Qorvo Stock Jumps After Report Says Activist Starboard Builds Stake in Chip Maker -- Barrons.com

Dow Jones

Jan 17, 2025

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)

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It has struggled over the past year, falling 29%. Starboard is seeking changes to boost the company's lagging share price, the Journal reported. \n\n\n     Write to Karishma Vanjani at  karishma.vanjani@dowjones.com. \n\n\n     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. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 17, 2025 07:31 ET (12:31 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}