Starboard Value has built a 7.7% stake in Qorvo , the chipmaker revealed in a filing on Friday, as the activist investor looks to boost the company's weak share price.

Qorvo, Inc. (NASDAQ:QRVO), a leading manufacturer of radio frequency (RF) products, has recently caught the attention of investors and analysts alike due to the involvement of activist investor Starboard Value.

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Shares of Qorvo Inc. (QRVO) slipped over 2% in mid-day trading Tuesday, as investors awaited the company’s third-quarter earnings release after the market close. Analysts forecast earnings per share (EPS) of $1.