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GREENSBORO, NC - Qorvo, Inc. (NASDAQ:QRVO), a leading semiconductor company with a market capitalization of $7.36 billion, announced amendments to its corporate bylaws and the ability for shareholders to convene special meetings, according to a recent 8-K filing with the Securities and Exchange Commission (SEC). According to InvestingPro analysis, the company currently trades below its Fair Value, suggesting potential upside for investors.
On Monday, the Board of Directors of Qorvo approved the Third Amended and Restated Bylaws, effective immediately. These bylaws introduce a significant change, allowing stockholders owning at least 25% of the company’s outstanding common stock to call special meetings. This provision was not present in the previous bylaws.
The adoption of these bylaws marks a shift in Qorvo’s governance, potentially providing shareholders with greater influence over corporate decisions. The ability to call special meetings can enable shareholders to address concerns or propose changes outside the company’s regular annual meeting schedule.
The filing also confirmed that Qorvo, Inc., incorporated in Delaware, is registered under the Securities Exchange Act of 1934, with its principal executive offices located at 7628 Thorndike Road, Greensboro, North Carolina. The company’s common stock is listed on The Nasdaq Stock Market LLC under the trading symbol QRVO. The company maintains a strong financial position with a healthy current ratio of 2.77 and operates with a moderate debt-to-equity ratio of 0.46. For deeper insights into Qorvo’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which are available for over 1,400 US stocks.
This SEC filing, dated May 20, 2025, follows the Board meeting that occurred on May 16, 2025, where the amendments were approved. The full text of the Amended and Restated Bylaws has been filed with the SEC and is incorporated by reference in the 8-K filing.
Investors and interested parties can access the full bylaws document, alongside other financial statements and exhibits, through the SEC’s database. As customary, the report was signed by an authorized officer of Qorvo, reaffirming the company’s compliance with SEC regulations.
The information for this article is based on a press release statement.
In other recent news, Qorvo Inc . reported its fiscal fourth-quarter 2025 earnings, surpassing analyst expectations with revenue of $869.5 million and an earnings per share (EPS) of $1.42. This performance exceeded the consensus estimates and was attributed to strong demand in the Defense & Aerospace sector and a significant content win with Apple (NASDAQ:AAPL). For the upcoming June quarter, Qorvo has set revenue and adjusted EPS guidance above market expectations, with projected midpoints at $775.0 million and $0.68, respectively. Despite this positive outlook, Qorvo’s management has chosen not to reconfirm its fiscal year 2026 guidance due to macroeconomic uncertainties.
Meanwhile, KeyBanc Capital Markets maintained its Sector Weight rating on Qorvo, highlighting potential share gains with Apple and a path to 50% gross margins by fiscal year 2027. Stifel also maintained a Hold rating, with a price target of $75, while Loop Capital Markets adjusted its price target for Qorvo to $75 from $90, citing valuation multiples of peers. Needham maintained a Buy rating on Qorvo, albeit reducing the price target from $100 to $90, acknowledging strong performance and future growth driven by the ET PMIC win. These developments reflect a cautious yet optimistic outlook on Qorvo’s future, with analysts closely monitoring the company’s strategic initiatives and partnerships.
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