Pacific Crest analyst John Vinh weighs in on Skyworks Solutions Inc (NASDAQ:SWKS) ahead of the company’s F3Q16 results today, after market close.

The analyst expects a weaker-than-expected iPhone 7 ramp down of 15% to 20%, which he believes will “undermine the content story of the iPhone 7 cycle. The analyst expects in-line FQ3 results for SWKS and anticipates lower F4Q guidance ahead of a more muted iPhone 7 ramp.

Vihn believes that iPhone 7 builds will plateau early, when compared to previous releases, suggesting greater risk to Skyworks’ F1Q17 estimates. The analyst affirms, “We believe the stock is likely to remain\ range-bound during the iPhone 7 cycle until we get to the release of the OLED iPhone in 2018. We have a Sector Weight rating on SWKS and see fair value in the range of $67 to $73, which is based on 12x to 13x our F2017 EPS.”

The analyst reiterates a Sector Weight rating for SWKS without a definitive price target.

According to TipRanks, the consensus target price fro SWKS is $79.69, marking a 14.68% upside from current prices. Half of all analysts covering the stock issue a Buy rating for SKWS, while 31% maintain a Hold rating, and 29% uphold a Sell rating for the stock.

John Vinh is ranked #934 of 4,073 analysts on TipRanks, with a success rate of 45% and an average return of 4.8%. When rating SWKS, Vinh sustains a success rate of 40% and an average profit of -4.2%.