Qorvo stock is moving higher on Friday following a Wall Street Journal report revealing that activist investor Starboard Value has acquired a 7.7% stake in the company.

U.S. stock indexes are tacking on some more gains as they head toward the close of their best week in two months. The S&P 500 was 0.9% higher in early trading Friday. The Dow Jones Industrial Average was up 335 points,

Qorvo shares rose in early trading Friday after a Wall Street Journal report found that activist investor Starboard Value has built a big stake in the chip maker and is looking to push for changes. Shares rose 7.3% higher in premarket trading at $78.99.

Shares of communications chips maker Qorvo (NASDAQ: QRVO) jumped 11.9% in the morning session after activist investor, Starboard Value, disclosed a 7.7% stake in the company. This move is noteworthy given that activist investors often bring about significant changes in targeted companies,

Fifth Third Wealth Advisors LLC bought a new position in shares of Qorvo, Inc. (NASDAQ:QRVO – Free Report) in the fourth quarter, HoldingsChannel.com reports. The firm bought 2,883 shares of the semiconductor company’s stock,

Another engine of value creation for Wall Street that has been slow in recent years is the IPO market — which is also set to pick up.

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U.S. equities were higher at midday Friday as positive reports on inflation raised investor optimism for more Federal Reserve rate cuts ahead.

Qorvo stock is soaring Friday after activist investor Starboard Value disclosed a new stake in the Apple supplier. Here's what investors need to know.

Shares had closed at a new record on Thursday ahead of the Switch 2 announcement, building on the 26% gain last year amid growing expectations for the new hardware. On Friday, the stock fell as much as 7.2% before paring losses to close 4.3% lower at 9,181 yen, equivalent to $59.15. That was its biggest one-day percentage drop since end-September.

Activist investor Starboard Value has built a 7.7% stake in Qorvo, the Wall Street Journal reported on Thursday, citing people familiar with the matter. (Reporting by Gnaneshwar Rajan in