Karishma Vanjani
Activist investor Starboard Value has amassed a stake in chip maker Qorvo that's worth billions of dollars, according to a report from The Wall Street Journal.
Starboard owns 7.7% of Qorvo, the Journal said, citing people familiar with the matter. Qorvo, which makes radio-frequency chips for connectivity in Apple iPhones, iPads, and other devices, has a market value of almost $7 billion.
The stock jumped 7% $78.76 in premarket trading. It has struggled over the past year, falling 29%. Starboard is seeking changes to boost the company's lagging share price, the Journal reported.
Write to Karishma Vanjani at karishma.vanjani@dowjones.com.
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
January 17, 2025 07:31 ET (12:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。