Report
Valens Research

SWKS - Embedded Expectations Analysis - 2020 12 28

Skyworks Solutions, Inc. (SWKS:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) earnings, with a 21.0x Uniform P/E. At these levels, the market has bearish expectations for the firm, and management may have concerns about demand, 5G, and design wins

Specifically, management may have concerns about the sustainability of demand and the redistribution of technology in the Chinese market. In addition, they may be overstating their 5G handset position in China and their focus on listening to customer needs. Finally, they may lack confidence in their ability to ramp up their Sky5 solutions and sustain strong design wins acceleration
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.

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Valens Research
Valens Research

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