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Qorvo, Inc. $QRVO Shares Sold by Principal Financial Group Inc.
Principal Financial Group Inc. reduced its stake in Qorvo, Inc. by 12.2% in the third quarter of the fiscal year, selling over 56,000 shares but still maintaining a significant holding worth $36.8 million. This comes as Qorvo exceeded earnings expectations, reporting an EPS of $2.17 against a consensus of $1.93, and saw an 8.4% year-over-year revenue increase. The semiconductor company’s stock currently holds an average analyst rating of “Hold” with a price target of $93.56.