Jackson Creek Investment Advisors LLC Sells 143 Shares of Qorvo, Inc. (NASDAQ:QRVO)

Jackson Creek Investment Advisors LLC decreased its holdings in shares of Qorvo, Inc. (NASDAQ:QRVO) by 3.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,932 shares of the semiconductor company’s stock after selling 143 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Qorvo were worth $443,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Zhang Financial LLC grew its stake in shares of Qorvo by 2.7% during the fourth quarter. Zhang Financial LLC now owns 3,852 shares of the semiconductor company’s stock worth $434,000 after acquiring an additional 102 shares during the last quarter. Wahed Invest LLC grew its stake in shares of Qorvo by 7.5% during the third quarter. Wahed Invest LLC now owns 1,540 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 108 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Qorvo by 1.5% during the third quarter. Teacher Retirement System of Texas now owns 7,669 shares of the semiconductor company’s stock worth $732,000 after acquiring an additional 116 shares during the last quarter. Hanson & Doremus Investment Management grew its stake in shares of Qorvo by 1.6% during the third quarter. Hanson & Doremus Investment Management now owns 12,437 shares of the semiconductor company’s stock worth $1,187,000 after acquiring an additional 190 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Qorvo by 8.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,467 shares of the semiconductor company’s stock worth $278,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Insider Buying and Selling

In related news, SVP Steven E. Creviston sold 3,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $120.00, for a total transaction of $360,000.00. Following the completion of the transaction, the senior vice president now directly owns 77,552 shares of the company’s stock, valued at $9,306,240. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Qorvo news, VP Gina Harrison sold 354 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $114.00, for a total value of $40,356.00. Following the completion of the transaction, the vice president now directly owns 18,442 shares of the company’s stock, valued at $2,102,388. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Steven E. Creviston sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $120.00, for a total transaction of $360,000.00. Following the transaction, the senior vice president now directly owns 77,552 shares of the company’s stock, valued at $9,306,240. The disclosure for this sale can be found here. Insiders sold 6,381 shares of company stock valued at $745,434 over the last ninety days. Corporate insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on QRVO. Susquehanna reiterated a “neutral” rating and issued a $100.00 target price on shares of Qorvo in a research report on Monday, April 8th. JPMorgan Chase & Co. upped their target price on Qorvo from $95.00 to $105.00 and gave the company an “underweight” rating in a research report on Thursday, February 1st. Raymond James upped their target price on Qorvo from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. The Goldman Sachs Group upped their price objective on Qorvo from $104.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Qorvo in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $111.53.

Qorvo Stock Performance

NASDAQ QRVO opened at $116.84 on Wednesday. Qorvo, Inc. has a 1 year low of $80.62 and a 1 year high of $121.65. The company has a market capitalization of $11.28 billion, a PE ratio of -54.34, a P/E/G ratio of 0.91 and a beta of 1.56. The company has a fifty day moving average of $113.84 and a two-hundred day moving average of $105.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.90 and a quick ratio of 1.33.

Qorvo (NASDAQ:QRVO) last announced its earnings results on Wednesday, January 31st. The semiconductor company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.47. Qorvo had a negative net margin of 6.11% and a positive return on equity of 10.41%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. As a group, analysts expect that Qorvo, Inc. will post 4.95 earnings per share for the current year.

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.