Downgrade of the Day: Skyworks Solutions Inc. (SWKS)

Skyworks Solutions Inc (NASDAQ:SWKS) received a stock rating downgrade from Citigroup on Mar-29-16. In a note to investors, the firm issued a Neutral rating. The analysts previously had a Buy rating on the stock.


Analysts have a consensus target price of $ 91.23 in the 12-month period. The price objective is 19.30% higher than the recent closing price of $ 76.47. The 52-week price range is $ 54.50 – 111.68 and the company has a market capitalization of $ 14.66B. Analysts covering the shares maintain a consensus Strong Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, zero has assigned a hold rating, 1 says it’s a buy, and 14 have assigned a strong buy rating to the company.


Skyworks Solutions Inc (SWKS) an innovator of high performance analog semiconductors connecting people, places and things, on February 24, 2016 launched SkyOne® Ultra 2.0, a highly integrated, single LTE SKU solution that solves harmonically-related carrier aggregation challenges through design while delivering the highest linear RF power as well as power added efficiency in the world. This next generation platform is a complete RF front-end system consisting of three LTE modules which utilize Skyworks’ revolutionary SkyBlue™ technology in addition to a separate 2G transmitter – covering all of the functionality between the transceiver output and the antenna. This innovative platform not only improves performance in terms of power output and system efficiency, it also delivers this performance in the most compact size commercially available, supporting 22 bands in less than 240 square millimeters.


“With today’s high-end smartphones supporting upwards of 20 frequency bands and more than 30 carrier aggregation combinations, OEMs face tremendous challenges in managing board size and operating battery life,” said Joel King, vice president and general manager of Advanced Mobile Solutions for Skyworks. “SkyOne® Ultra 2.0 delivers on both fronts, providing best-in-class battery life and overall system efficiency in an industry-leading compact footprint. Further, it enables true single SKU platforms with flexible antenna support and a baseband agnostic interface, giving OEMs tremendous competitive advantages and reduced times to market. The fact that SkyOne® Ultra 2.0 also delivers enhanced output power to address emerging Class 2, high power user equipment (HPUE) requirements, demonstrates Skyworks continued ability to leverage our broad systems expertise and create highly configurable and customized solutions that reduce system complexity and deliver unparalleled performance.”


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