MarketPR
The late-2025 cash-and-stock agreement to combine Qorvo (NASDAQ: QRVO) with semiconductor competitor Skyworks (NASDAQ: SWKS) is in focus after FPA Queens Road Small Cap Value Fund disclosed it sold its position when the deal was announced.
Qorvo supplies radio-frequency and connectivity semiconductors for smartphones, wireless infrastructure, and automotive systems.
The stock closed at approximately $94.73 on August 31, 2026, within a 52-week range of $74.92 to $109.49 and a market capitalization of approximately $8.48 billion.
The exit rationale First Pacific Advisors' Queens Road Small Cap Value Fund, writing in its Q2 2026 investor letter, described Qorvo as a wireless semiconductor supplier that always traded cheaply because of customer concentration.
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