Company Update (NASDAQ:SWKS): Skyworks Solutions Inc Expands Filter Operations in Japan

Skyworks Solutions Inc (NASDAQ:SWKS), an innovator of high performance analog semiconductors connecting people, places and things, today announced that it is expanding production capacity in Japan to meet the growing demand for its filter technology. Skyworks is facilitizing a two-story, 405,000 square foot facility in Osaka that will house the design, development and manufacture of filter devices to complement its industry leading front-end solutions and world-class assembly, test and packaging capabilities. With the additional capacity, Skyworks is well positioned to offer differentiated architectures for the most demanding customer applications where high performance filter technology is required – addressing the stringent technical challenges associated with tighter band spacing and coexistence across low, mid and high band LTE frequencies. The facility will be fully operational by September.

“Skyworks’ investment in filter capacity reflects our commitment to delivering the world’s most highly integrated, cost efficient and shortest cycle time front-end solutions,” said David J. Aldrich, chairman and chief executive officer for Skyworks Solutions. “Given the increasing importance of filters to our target markets and customers, we are expanding our internal capability to meet current and future demand in a world-class environment. At a higher level, our enhanced capability aligns with our unique business model of combining above market top-line growth with the best-in-class financial returns of a diversified analog semiconductor company.” (Original Source)

Shares of Skyworks Solutions closed yesterday at $89.90. SWKS has a 1-year high of $112.88 and a 1-year low of $44.06. The stock’s 50-day moving average is $98.08 and its 200-day moving average is $95.95.

On the ratings front, Skyworks Solutions has been the subject of a number of recent research reports. In a report issued on August 5, Oppenheimer analyst Rick Schafer reiterated a Buy rating on SWKS, with a price target of $120, which represents a potential upside of 33.5% from where the stock is currently trading. Separately, on July 24, Ascendiant Capital’s Cody Acree reiterated a Buy rating on the stock and has a price target of $120.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Rick Schafer and Cody Acree have a total average return of 22.7% and 22.3% respectively. Schafer has a success rate of 76.8% and is ranked #15 out of 3734 analysts, while Acree has a success rate of 50.9% and is ranked #248.

The street is mostly Bullish on SWKS stock. Out of 13 analysts who cover the stock, 11 suggest a Buy rating and 2 recommend to Hold the stock. The 12-month average price target assigned to the stock is $112.58, which represents a potential upside of 25.2% from where the stock is currently trading.

Skyworks Solutions Inc, together with its consolidated subsidiaries is an innovator of high reliability analog and mixed signal semiconductors.

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