Skyworks Solutions Analysts Prefer Qorvo Due To More Pronounced Content Gains In iPhone, Robust Presence In China
Portfolio Pulse from Anusuya Lahiri
Analysts have mixed views on Skyworks Solutions, Inc (NASDAQ:SWKS) after the company reported 3Q results in line with guidance and provided 4Q23 guidance in line with expectations. Needham analyst N. Quinn Bolton reiterated a Hold rating, expecting Skyworks to underperform its closest peer, Qorvo, Inc (NASDAQ:QRVO), due to flat or modestly declining content in the Apple Inc (NASDAQ:AAPL) iPhone 15. Rosenblatt analyst Kevin Cassidy reiterated a Buy rating with a $150 price target, while Susquehanna analyst Christopher Rolland maintained a Positive rating and raised the price target from $125 to $130. Raymond James analyst Srini Pajjuri maintained a Market Perform rating, citing limited near-term catalysts.
August 08, 2023 | 8:12 pm
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POSITIVE IMPACT
Analysts expect Qorvo, Inc to outperform its closest peer, Skyworks Solutions, Inc, due to more pronounced content gains in the Apple iPhone 15 and a more robust presence in China/Android markets.
Analysts' expectation of Qorvo outperforming Skyworks due to more pronounced content gains in the Apple iPhone 15 and a more robust presence in China/Android markets could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 75
NEUTRAL IMPACT
Analysts have mixed views on the impact of Skyworks Solutions, Inc's flat or modestly declining content in the Apple Inc iPhone 15.
The mixed views from analysts on the impact of Skyworks' flat or modestly declining content in the Apple iPhone 15 indicate uncertainty about the impact on Apple's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Analysts have mixed views on Skyworks Solutions, Inc after the company reported 3Q results in line with guidance. While some analysts expect the company to underperform its closest peer, Qorvo, due to flat or modestly declining content in the Apple iPhone 15, others maintain a positive outlook.
The mixed views from analysts indicate uncertainty about the company's future performance. While some analysts expect the company to underperform its closest peer, Qorvo, due to flat or modestly declining content in the Apple iPhone 15, others maintain a positive outlook. This could lead to volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100