Starboard Value sees significant upside potential for Skyworks Solutions following Qorvo merger
SWKS Skyworks Solutions Inc
$79.70 +0.76%
View chart & analysis → - 1Starboard Value believes Skyworks Solutions has substantial upside potential if it achieves cost savings and profit margin targets through the merger with Qorvo.
- 2Skyworks Solutions agreed last year to a deal valued at approximately $22 billion for the merged entity of Skyworks and Qorvo.
- 3Management aims to achieve the projected operating margin of 30% to 35% within 2 to 3 years and an annual cost savings target of $500 million for the companies within 3 years.
So what's the key point?
What is the main point? Skyworks Solutions is merging with Qorvo to reduce costs and increase profits. Experts believe the stock price could rise significantly if this plan succeeds.
Source Investing.com · View original ↗
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