Apple (AAPL) chip supplier Skyworks Solutions (SWKS) got several price target increases Friday after reporting fiscal Q3 earnings that topped Street estimates and guiding above expectations for this quarter. Pacific Crest Securities analyst John Vinh, in a research note Friday, increased his target price on Skyworks stock to 120 from 110, citing “increasing content on the (Apple) iPhone 6S and improving Chinese demand.” “Skyworks expects to see
Apple chip supplier Skyworks Solutions late Thursday reported better-than-expected fiscal Q3 earnings and revenue and gave a strong outlook for the current quarter. Skyworks (SWKS) earned $1.34 a share excluding items for its Q3 ended July 3, up 61% vs. the year-earlier quarter. Revenue climbed 38% to $810 million. Analysts had expected $1.29 and $801.5 million. The Woburn, Mass.-based wireless chipmaker sees Q4 EPS minus items of $1.51 and
Apple (AAPL) topped third-quarter earnings and sales expectations late Tuesday. But its Q4 revenue guidance was light, and investors are worried about Apple Watch sales. That caused several of the consumer technology giant’s chip suppliers, including Qorvo (QRVO), NXP Semiconductor (NXPI), Cirrus Logic (CRUS) and Skyworks Solutions (SWKS), to take a hit in the stock market today. Qorvo sank 5% in fast trade, triggering a sell signal. For those who