Starboard Value LP

CarMax Inc (NYSE:KMX) could highlight its turnaround plans under a new CEO, alongside an activist investor push when the company reports fourth-quarter (Q4) financial results Tuesday before market open. Here are the earnings estimates, analyst ratings and key items to watch. Q4 Earnings Estimates...

Activist investor Starboard Value LP has reportedly acquired a 7.7% stake worth approximately $500 million in Qorvo Inc. (NASDAQ:QRVO) on Thursday, targeting the struggling semiconductor manufacturer for potential operational changes. What Happened: The stake, led by Starboard CEO Jeff Smith, comes...

In October 2014, Starboard Value CEO and co-founder Jeffrey Smith made headlines for taking over Darden Restaurants (NYSE: DRI) by clearing the board and making himself the chairman with an 8.8% stake in the company. His goal was to make its subsidiaries, Long Horn Steakhouse and Olive...

On Tuesday, The Wall Street Journal reported activist investor Starboard Value LP has taken a stake in CVS Health Corp (NYSE: CVS) and has been holding talks with the drugstore. It's unknown how much Starboard currently owns of CVS. See Also: CVS Health Reports Q3 Earnings Beat, Raises...

In an open letter to Yahoo! Inc. (NASDAQ: YHOO) shareholders, Starboard Value LP has announced it intends to nominate nine candidates for election to Yahoo’s board of directors. Starboard is one of Yahoo’s largest investors and currently holds about a 1.7 percent stake in the company...

Starboard Value LP acquired a 6.7 percent share in semiconductor supplier Marvell Technology Group Ltd. (NASDAQ: MRVL), according to an SEC filing Wednesday morning. The company purchased 34.7 million shares. The purchasers, semiconductor executives Rick Hill, Oleg Khaykin and Jeff McCreary,...

There is a general Street perception that companies and managements fear activist investors or have a strong dislike toward the industry. However, according to Jeffrey Smith, founder CEO and CIO of Starboard Value LP, that's not always the case nor an accurate representation of the profession...

Activist hedge fund Starboard Value LP publicly urged Yahoo! Inc. (NASDAQ: YHOO) last September to merge its core business with AOL, Inc. (NYSE: AOL), something that it reiterated in January this year. However, the hedge fund isn't pressing for that merger anymore, even though it is engaged...

Shares of Darden Restaurants, Inc. (NYSE: DRI) are up more than 40 percent since October 2014, when the company's shareholders voted in favor of replacing the entire board with directors nominated by the hedge fund Starboard Value LP. Jeffrey Smith, Starboard Value founder, was on CNBC...

One of the most vocal shareholders of Yahoo! Inc. (NASDAQ: YHOO), Starboard Value LP, sent a new letter to the company Thursday, raising concerns over news that Yahoo is looking to make a big-ticket acquisitions. Business Insider editor-in-chief and CEO Henry Blodget was on CNBC to discuss if...

Shares of Yahoo! Inc. (NASDAQ: YHOO) and AOL, Inc. (NYSE: AOL) rallied Thursday following the release of a letter from Starboard Value LP to Yahoo CEO Marissa A. Mayer. The letter claimed that the “$1.3 billion [Yahoo!] spent on acquisitions has clearly not delivered value to shareholders...