Qorvo, Inc. (NASDAQ:QRVO) Director Jeffery R. Gardner sold 1,700 shares of Qorvo stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $71.95, for a total transaction of $122,315.00. Following the transaction, the director now owns 33,046 shares of the company’s stock, valued at $2,377,659.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Qorvo, Inc. (NASDAQ:QRVO) traded up 1.42% on Monday, reaching $72.63. 780,425 shares of the company traded hands. The stock’s 50 day moving average price is $19.33 and its 200 day moving average price is $19.33. Qorvo, Inc. has a one year low of $19.18 and a one year high of $73.16. The company’s market capitalization is $9.24 billion.

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

TRADEMARK VIOLATION WARNING: “Qorvo, Inc. (QRVO) Director Sells $122,315.00 in Stock” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/11/qorvo-inc-qrvo-director-sells-122315-00-in-stock.html.

A number of brokerages have recently issued reports on QRVO. Mizuho reiterated a “hold” rating and set a $70.00 price objective on shares of Qorvo in a report on Friday, August 4th. BidaskClub upgraded shares of Qorvo from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Instinet began coverage on shares of Qorvo in a report on Wednesday, September 6th. They set a “neutral” rating and a $75.00 price objective for the company. Nomura began coverage on shares of Qorvo in a report on Tuesday, September 5th. They set a “neutral” rating and a $75.00 price objective for the company. Finally, MKM Partners reiterated a “buy” rating and set a $90.00 price objective (up from $78.00) on shares of Qorvo in a report on Tuesday, May 30th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $73.45.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Qorvo by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 12,549,555 shares of the semiconductor company’s stock valued at $794,638,000 after acquiring an additional 430,596 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Qorvo by 3,264.5% during the 1st quarter. BlackRock Inc. now owns 8,737,400 shares of the semiconductor company’s stock valued at $599,038,000 after acquiring an additional 8,477,705 shares during the last quarter. Baupost Group LLC MA purchased a new stake in shares of Qorvo during the 1st quarter valued at about $492,639,000. State Street Corp boosted its holdings in shares of Qorvo by 1.8% during the 1st quarter. State Street Corp now owns 5,527,332 shares of the semiconductor company’s stock valued at $378,951,000 after acquiring an additional 98,614 shares during the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Qorvo during the 2nd quarter valued at about $101,456,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

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)

Receive News & Stock Ratings for Qorvo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qorvo Inc. and related stocks with our FREE daily email newsletter.