Qorvo, Inc. (NASDAQ:QRVO) VP Steven E. Creviston sold 6,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $76.97, for a total transaction of $461,820.00. Following the completion of the transaction, the vice president now owns 95,725 shares of the company’s stock, valued at $7,367,953.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Qorvo, Inc. (QRVO) traded down $0.58 during midday trading on Friday, hitting $77.33. 927,080 shares of the stock were exchanged, compared to its average volume of 1,507,870. The firm has a market capitalization of $9,910.00 and a PE ratio of 19.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.80 and a quick ratio of 2.71. Qorvo, Inc. has a 1-year low of $49.53 and a 1-year high of $81.20.

Qorvo (NASDAQ:QRVO) last issued its earnings results on Wednesday, November 1st. The semiconductor company reported $1.52 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.52. The business had revenue of $821.60 million during the quarter, compared to analysts’ expectations of $810.47 million. Qorvo had a negative net margin of 0.59% and a positive return on equity of 10.77%. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.29 earnings per share. equities research analysts expect that Qorvo, Inc. will post 4.74 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Qorvo, Inc. (QRVO) VP Steven E. Creviston Sells 6,000 Shares of Stock” was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this news story can be viewed at https://theolympiareport.com/2017/11/17/qorvo-inc-qrvo-vp-steven-e-creviston-sells-6000-shares-of-stock.html.

Hedge funds and other institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC acquired a new stake in shares of Qorvo in the third quarter valued at about $130,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Qorvo by 79.9% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,252 shares of the semiconductor company’s stock valued at $159,000 after purchasing an additional 1,000 shares during the period. Federated Investors Inc. PA grew its holdings in shares of Qorvo by 4.0% in the second quarter. Federated Investors Inc. PA now owns 2,323 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 90 shares during the period. Advisor Group Inc. grew its holdings in shares of Qorvo by 5.1% in the second quarter. Advisor Group Inc. now owns 2,584 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 126 shares during the period. Finally, Global X Management Co. LLC grew its holdings in shares of Qorvo by 400.9% in the second quarter. Global X Management Co. LLC now owns 2,795 shares of the semiconductor company’s stock valued at $177,000 after purchasing an additional 2,237 shares during the period. Institutional investors and hedge funds own 94.55% of the company’s stock.

Several research firms recently issued reports on QRVO. J P Morgan Chase & Co set a $88.00 target price on shares of Qorvo and gave the company a “buy” rating in a research note on Wednesday. Citigroup Inc. boosted their target price on shares of Qorvo from $69.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Canaccord Genuity boosted their target price on shares of Qorvo from $81.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Morgan Stanley boosted their target price on shares of Qorvo from $68.00 to $69.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $84.00 target price on shares of Qorvo in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $76.74.

About Qorvo

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 & 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 companies with Analyst Ratings Network's FREE daily email newsletter.