Skyworks Solutions

Skyworks Solutions stock rose to a new 52-week high of $90.99 and is currently trading around $91.31, giving it a market capitalization of about $13.6 billion. The stock is up 35% year-to-date and 53% over the past six months, while the P/E ratio stands at 46.26; an InvestingPro analysis ranks the shares as relatively overvalued. Skyworks slightly beat adjusted Q3 earnings and revenue, but investors are concerned about the outlook, margin pressure and capital allocation. Analyst ratings remain mostly neutral with revised price targets, and the proposed combination with Qorvo is seen as a potential growth driver. » Więcej na de.investing.com

Skyworks says the merger with Qorvo is close to completion and would create a pro‑forma revenue run‑rate of about $8.0–8.1bn and roughly $500m of synergies. Management cites mobile, data centers, automotive and defense as growth areas but warns of near‑term margin pressure from higher input costs. Skyworks plans a $2bn share buyback program and is suspending the quarterly dividend; target margins for the combined company are 50–55% gross and 30–35% operating. Expected growth is seen in the mid‑ to high‑single‑digit percentage range, with closing subject to final approvals. » Więcej na de.investing.com

Shares of Skyworks Solutions rose about 10% while Qorvo climbed 6% as CEO Phil Brace said China’s SAMR review has advanced to its final phase and the companies target a year‑end close. The move appears driven by merger‑arb repricing amid sector weakness, with the iShares Semiconductor ETF down. Skyworks disclosed roughly $2 billion of acquisition debt financing, a $2 billion share‑repurchase authorization and the suspension of its quarterly dividend to prioritize buybacks and deleveraging. Apple remains the largest customer for both companies, linking the combined revenue to iPhone volumes and content per device. » Więcej na finance.yahoo.com