Qorvo insider stock disposals are now largely a formality because the company is being acquired by Skyworks Solutions under terms that convert each Qorvo share into $32.50 in cash plus 0.96 of a Skyworks share. A recent filing showed SVP Steven E. Creviston disposed of 3,949 shares at $95.04 per share on August 5, a non-discretionary move to cover tax withholding that trimmed his direct holdings by 3% to 124,261 shares. The deal, initially expected by early 2027, could close sooner according to Skyworks CEO Phil Brace, who said he is optimistic about closing within the calendar year. Qorvo’s fiscal fourth-quarter revenue fell 7% to $808 million, but non-GAAP earnings of $1.69 a share beat the $1.21 estimate.
Qorvo IncAcquisition by Skyworks at $32.50 cash plus 0.96 Skyworks shares per Qorvo share, with potential early close.
Skyworks Solutions IncAcquiring Qorvo, expanding scale and product portfolio, with CEO optimistic about closing within the year.
