Report
Brian Colello
EUR 100.00 For Business Accounts Only

We Still Foresee a Long-Term Recovery at Skyworks; Maintain $105 FVE, Shares Undervalued

Skyworks Solutions reported solid fiscal second-quarter results in line with the company's previous guidance, and although the midpoint of the firm's fiscal third-quarter revenue forecast fell short of consensus estimates, we continue to foresee a longer-term bounce back in Skyworks' revenue thanks to 4G and 5G content in smartphones and other wireless devices. We suspect that fears around Skyworks may stem from Qualcomm's aspirations and potential to sell more 5G radio frequency content into de...
Underlying
Skyworks Solutions Inc.

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.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Brian Colello

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