Company Update (NASDAQ:SWKS): Skyworks Solutions Inc Expands Suite of SkyLiTE™ Solutions

Skyworks Solutions Inc (NASDAQ:SWKS), an innovator of high performance analog semiconductors connecting people, places and things, announced it has expanded its family of SkyLiTE™ front-end solutions powering LTE devices. Originally targeted for mobile platforms in emerging markets, the newest solutions are also being adopted across Internet of Things (IoT) applications that utilize embedded cellular connections such as the connected car and wearables.

The SkyLiTE™ product family incorporates the amplification, switching, Wi-Fi filtering and coupler functionality required to support all major FDD/TDD bands and has been uniquely architected to support the hardware and software compatibility requirements for all major system on a chip platforms. With the addition of external duplexers, this product suite provides OEMs with a scalable and reconfigurable front-end system for broad markets and applications worldwide.

“As the world becomes more connected, OEMs require partners who can deliver system level solutions across traditional as well as new and previously unimagined applications,” said Carlos Bori, vice president of marketing for Skyworks Solutions. “With our SkyLiTE™ portfolio, Skyworks is once again delivering the innovation required by customers seeking the highest levels of integration, performance and flexibility spanning the smartphone, automotive, industrial and wearable markets.”

According to a September 2015 GfK Projector Model Report, LTE will represent approximately 49 percent of total handsets by 2016, up from 22 percent of total handsets in 2014. Further, according to a recent GSMA Intelligence Report, the machine-to-machine (M2M) market has seen rapid growth globally over recent years as operators and governments recognize the potential of IoT and the number of active deployments starts to accelerate. As of December 2014, there were 243 million cellular M2M connections globally. The total number of cellular M2M connections is expected to grow at a compounded annual growth rate of 26 percent between 2014 and 2020, bringing the total to almost one billion connections. In the automotive sector, Business Intelligence forecasts there will be 100 million new cars shipped with built in connectivity by 2020, up from just 20 million today.

Skyworks’ SkyLiTE™ solutions target these fast growing segments. (Original Source)

Shares of Skyworks Solutions closed yesterday at $73.29, down $4.64 or -5.95%. SWKS has a 1-year high of $112.88 and a 1-year low of $68.71. The stock’s 50-day moving average is $80.40 and its 200-day moving average is $86.45.

On the ratings front, Skyworks has been the subject of a number of recent research reports. In a report issued on January 4, Barclays analyst Blayne Curtis assigned a Buy rating on SWKS, with a price target of $95, which implies an upside of 29.6% from current levels. Separately, on December 17, Needham’s Quinn Bolton maintained a Hold rating on the stock .

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Blayne Curtis and Quinn Bolton have a total average return of 7.6% and 16.7% respectively. Curtis has a success rate of 57.8% and is ranked #445 out of 3647 analysts, while Bolton has a success rate of 58.1% and is ranked #80.

The street is mostly Bullish on SWKS stock. Out of 9 analysts who cover the stock, 8 suggest a Buy rating and one recommends to Hold the stock. The 12-month average price target assigned to the stock is $110.29, which represents a potential upside of 50.5% 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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