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Insider Trends: Insider at Qorvo Sells for Tax Adds to 90-Day Selling Trend

05/11/2021 13:05

05:05 PM EDT, 05/11/2021 (MT Newswires) -- On May 10, 2021, Steven E Creviston, VP & President Mobile Products, sold 1,279 Qorvo (QRVO) shares for approximately $219,310 to meet tax obligations. Creviston, after the transactions disclosed in the SEC Form 4 filing, has 54,665 shares of the company, which have a market value of $9.37 million as of the prior-day closing price.

Over the last 90 days, previous to the date of this filing, there have been 7 transactions reported to the SEC, all of which have been sales and have resulted in the disposition of 19,355 company shares by insiders. This compares with the preceding 90-day window of time where there were 8 transactions from 6 insiders which resulted in the net disposition of 17,637 shares.

This is less than the average level of insider transactions in the 25-company Semiconductor Equipment & Testing peer group over the last 90-day period. Peer group activity averaged 154.1 transactions per company, and disposition of 6,176 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1604778/000156761921009569/xslF345X03/doc1.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.