Qorvo Inc

Skyworks CEO Phil Brace said the $22 billion merger with Qorvo is in its final stages and is now expected to close within the current calendar year. The FTC let its deadline expire without intervening; only approvals in China and South Korea remain outstanding. Shareholders will receive $32.50 in cash plus 0.96 Skyworks shares for each Qorvo share; Qorvo recently reported unexpectedly strong quarterly results and raised its fiscal 2027 EPS target to above $7.00, which has boosted the stock price. » Mere på de.investing.com

Qorvo shares climbed about 6.9% intraday to reach a new 52-week high, driven by comments from Skyworks at the Goldman Sachs conference about the status and leadership structure of the planned merger. Skyworks also announced extensions of the exchange offers for Qorvo bonds (maturities 2029, 2031). The proposed transaction contemplates 0.960 Skyworks shares plus $32.50 in cash per Qorvo share and implies an enterprise value of roughly $22 billion. Strong quarterly results from Qorvo, with revenue and non-GAAP earnings beating expectations, further supported the price move. » Mere på de.investing.com

Qorvo agreed to be acquired by competitor Skyworks in a cash and stock deal, leading FPA Queens Road Small Cap Value Fund to sell its position. The fund noted Qorvo's specialized radio‑frequency semiconductor business and historical customer concentration as reasons it had traded cheaply. Qorvo shares recently traded around $94.73 with a market cap near $8.48 billion. » Mere på finance.yahoo.com

Paul J. Fego, Qorvo SVP of global operations, had 3,944 shares withheld on August 5 to cover tax obligations, leaving him with 79,460 directly held shares valued at about $7.57 million. The withholding was an automated, non‑discretionary tax-related disposition that coincided with similar vesting-related filings from six other insiders. Qorvo is operating without guidance while awaiting regulatory review of its sale to Skyworks, expected to close in early 2027. The company’s last reported quarter showed a 7% revenue decline to $808 million but non‑GAAP EPS beat estimates, and the deal’s cash‑and‑stock consideration makes Skyworks developments material for shareholders. » Mere på finance.yahoo.com

Qorvo CFO Grant Brown reported a non-discretionary disposition of 4,628 shares on Aug. 5, where the company withheld shares to satisfy tax liabilities from vested equity awards. After the transaction Brown holds 54,447 shares, about 0.06% of the company, valued at roughly $5.19 million at the Aug. 5 close. The insider move is routine and comes as Qorvo is being acquired by Skyworks, has paused earnings calls and guidance, and is seeing revenue pressures as smartphone demand softens. » Mere på finance.yahoo.com