|Bid||101.4200 x 100|
|Ask||101.4600 x 100|
|Day's range||101.0500 - 103.1100|
|52-week range||76.4900 - 117.6500|
|PE ratio (TTM)||18.71|
|Earnings date||5 Feb 2018|
|Forward dividend & yield||1.28 (1.26%)|
|1y target est||117.89|
Apple's return to a buy zone Friday had key shortcomings. Meanwhile, iPhone chip suppliers such as Broadcom, Qualcomm and Skyworks have been bigger laggards.
Case in point: wireless-chip giant Qualcomm (QCOM), which is under a hostile takeover attack by even-more-gigantic rival, Broadcom (AVGO). Last week at the Consumer Electronics Show in Las Vegas, Qualcomm announced some new business it won in the radio frequency, or RF chip, business. Broadcom in early November made an unsolicited $130 billion bid for Qualcomm.
Micron Technology (MU) tumbled to the bottom of the S&P 500 today as Apple's (AAPL) suppliers got hit following reports of sluggish iPhone X uptake. Qorvo (QRVO), Skyworks Solutions (SWKS) and Broadcom ...
B. Riley FBR’s semiconductor analyst, Craig Ellis, today defends shares of Skyworks Solutions (SWKS) and Broadcom (AVGO), among others, following reports out of Taiwan, and from boutique brokerages, that say Apple’s (AAPL) been cutting orders for the iPhone X. "We would be opportunistic in adding to positions in impacted covered companies on today’s weakness,” writes Ellis, “as in our view fundamentals continue to track to levels supporting Consensus expectations." And it’s still possible, writes Ellis, that there could be “upside” to Street views. Ellis notes that DigiTimes on Friday suggested that iPhone X build plans were going higher, making up more of the total share of iPhones expected to be sold this quarter and the next two quarters.
[Corrects analyst attribution, trading date of research.] J.P. Morgan analysts Bill Peterson and Harlan Sur last Friday offered up the observation that investor concerns about wireless chip makers, in particular Qorvo, (QRVO), have been built up too much, and that you could considering going long their stocks. Qorvo, which is rated by Peterson at an Overweight, is the best pick at the moment in the wireless bunch, and preferable to Skyworks Solutions (SWKS), in his view, having the "most upside over the next 12-18 months on outsized earnings and FCF growth, margin expansion and non-mobile business strength." The stocks have been weak in the past couple months, underperforming the benchmark Philadelphia Semiconductor Index, the authors note. Investors have been worrying that Apple’s (AAPL) iPhone X, for which Qorvo and Skyworks are big suppliers, may experience cuts in production, which could result in a cut in orders for parts from the chip makers.
Skyworks Solutions (SWKS) have been performing well of late. The company's LTE solutions have helped it to gain market traction.
Sales of Chinese smartphone makers are weaker than expected, of late, which is prompting those vendors to cut chip orders, according to an article today by Sammi Huang and Joseph Tsai of DigiTimes. Craig Ellis, who follows the shares of wireless chip makers Skyworks Solutions (SWKS), among others, for B. Riley, urges investors not to worry, the stocks are already discounting this. The piece by Huang and Tsai claims three Chinese vendors in particular, Huawei, Oppo, and Vivo, "are taking about less 10% of smartphone shipments than their original orders from the supply chain makers for the fourth quarter of 2017,” citing multiple unnamed sources.
This semiconductor chipmaker is poised to capitalize on the growth of the Internet of Things and the jump to 5G wireless networks.
KeyBanc estimates that Cirrus Logic and Skyworks Solutions could earn $0.05–$0.08 in earnings per share for every 5 million iPhone 8 and iPhone X models sold by Apple.
Suppliers of chips for Apple iPhones will see shares under pressure as sales expectations come down, an analyst says.
Stock futures edged higher Wednesday. Democrat Doug Jones won an Alabama Senate special election as the Fed is set to hike rates. Apple is on track to forge a new base.
John Vinh, chip analyst with KeyBanc Capital Markets, this morning writes that there are “limited catalysts” for companies that sell to Apple (AAPL), including Broadcom (AVGO), Cirrus Logic (CRUS), and Skyworks Solutions (SWKS), given that the there are still constraints on the supply of the iPhone X, while inventories are building of the other new device, the 8.
Let's put Skyworks Solutions, Inc. (SWKS) stock into this equation and find out if it is a good choice for value-oriented investors right now.
Sierra is still a great “pure play” on the IoT market, but Skyworks offers investors more bang for their buck.