Tranche Update on Qorvo, Inc.'s Equity Buyback Plan announced on October 31, 2019.
August 05, 2021 at 04:26 pm EDT
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From April 4, 2021 to May 5, 2021, the company has repurchased 69,000 shares, representing 0.06% for $13.25 million. With this, the company has completed the repurchase of 6,107,629 shares, representing 5.32% for $762.5 million under the buyback announced on October 31, 2019.
Qorvo, Inc. specializes in the design, production and marketing of radio-frequency components and solutions. In particular, the group makes power amplifiers, embedded modules, selector switches, duplexers, power management devices, wireless connection solutions, frequency convertors, oscillators, couplers and optical components.
Net sales break down by activity as follows:
- mobile terminals and electronic devices (76.3%);
- defense and aeronautics equipment, network infrastructures (23.7%).
At the end of March 2022, the group had 7 production sites located in the United States (3), China (2), Costa Rica and Germany.
Net sales break down geographically as follows: the United States (41.5%), China (32.3%), Taiwan (7.4%), Asia (13.4%) and Europe (5.4%).
QORVO, INC. 
