Starboard sees growth potential in Skyworks after Qorvo deal, Bloomberg reports
FROM THE WIRE · SEEKINGALPHA.COM
[Skyworks Solutions office nestled in the heart of Silicon Valley. Skyworks Solutions, Inc. is an American semiconductor company] Michael Vi Starboard Value sees significant upside in Skyworks Solutions (SWKS [https://seekingalpha.com/symbol/SWKS]), viewing the chipmaker as…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishAn activist investor seeing undervaluation in Skyworks can support the stock and pressure management.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Starboard Value sees significant upside in Skyworks Solutions.
- 02The combined company targets at least $500M in annual cost savings within three years.
- 03Management expects operating margins of 30%-35% within two to three years.
- 04The report cites people familiar with the matter.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Skyworks Solutions, Inc.79.70 USDMarket closedtoday +0.76%Positive Qorvo, Inc.114.17 USDMarket closedtoday 0.00%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets