Skyworks Solutions (SWKS) and Qorvo (QRVO) are “best positioned” among radio-frequency chipmakers to benefit from favorable seasonal and demand trends heading into earnings, despite mixed signals in the mobile market, one analyst says. The Apple (AAPL) chip suppliers are poised to see a “slight upside to results and guidance,” given healthy iPhone demand, continued chip content gains and improving Chinese smartphone demand, Pacific Crest
Four Apple (AAPL) chip suppliers tried to fight back from early losses Monday amid a broad sell-off: Skyworks Solutions (SWKS), Qorvo (QRVO), Cavium (CAVM) and Taiwan Semiconductor (TSM). The chip stocks all have IBD Composite Ratings of 98 and 99. Skyworks fell below its 50-day line in quick turnover on the stock market today, but the stock pared some of those losses. Shares have been able to find support around the 50-day over the past several
Apple (AAPL) and Samsung chip supplier Qorvo (QRVO) will replace tobacco company Lorillard in the S&P 500 after the market close Thursday. Lorillard (LO) is being acquired by Reynolds American in a $25 billion deal expected to be completed Friday. Greensboro, N.C.-based Qorvo, which supplies chips for Apple iPhones, as well as defense, aerospace, infrastructure and other applications, was formed earlier this year by the $1.6 billion merger of RF