We recently published Jim Cramer Discussed These 25 Stocks In An Important Show About AI Spending. Qorvo, Inc. is one of the stocks Jim Cramer recently discussed.
Qorvo, Inc. is a semiconductor company that designs and sells radio frequency, power management, sensors, and other chip products. The firm came on Cramer’s radar after larger peer Skyworks Solutions announced that it would buy Qorvo, Inc. to create a $22 billion entity. The firm’s shares closed 5.7% higher the day the deal was announced, with Skyworks per share offer of $32.50 in cash and 0.960 of its own shares translating into a final offer price of $105.31. Mizuho raised the firm’s share price target to $93 from $75 on Monday and kept a Neutral rating as it pointed to a Chinese market exit and a dip in iPhone sales. Cramer discussed Qorvo, Inc.’s deal with Skyworks:
“Now by the way the Skyworks Solutions deal with Qorvo. People were talking about how business is not going to be that good with the largest customer, you know that’s slowing down. I’m not getting that [inaudible] with Skyworks yesterday. That’s a good deal, David, you ought to check that out.”
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This article is originally published at Insider Monkey.
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