Leeward Investments LLC MA Has $11.54 Million Stock Holdings in Qorvo, Inc. (NASDAQ:QRVO)

Leeward Investments LLC MA lessened its stake in shares of Qorvo, Inc. (NASDAQ:QRVO) by 2.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 102,496 shares of the semiconductor company’s stock after selling 2,763 shares during the quarter. Leeward Investments LLC MA owned about 0.11% of Qorvo worth $11,542,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Zhang Financial LLC increased its position in 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 period. Wahed Invest LLC increased its position in 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 period. Teacher Retirement System of Texas increased its position in 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 period. CWM LLC increased its position in Qorvo by 6.3% during the third quarter. CWM LLC now owns 3,022 shares of the semiconductor company’s stock worth $288,000 after acquiring an additional 179 shares during the period. Finally, Hanson & Doremus Investment Management increased its position in 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 period. 88.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

QRVO has been the topic of a number of recent research reports. Piper Sandler lowered their price target on shares of Qorvo from $120.00 to $105.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. Craig Hallum raised their target price on shares of Qorvo from $110.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Susquehanna reissued a “neutral” rating and issued a $100.00 target price on shares of Qorvo in a report on Monday, April 8th. StockNews.com lowered shares of Qorvo from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Finally, Rosenblatt Securities raised their target price on shares of Qorvo from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Qorvo has a consensus rating of “Hold” and an average target price of $111.53.

Qorvo Trading Up 1.8 %

NASDAQ:QRVO traded up $2.05 during mid-day trading on Friday, hitting $116.75. 1,042,948 shares of the company’s stock were exchanged, compared to its average volume of 1,261,265. The company has a 50 day simple moving average of $113.52 and a 200-day simple moving average of $104.91. The company has a current ratio of 1.90, a quick ratio of 1.33 and a debt-to-equity ratio of 0.43. Qorvo, Inc. has a fifty-two week low of $80.62 and a fifty-two week high of $121.65. The firm has a market capitalization of $11.27 billion, a P/E ratio of -54.30, a PEG ratio of 0.86 and a beta of 1.56.

Qorvo (NASDAQ:QRVO) last posted its earnings results on Wednesday, January 31st. The semiconductor company reported $1.89 EPS 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 for the quarter, compared to the consensus estimate of $1 billion. As a group, research analysts expect that Qorvo, Inc. will post 4.95 earnings per share for the current year.

Insider Transactions at Qorvo

In other news, VP Gina Harrison sold 354 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $114.00, for a total value of $40,356.00. Following the transaction, the vice president now owns 18,442 shares in the company, valued at approximately $2,102,388. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Steven E. Creviston sold 3,000 shares of Qorvo stock in a transaction on Friday, March 1st. The shares were sold at an average price of $120.00, for a total value of $360,000.00. Following the completion of the sale, the senior vice president now owns 77,552 shares in the company, valued at approximately $9,306,240. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gina Harrison sold 354 shares of Qorvo stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $114.00, for a total transaction of $40,356.00. Following the completion of the sale, the vice president now owns 18,442 shares of the company’s stock, valued at approximately $2,102,388. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,381 shares of company stock worth $745,434. Company insiders own 0.43% of the company’s stock.

About Qorvo

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.