On October 9, Skyworks Solutions fell 5.87% in regular trading, trading at $76.165/share, with Turnover of $31.5584 million. The decline extends post-merger profit-taking pressure after the company completed its combination with Qorvo on October 5.
The combined entity expects annualized cost synergies of at least $500 million within 24 to 36 months and an immediate boost to non-GAAP EPS. Despite neutral-to-positive ratings from multiple investment banks, including RBC Capital Markets maintaining a sector perform rating with a $95 target price, the shares have pulled back after an initial post-announcement spike as full synergy realization is not expected until the second half of 2028.
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