QRVO

Activist investor Starboard Value believes Skyworks Solutions (NASDAQ:SWKS) could benefit from cost reductions and improved operating margins following its merger with Qorvo, according to a Bloomberg News report published on Monday.

Investing.com-- Starboard Value sees significant upside in Skyworks Solutions (NASDAQ:SWKS) if the wireless chipmaker delivers on the cost savings and margin targets of its merger with Qorvo, Bloomberg News reported on Monday, citing people familiar with the…

Qorvo has ridden a strong share price recovery this year, and the stock now sits inside a much larger combined chip group after its acquisition by Skyworks Solutions.

The updated analyst work on Skyworks Solutions reflects a small adjustment to fair value, with the estimate moving from US$68.35 to US$69.82 per share.

The merged entity will expand market reach, technology portfolio and target $500m in annual cost savings within three years.

IRVINE, Calif., Oct.

Skyworks Completes Combination with Qorvo Expands technology portfolio and addressable market, with $500 million or more in expected annual cost synergies

Among the major deals in focus are Paramount Skydance and Warner Bros. Discovery’s merger, Skyworks and Qorvo’s combination, and Advanced Micro Devices’ acquisition of World Labs.

IRVINE, Calif., Sept.