SWKS - Skyworks Solutions, Inc (was AHAA) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : SWKS - Skyworks Solutions, Inc (was AHAA)

SWKS 97.79

+1.7%

3:59 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: mlc178	10/15/2019 2:07:56 PM
	of 1698

thesteet.com: Skyworks, Qorvo Shares Climb as Cowen Chips in Upgrade to Outperform By Rob Lenihan Updated Oct 10, 2019 9:42 AM EDT Shares of Skyworks Solutions (SWKS - Get Report) and Qorvo (QRVO - Get Report) were both climbing Thursday after an analyst at Cowen upgraded the semiconductor companies to outperform from market perform. Skyworks Solutions rose 3.6% to $83.64 while Qorvo climbed 3% to $75.50. Analyst Karl Ackerman also increased his price target on Qorvo to $90 from $75, saying in a note that the stock's risk-reward is skewed to the upside with $7.50 to $8 a share of earnings possible in 2021. Although Qorvo's content is lower this iPhone (AAPL - Get Report) cycle, Ackerman sees unit upside ahead of higher radio-frequency content in a 5G-enabled phone in 2020. He also said that while the U.S.-China trade war is not likely to end soon, a resolution over the next few quarters may add $500 million of revenue and $1 of earnings per share to 2020 estimates for the company. Ackerman increased his target for Skyworks to $95 from $80. The company's content continues to ramp during the current iPhone cycle, he said, and, again, higher radio-frequency content in a 5G-enabled phone presents unit upside potential in 2020. In addition, Chinese tech company Huawei is 90% discounted into 2020 estimates, which could drive $350 million in sales and 60 cents in EPS upside if the U.S. and China resolve their trade issues. Ackerman also said WiFi 6m is "finally here," enabling Skyworks to dominate in smart-home applications.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next