On August 15, 2024, Grant Brown, Senior Vice President & Chief Financial Officer of Qorvo Inc (NASDAQ:QRVO), sold 16,292 shares of the company’s stock. The transaction was performed at a price of $109.73 per share, as detailed in the SEC filing. Following this transaction, the insider now owns 40,637 shares of Qorvo Inc.
Qorvo Inc (NASDAQ:QRVO) is a leading provider of innovative RF solutions that connect the world. The company’s technologies are integral to a broad range of applications, including smartphones, base stations, and defense and aerospace products.
Over the past year, insider transaction history at Qorvo Inc. shows a trend with 1 insider purchase and 26 insider sales. Specifically, Grant Brown sold a total of 16,292 shares and made no purchases during the same period.
Qorvo Inc. shares were trading at $109.73 on the day of the transaction, giving the company a market capitalization of around $10.55 billion. According to the GF Value set at $120.89, Qorvo Inc. is currently fairly valued at a Price to GF Value ratio of 0.91.
The GF value is calculated based on historical multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company’s past earnings and growth as well as Morningstar analysts’ estimates of future business performance.
This recent sale by Grant Brown represents a significant transaction within the Company’s insider activity and reflects ongoing movements in Qorvo Inc.’s share ownership structure.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
