SWKS) seems well-positioned to benefit from radio frequency front-end solutions for 5G-enabled devices going into production over the next year, according to Rosenblatt Securities.
Skyworks Solutions with a Buy rating and $160 price target.” data-reactid=”20″>The Skyworks Solutions Analyst: Kevin Cassidy initiated coverage of Skyworks Solutions with a Buy rating and $160 price target.
5G could evolve into the backbone network for connecting automobiles, IoT appliances, factory robotics and various other appliances to the internet, and this market segment contributes 30% of Skyworks Solutions’ revenue, the analyst said.
“The company can leverage its multiple generations of cellular RF technology leadership and smartphone OEM relationship to expand its customer base. The increasing RF front-end design complexity will continue the company’s long-term margin expansion, in our view,” he said.
“Improving profitability, pristine balance sheet and shareholder friendly policy makes SWKS an attractive Buy in front of the 5th generation of communications.”
Latest Ratings for SWKS
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 2020 | Rosenblatt | Initiates Coverage On | Buy | |
| Jul 2020 | Citigroup | Maintains | Neutral | |
| Jul 2020 | Piper Sandler | Maintains | Overweight |
View the Latest Analyst Ratings” data-reactid=”34″>View More Analyst Ratings for SWKS
View the Latest Analyst Ratings
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