Skyworks Solutions Inc (NASDAQ:SWKS), an innovator of high performance analog semiconductors connecting people, places and things, launched SkyOne® Ultra 2.0, a highly integrated, single LTE SKU solution that solves harmonically-related carrier aggregation challenges through design while delivering the highest linear RF power as well as power added efficiency in the world. This next generation platform is a complete RF front-end system consisting of three LTE modules which utilize Skyworks’ revolutionary SkyBlue™ technology in addition to a separate 2G transmitter – covering all of the functionality between the transceiver output and the antenna. This innovative platform not only improves performance in terms of power output and system efficiency, it also delivers this performance in the most compact size commercially available, supporting 22 bands in less than 240 square millimeters.
“With today’s high-end smartphones supporting upwards of 20 frequency bands and more than 30 carrier aggregation combinations, OEMs face tremendous challenges in managing board size and operating battery life,” said Joel King, vice president and general manager of Advanced Mobile Solutions for Skyworks. “SkyOne® Ultra 2.0 delivers on both fronts, providing best-in-class battery life and overall system efficiency in an industry-leading compact footprint. Further, it enables true single SKU platforms with flexible antenna support and a baseband agnostic interface, giving OEMs tremendous competitive advantages and reduced times to market. The fact that SkyOne® Ultra 2.0 also delivers enhanced output power to address emerging Class 2, high power user equipment (HPUE) requirements, demonstrates Skyworks continued ability to leverage our broad systems expertise and create highly configurable and customized solutions that reduce system complexity and deliver unparalleled performance.” (Original Source)
Shares of Skyworks Solutions closed yesterday at $62.62. SWKS has a 1-year high of $112.88 and a 1-year low of $54.50. The stock’s 50-day moving average is $63.66 and its 200-day moving average is $77.40.
On the ratings front, Skyworks has been the subject of a number of recent research reports. In a report issued on February 11, Canaccord Genuity analyst Michael Walkley reiterated a Buy rating on SWKS, with a price target of $105, which implies an upside of 67.7% from current levels. Separately, on February 5, Citigroup’s Atif Malik maintained a Buy rating on the stock and has a price target of $78.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Michael Walkley and Atif Malik have a total average return of 12.2% and 5.9% respectively. Walkley has a success rate of 55.8% and is ranked #31 out of 3664 analysts, while Malik has a success rate of 43.8% and is ranked #752.
The street is mostly Bullish on SWKS stock. Out of 12 analysts who cover the stock, 12 suggest a Buy rating . The 12-month average price target assigned to the stock is $93.20, which implies an upside of 48.8% from current levels.
Skyworks Solutions Inc, together with its consolidated subsidiaries is an innovator of high reliability analog and mixed signal semiconductors.