Alexander Randolph Advisory Inc. Has $950,000 Holdings in Qorvo, Inc. (NASDAQ:QRVO)

Alexander Randolph Advisory Inc. grew its stake in Qorvo, Inc. (NASDAQ:QRVO) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 13,592 shares of the semiconductor company’s stock after buying an additional 140 shares during the period. Qorvo accounts for about 0.9% of Alexander Randolph Advisory Inc.’s holdings, making the stock its 27th largest position. Alexander Randolph Advisory Inc.’s holdings in Qorvo were worth $950,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in QRVO. Larson Financial Group LLC grew its position in Qorvo by 163.4% during the third quarter. Larson Financial Group LLC now owns 324 shares of the semiconductor company’s stock worth $33,000 after buying an additional 201 shares in the last quarter. Versant Capital Management Inc raised its holdings in Qorvo by 89.7% in the 4th quarter. Versant Capital Management Inc now owns 605 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 286 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Qorvo by 33.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 413 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 104 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Qorvo by 67.4% during the 4th 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 increased 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 valued at $53,000 after purchasing an additional 734 shares during the period. Institutional investors own 88.57% of the company’s stock.

Analyst Ratings Changes

QRVO has been the subject of several research reports. Raymond James cut Qorvo from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Susquehanna dropped their price objective on shares of Qorvo from $115.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Stifel Nicolaus decreased their target price on shares of Qorvo from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Mizuho increased their price target on shares of Qorvo from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Finally, Morgan Stanley upgraded shares of Qorvo from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $90.00 to $106.00 in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Qorvo presently has a consensus rating of “Hold” and a consensus target price of $95.84.

Qorvo Stock Performance

Qorvo stock opened at $76.07 on Friday. The stock has a 50-day simple moving average of $76.69 and a 200 day simple moving average of $87.04. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 271.68, a P/E/G ratio of 15.57 and a beta of 1.41. The company has a quick ratio of 1.78, a current ratio of 2.60 and a debt-to-equity ratio of 0.46. Qorvo, Inc. has a 12-month low of $64.54 and a 12-month high of $130.99.

Insider Buying and Selling at Qorvo

In other news, SVP Philip Chesley sold 4,045 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $70.15, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.46% 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.