12:20 PM EDT, 10/28/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our 12-month target to $122 from $110 to better reflect terms of the proposed deal. SWKS plans to acquire QRVO in a cash-and-stock deal (QRVO investors receive $32.50 in cash and 0.96 of SWKS share for each QRVO share), seen closing in CY 27. The deal is seen as being immediately accretive (+$500M in cost synergies within 24-36 months), with pro-forma revenue of $7.7B ($5.1B in Mobile and $2.6B in Diversified Broad Markets) and adjusted EBITDA of $2.1B. Starboard (8% shareholder of QRVO), supports the deal. We think the proposed combination makes a lot of sense and has been a long time coming, which we think offers significant scale benefits, is highly complementary and will improve dynamics across the RF space. Still, we have concerns about the transaction receiving all the necessary regulatory approvals (e.g., China). Both companies have been de-emphasizing exposure to local China OEMs. QRVO posted preliminary Sep-Q revenue of $1.06B and EPS of $2.22, which exceeds expectations of $1.03B and $2.04.