Skyworks' Upbeat Forecast Aided by Customer and End Market Diversification; Maintain $92 FVE
Skyworks Solutions reported strong fiscal first-quarter results and gave investors a notably upbeat forecast for its fiscal second quarter that points to healthy ongoing radio frequency chip demand from not only Apple for its latest iPhone 7 launch, but also several leading Chinese smartphone manufacturers. We will maintain our $92 fair value estimate and narrow moat rating for Skyworks. Shares were up 8% after hours to the $84 range and are coming closer to being fairly valued, in our view.Sky...
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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