Skyworks Gives a Solid Second-Half Outlook as Business Conditions Appear Steady; Maintain $98 FVE
Skyworks Solutions reported solid fiscal third-quarter results and provided investors with a fiscal fourth-quarter outlook that was modestly ahead of our prior expectations. Business conditions appear to be healthy, as the firm expects 17% year-over-year revenue growth in its September quarter and should retain content in Apple's upcoming iPhones. We will maintain our $98 fair value estimate and narrow moat rating for the firm, but we would continue to look for a wider margin of safety in the st...Skyworks Solutions is a provider of analog semiconductors that connect people, places, and things, spanning a number of applications within the aerospace, automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets. The company's product portfolio consists of various solutions, including: amplifiers, antenna tuners, attenuators, circulators/isolators, wireless analog system on chip, direct current (DC)/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrid, light emitting diode drivers, low noise amplifiers, mixers, and modulators.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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