Qorvo, Inc. (NASDAQ:QRVO) Insider Robert A. Bruggeworth Sells 5,000 Shares

December 4, 2017

Qorvo, Inc. (NASDAQ:QRVO) Insider Robert A. Bruggeworth Sells 5,000 Shares-1Qorvo, Inc. (NASDAQ:QRVO) insider Robert A. Bruggeworth sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $77.03, for a total value of $385,150.00. Following the completion of the ugg australia sale, the insider now directly owns 193,344 shares of the company’s stock, valued at approximately $14,893,288.32. The ugg australia sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Qorvo, Inc. (NASDAQ QRVO) opened at $74.21 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 3.80. Qorvo, Inc. has a 12 month low of $49.53 and a 12 month high of $81.20. The stock has a market capitalization of $9,440.00 and a price-to-earnings ratio of 19.15.

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

A number of equities research analysts have issued reports on the company. BidaskClub raised Qorvo from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Drexel Hamilton reaffirmed a “buy” rating and set a $95.00 target price on shares of Qorvo in a research report on Thursday, November 2nd. Craig Hallum cut Qorvo from a “buy” rating to a “hold” rating and decreased their target price for the stock from $78.00 to $71.00 in a research report on Thursday, November 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 target price on shares of Qorvo in a research report on Thursday, November 2nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Qorvo in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $76.74.

Several hedge funds have recently made changes to their positions in QRVO. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Qorvo by 0.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,442 shares of the semiconductor company’s stock valued at $598,000 after acquiring an additional 62 shares during the last quarter. Federated Investors Inc. PA boosted its holdings in 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 acquiring an additional 90 shares during the last quarter. Sentry Investment Management LLC boosted its holdings in Qorvo by 1.4% in the second quarter. Sentry Investment Management LLC now owns 6,648 shares of the semiconductor company’s stock valued at $421,000 after acquiring an additional 95 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Qorvo by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the semiconductor company’s stock valued at $500,000 after acquiring an additional 100 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Qorvo by 1.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,526 shares of the semiconductor company’s stock valued at $477,000 after acquiring an additional 111 shares during the last quarter. Institutional investors own 96.75% of the company’s stock.

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Qorvo Company Profile

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).

Qorvo, Inc. (NASDAQ:QRVO) Insider Robert A. Bruggeworth Sells 5,000 Shares-2

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