#5 - Skyworks Solutions (NASDAQ:SWKS)
Skyworks Solutions (NASDAQ:SWKS) is not a high flier among semiconductor stocks. The stock is up just about 20% for the year. The question for investors comes down to how you feel about the company’s 5G opportunity.
Skyworks posted solid third-quarter numbers (ending in June). But in the smartphone sector the numbers were not good on a year-over-year basis. But that’s not too worrisome as that quarter tends to be the company’s worst quarter anyway.
And the company has also largely resolved any revenue it was losing from Huawei restricting which manufacturers could supply the Chinese company with parts. The company says they now only generate a small portion of its revenue from China and “the worst is behind us.”
The jury is out on whether the company can do that again. But with Apple and other companies scheduled to release new 5G phones later this year, this stock may have some room to run.
About Skyworks Solutions
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.
Read More - Current Price
- $85.41
- Consensus Rating
- Hold
- Ratings Breakdown
- 5 Buy Ratings, 14 Hold Ratings, 3 Sell Ratings.
- Consensus Price Target
- $101.00 (18.3% Upside)
