the company’s stock, valued at approximately $8,541,859.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP James L. Klein sold 2,600 shares of Qorvo stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $78.69, for a total value of $204,594.00. Following the transaction, the vice president now directly owns 40,058 shares of the company’s stock, valued at approximately $3,152,164.02. The disclosure for this sale can be found here. Insiders have sold a total of 109,984 shares of company stock valued at $7,801,949 in the last ninety days. Insiders own 0.91% of the company’s stock.

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).

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Institutional Ownership by Quarter for Qorvo (NASDAQ:QRVO)

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