Skyworks: The Qorvo Deal Could Finally Change The Investment Case I rate Skyworks Solutions a Buy, ...

Skyworks: The Qorvo Deal Could Finally Change The Investment Case I rate Skyworks Solutions a Buy, with a price target of $123.11 per share, representing approximately 40% upside from the current share price. The Qorvo merger addresses several standalone issues by adding scale, broader end-market exposure, and a larger customer base. The combined company could generate at least $500 million in annual cost synergies, with additional benefits from better manufacturing utilization and a larger R&D platform.