These Analysts Increase Their Forecasts On Skyworks Solutions

Group 1 - Qorvo, Inc. and Skyworks Solutions, Inc. announced a merger deal valued at approximately $22 billion, structured as a cash-and-stock transaction [1] - Qorvo shareholders will receive $32.50 in cash and 0.960 of a Skyworks share for each share they hold [1] - Skyworks has secured debt financing commitments from Goldman Sachs Bank USA and will utilize cash on hand to fund the merger [1] Group 2 - Skyworks Solutions reported $1.10 billion in revenue and adjusted EPS of $1.76 for the fourth quarter, generating $200 million in operating cash flow [2] - The company declared a dividend of $0.71 per share during the quarter [2] - Following the merger announcement, Skyworks Solutions shares increased by 5.8%, closing at $80.26 [2] Group 3 - Barclays analyst Tom O'Malley upgraded Skyworks Solutions from Underweight to Equal-Weight, raising the price target from $58 to $88 [4] - Citigroup analyst Atif Malik upgraded the stock from Sell to Neutral, increasing the price target from $66 to $91 [4]