Company Update (NASDAQ:SWKS): Skyworks Solutions Inc Unveils Revolutionary Technology Enhancing RF Power Capability and Efficiency

Skyworks Solutions Inc (NASDAQ:SWKS), an innovator of high performance analog semiconductors connecting people, places and things, today launched SkyBlue™, a new and revolutionary enabling technology that enhances both the power capability and efficiency in LTE amplifiers and front-end solutions. Designs utilizing SkyBlue™ technology not only deliver twice the power of envelope and average power tracking systems available on the market today, but across much broader power ranges. These efficiencies can be more than 15-20 percent in medium to high power ranges where an LTE system operates. Further, these efficiency and power enhancements are achieved with a much simpler implementation when compared to envelope tracking, making it easier for OEMs worldwide to deploy. The end result is envelope tracking-like system efficiency with the simplicity of average power tracking. In the first half of 2016, Skyworks will commence shipments of products leveraging SkyBlue™ with a tier one customer.

“While average power tracking is currently the most popular method to achieve higher power and efficiency gains in LTE amplifiers, Skyworksbelieves SkyBlue™ will quickly replace this technology as it delivers industry-leading performance in a straightforward design,” said Peter L. Gammel, chief technology officer for Skyworks Solutions. “Customers and OEMs can use their existing infrastructure to implement SkyBlue™, enabling some of the highest performing platforms with the shortest times to market when compared to competing envelope tracking alternatives which are more difficult to calibrate.”

Skyworks plans to leverage SkyBlue™ throughout its next generation of highly integrated SkyOne®, SkyOne®Ultra and SkyLiTE™ product families, as well as its multimode, multiband power amplifiers covering all application segments. (Original Source)

Shares of Skyworks closed last Friday at $63.03. 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 $64.10 and its 200-day moving average is $77.74.

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 represents a potential upside of 66.6% from where the stock is currently trading. Separately, on February 5, Citigroup’s Atif Malik maintained a Buy rating on the stock and has a price target of $78.

According to, 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 11.8% and 5.7% respectively. Walkley has a success rate of 54.9% and is ranked #38 out of 3637 analysts, while Malik has a success rate of 46.9% and is ranked #719.

Overall, 13 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $93.20 which is 47.9% above where the stock closed last Friday.

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


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