Oppenheimer Maintains Outperform On Skyworks Solutions Inc Following Meeting With Management At MWC


Oppenheimer analyst Rick Schafer weighed in with a few insights on Skyworks Solutions Inc (NASDAQ:SWKS), after he had the opportunity to sit down with the company’s management at the Mobile World Congress (MWC) on Wednesday. The analyst rates the stock an Outperform.

Schafer noted, “Tone was bullish as the company, led by wireless, remains well positioned to capitalize on RF content expansion across multiple served markets. Rising bandcounts, MIMO, carrier aggregation (CA) and receive diversity in 4G LTE devices are driving a sustained increase in RF content/complexity. SWKS’ “systems-level” expertise is leading to improved visibility as OEMs engage ever earlier in the design process. SWKS’ mix within wireless (~75% of sales) should continue improving as integrated/ analog content grows. We see overall wireless segment growth topping 30% in CY15, driven by Apple, Samsung, China and Emerging Markets. Beyond Wireless, Broad Markets continues to benefit from consumers’ appetite for faster broadband speeds, with content on some platforms already up 10x vs earlier generations.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Rick Schafer has a total average return of 24.1% and a 81.5% success rate. Schafer has a 83.0% average return when recommending SWKS, and is ranked #20 out of 3505 analysts.

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