Leeward Investments LLC MA Sells 3,828 Shares of Qorvo, Inc. (NASDAQ:QRVO)

Leeward Investments LLC MA decreased its position in shares of Qorvo, Inc. (NASDAQ:QRVO) by 3.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 113,421 shares of the semiconductor company’s stock after selling 3,828 shares during the quarter. Leeward Investments LLC MA’s holdings in Qorvo were worth $7,932,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its stake in shares of Qorvo by 163.4% during the 3rd quarter. Larson Financial Group LLC now owns 324 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 201 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Qorvo by 89.7% during the 4th quarter. Versant Capital Management Inc now owns 605 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 286 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Qorvo by 33.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 413 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 104 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Qorvo by 67.4% during the fourth quarter. Venturi Wealth Management LLC now owns 621 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 250 shares in the last quarter. Finally, CENTRAL TRUST Co grew its position in shares of Qorvo by 2,621.4% during the fourth quarter. CENTRAL TRUST Co now owns 762 shares of the semiconductor company’s stock worth $53,000 after purchasing an additional 734 shares in 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 Philip Chesley sold 4,045 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $70.15, for a total value of $283,756.75. Following the sale, the senior vice president now directly owns 30,261 shares of the company’s stock, valued at $2,122,809.15. This represents a 11.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Qorvo Stock Performance

Qorvo stock opened at $76.07 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.60 and a quick ratio of 1.78. Qorvo, Inc. has a 1-year low of $64.54 and a 1-year high of $130.99. The firm has a market capitalization of $7.10 billion, a P/E ratio of 271.68, a price-to-earnings-growth ratio of 15.57 and a beta of 1.41. The company’s 50-day moving average is $76.69 and its 200 day moving average is $86.95.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on QRVO shares. Craig Hallum cut their target price on Qorvo from $142.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. TD Cowen lowered their target price on shares of Qorvo from $125.00 to $85.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Morgan Stanley raised shares of Qorvo from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $90.00 to $106.00 in a report on Tuesday, January 21st. Benchmark reissued a “hold” rating on shares of Qorvo in a report on Wednesday, January 29th. Finally, Raymond James lowered Qorvo from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $95.84.

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.