Qorvo (QRVO) is the latest target of activist investor Starboard Value, which has taken a 7.7% stake in the ship maker valued at around $500 million, The Wall Street Journal reported late Thursday, citing unnamed sources.
The sources said Starboard Value is seeking changes to address Qorvo's underperforming share price, but the outlet said it could not learn specific details about Starboard's plans.
The stake buildup is expected to be disclosed in a securities filing on Friday, the report said.
Qorvo and Starboard Value did not immediately respond to requests for comment from MT Newswires.
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