Qorvo's Fate Is Tied to a Skyworks Buyout. Here's What Its Latest Insider Filings Show
Non-discretionary vesting event reduces his direct holdings by 4%, yet Stewart maintains a $4.89 million equity stake in the semiconductor firm.
Overview
Frank P. Stewart, SVP of advanced cellular at Qorvo (NASDAQ:QRVO), disposed of 2,262 shares of common stock on August 5 in a non-discretionary transaction, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($95.04); post-transaction value based on the August 5 market close ($95.25).
Details
Qorvo is a global semiconductor specialist headquartered in Greensboro, North Carolina, with approximately 5,000 employees and an $8.4 billion market capitalization. The company maintains a diversified revenue base across consumer mobile devices and infrastructure markets, generating $3.6 billion in TTM revenue with net income of $399.2 million, reflecting its position as a critical supplier of RF and analog components in the semiconductor value chain. Qorvo's competitive advantage derives from its integrated design and manufacturing capabilities, extensive intellectual property portfolio, and established relationships with leading OEMs in high-growth wireless and defense sectors.
Source
Originally published at www.fool.com.