The activist firm run by Jeff Smith owns a 7.7% stake in the chip maker that competes with the likes of Broadcom and Qualcomm.
Qorvo stock is moving higher on Friday following a Wall Street Journal report revealing that activist investor Starboard Value has acquired a 7.7% stake in the company.
Qorvo shares rose in early trading Friday after a Wall Street Journal report found that activist investor Starboard Value has built a big stake in the chip maker and is looking to push for changes. Shares rose 7.3% higher in premarket trading at $78.99.
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Shares of chipmaker Qorvo (NASDAQ: QRVO) rallied 13.4% on Friday, as of 1:55 p.m. ET. Qorvo soared on the news that an activist investor had taken a sizable stake in the company. Given that the stock is down about 29% in the last year and activist involvement could lead to shareholder-friendly moves, Qorvo rallied on the news.
Morgan Stanley analyst Joseph Moore upgraded Qorvo (QRVO) to Overweight from Equal Weight with a price target of $106, up from $90. Qorvo has
Shares of communications chips maker Qorvo (NASDAQ: QRVO) jumped 11.9% in the morning session after activist investor, Starboard Value, disclosed a 7.7% stake in the company. This move is noteworthy given that activist investors often bring about significant changes in targeted companies,
Jan 16 (Reuters) - Activist investor Starboard Value has built a 7.7% stake in chipmaker Qorvo (QRVO.O), opens new tab, the Wall Street Journal reported on Thursday, citing people familiar with ...
Activist investor Starboard Value has established a sizable stake in Qorvo (QRVO) and is seeking changes to bolster the company’s lagging stock price, the Wall Street Journal’s Lauren Thomas ...
Activist investor Starboard Value has built a 7.7% stake in Qorvo, the Wall Street Journal reported on Thursday, citing people familiar with the matter. (Reporting by Gnaneshwar Rajan in
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