Core Insights - Qorvo's shares increased by 11% in pre-market trading following reports of Skyworks Solutions' interest in acquiring the company [1] - Skyworks has a market cap of approximately $11 billion, while Qorvo's market cap is over $8 billion [2] Company Performance - Qorvo has appointed Richard Clemmer and Christopher Koopmans as independent directors to its board amid pressure from activist investor Starboard Value to improve its share price [3] - Qorvo's stock has risen by 32% this year, trading at $102.35, while Skyworks' stock has decreased by 14.26%, currently priced at $74.12 [4] Market Analysis - Qorvo shows a strong momentum score of 63.59, with moderate scores in value, growth, and quality, indicating positive price trends across various time frames [5] - In contrast, Skyworks exhibits weak momentum, growth, and quality scores below 30, although it has a moderately strong value score of 57.24, with positive price trends as well [5]
Apple Supplier Qorvo's Shares Surge 11% Pre-Market On Tuesday — What's Going On? - Apple (NASDAQ:AAPL), Qorvo (NASDAQ:QRVO)