On August 15, 2024, Grant Brown, Senior Vice President & Chief Financial Officer of Qorvo Inc (QRVO, Financial), sold 16,292 shares of the company. The transaction was executed 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 (QRVO, Financial) is a leading provider of innovative RF solutions that connect the world. The company's technologies are integral to a wide range of applications, including smartphones, base stations, and defense and aerospace products.
Over the past year, the insider transaction history at Qorvo Inc shows a trend with 1 insider buy and 26 insider sells. Specifically, Grant Brown has sold a total of 16,292 shares and has not made any purchases in the same period.
Shares of Qorvo Inc were trading at $109.73 on the day of the transaction, giving the company a market cap of approximately $10.55 billion. According to the GF Value, which is set at $120.89, Qorvo Inc is currently fairly valued, with a price-to-GF-Value ratio of 0.91.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company’s past returns and growth, and future business performance estimates from Morningstar analysts.
This recent sale by Grant Brown marks a significant transaction within the company's insider activity, reflecting ongoing movements in Qorvo Inc's stock ownership structure.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
