Tag Archives: swks

Apple Supplier NXP Semi Misses On Sales, Warns On Q2

NXP Semiconductors (NXPI) reported better-than-expected first-quarter earnings late Wednesday but the Apple (AAPL) iPhone chip supplier’s revenue fell short and its Q2 guidance was weak. Fellow Apple supplier Skyworks Solutions (SWKS) is on tap Thursday night. NXP said it earned $1.35 a share excluding various items. That’s up 38% vs. a year earlier and 5 cents above Wall Street views. Revenue climbed nearly 18% to $1.467 billion, but that was

Qorvo, Skyworks Seen Benefiting From Strong Apple Q1

Brean Capital Markets raised estimates and price targets on two top-rated chipmakers Thursday, saying that industry concerns are offset by a good-looking Q1 from Apple (AAPL). Analyst Mike Burton lifted his price target on Qorvo (QRVO) to 95 from 85 and on Skyworks Solutions (SWKS) to 110 from 92 after talking with a number of companies across the supply chain. “We’re raising our March Q estimates slightly as we believe Apple iPhone sales are

Ambarella Shakes Sell-Off To Reach Profit Zone

Ambarella (AMBA) has reached profit-taking zone less than one month after clearing its consolidation. The GoPro (GPRO) chip supplier may have worried investors last week, when it sank almost all the way back to the buy point in intraday trade as the entire chipmaker group sold off. Other notable stocks in that group that got hit include Apple (AAPL) chip suppliers Avago Technologies (AVGO), Skyworks Solutions (SWKS) and NXP Semiconductors (NXPI).