On August 8, Skyworks Solutions rose 5.04% in regular trading, trading at $70.255/share, with turnover of $176 million.

On the news front, Skyworks Solutions announced that the Hart-Scott-Rodino (HSR) antitrust waiting period for its acquisition of Qorvo has officially expired, signaling that the U.S. Federal Trade Commission review hurdle has been cleared and the merger is advancing toward final completion. The combined entity is valued at approximately $22 billion, with expected annual cost synergies exceeding $500 million within 24 to 36 months post-closing. The company expects the merger to close before year-end, subject to shareholder approval and other customary closing conditions.

For context, Skyworks previously reported fiscal Q3 adjusted EPS of $1.08, beating estimates of $1.01, on revenue of $934.8 million versus expectations of $920.3 million. RBC Capital Markets has noted the merger reduces single-socket risk and adds defense, satellite, and data center capabilities, raising its price target to $80 while maintaining a sector perform rating.

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