Paul J. Fego, Senior Vice President of Global Operations at Qorvo, Inc. (NASDAQ:QRVO), completed a transaction involving the sale of 2,500 shares of the company’s common stock. The total value realized from this disposition amounted to $250,000. This specific trade took place on May 22, 2026, with each share being sold at a price point of $100.00.
The timing of this sale is noteworthy given the recent performance trajectory of Qorvo stock. Over the last year, QRVO shares have climbed by 43%. Currently, the stock trades at $108.21, which is near its 52-week high recorded at $106.46. Despite this robust upward movement, some analysis suggests that the stock may still be undervalued, with it appearing on a platform’s Most Undervalued list.
According to documentation of the sale, Mr. Fego executed the transaction pursuant to a Rule 10b5-1 trading plan. This specific plan was initially adopted by him on November 6, 2025. Following the completion of this direct stock trade, Paul J. Fego's remaining holdings in Qorvo common stock total 71,038 shares.
Operational Metrics and Financial Performance
In related corporate developments, Qorvo Inc. recently disclosed its fourth-quarter results, which successfully surpassed the expectations set by industry analysts. The company reported an adjusted earnings per share of $1.69. This figure was notably higher than the consensus estimate of $1.21, representing a positive differential of $0.48.
Revenue for the quarter reached $808.3 million. While this amount exceeded the projected revenue of $801.31 million, it did reflect a decline when compared to the $869.5 million reported during the same period in the previous year, marking a 7.0% decrease.
A key indicator of operational health was Qorvo’s adjusted gross margin, which rose to 52.6%. This represented an increase of 670 basis points when compared year-over-year. CEO Bob Bruggeworth attributed this improvement to what he termed