Semiconductor companies comprise half of IBD’s current top 10 stocks, powered by Apple’s (AAPL) iPhone or GoPro’s action camera. Avago Technologies (AVGO), NXP Semiconductors (NXPI) and Skyworks Solutions (SWKS) all benefit from strong smartphone sales, Pacific Crest Securities analyst John Vinh said in a research report Monday. “Our monthly carrier surveys indicate that December smartphone sell-through was largely in line with store expectations,
Skyworks Solutions’ (SWKS) revenue and earnings will likely benefit from strong demand for radio-frequency chips, says investment bank D.A. Davidson in boosting it price target on Skyworks stock to 85 from 75 and reiterating its buy rating. “Management teams from all of the major U.S.-based radio-frequency players have commented on continued industry strength in recent weeks,” Davidson analyst Thomas Diffely said in a research report Wednesday.
Skyworks Solutions received a price target increase on Thursday based on better-than-expected handset demand from Apple (AAPL) and Samsung. Pacific Crest Securities, which has an outperform rating on Skyworks (SWKS) stock, raised its price target to 90 from 75. “Based on recent carrier surveys and supply-chain conversations, we believe Apple is on track to ship 70 million iPhones in the fourth quarter,” Pacific Crest Securities analyst John Vinh