Jim Cramer Discusses Qorvo (QRVO)’s Deal With Skyworks

Core Viewpoint - Qorvo, Inc. (NASDAQ:QRVO) is in the spotlight following the announcement of its acquisition by Skyworks Solutions, which aims to create a combined entity valued at $22 billion [2]. Company Overview - Qorvo, Inc. is a semiconductor company specializing in radio frequency, power management, sensors, and other chip products [2]. - The acquisition deal includes a cash offer of $32.50 per share and 0.960 of Skyworks' shares, resulting in a final offer price of $105.31 per share for Qorvo [2]. Market Reaction - Following the announcement of the acquisition, Qorvo's shares increased by 5.7% [2]. Analyst Insights - Mizuho raised Qorvo's share price target from $75 to $93 while maintaining a Neutral rating, citing concerns over a Chinese market exit and declining iPhone sales [2]. - Jim Cramer expressed a positive outlook on the Skyworks deal, suggesting it is a good opportunity despite concerns about business performance with major customers [3].