Peter A. Feld, a director affiliated with Qorvo, Inc. (NASDAQ:QRVO), was involved in disposing of company common stock totaling approximately $192.3 million on June 2, 2026. This information surfaced through a recent Form 4 filing detailing the transactions.
The reported sales were structured across two tranches. The first sale encompassed 1,328,094 shares, which were sold at an average price of $100.254 per share. A subsequent transaction involved the disposition of 571,906 additional shares, averaging $103.409 per share. Consequently, all reported sales occurred within a narrow price bandwidth, ranging from $100.254 to $103.409 per share.
At the time of reporting, Qorvo’s stock was trading at $102.74. This current valuation level is situated near the company's 52-week high of $109.49. Furthermore, the stock has demonstrated a strong performance year-to-date, posting an increase of 21.6%.
Details of Ownership and Transactions
The shares sold were reportedly held indirectly through Starboard Value LP, where Mr. Feld serves in the capacity of a Managing Member. It is noted that Starboard Value LP functions as an investment manager for various managed accounts and private investment funds. After these divestments, Starboard Value LP beneficially retained ownership of 5,611,526 shares of Qorvo common stock. Mr. Feld explicitly disclaimed beneficial ownership of these securities, except to the extent corresponding to his personal financial interest.
Separately from the institutional holdings, Mr. Feld maintains a direct individual stake, holding 2,496 shares of Qorvo common stock. While some analyses suggest that Qorvo remains undervalued at current market levels, further specialized analysis is available to subscribers interested in assessing the company's financial health and growth prospects.
Corporate Performance Context
These insider transactions are viewed against a backdrop of recent positive corporate announcements. Qorvo Inc. recently released its fourth-quarter results, which managed to surpass the expectations set by Wall Street analysts. The company reported adjusted earnings per share (EPS) of $1.69. This figure notably exceeded the analyst consensus estimate of $1.21.
For the quarter, total revenue reached $808.3 million. While this amount was slightly higher than the estimated $801.31 million, it represented a 7% decline when compared to the $869.5 million recorded in the previous year's corresponding period. Despite this year-over-year revenue dip, the semiconductor firm achieved an adjusted gross margin of 52.6%. This marked an increase of 670 basis points when measured against the prior year.
CEO Bob Bruggeworth attributed this improvement in profitability metrics to