Skyworks Solutions: Balancing Optimism in Android and Broad Markets with Caution on Apple and Infrastructure Challenges

In a report released today, Christopher Rolland from Susquehanna reiterated a Hold rating on Skyworks Solutions (SWKS – Research Report), with a price target of $60.00.

Christopher Rolland has given his Hold rating due to a combination of factors related to Skyworks Solutions’ recent performance and future outlook. The company posted results that met expectations, but the anticipated boost from Apple-related tariff pull-ins did not materialize, which may have been a letdown for some investors. However, there is optimism surrounding the Android market, with Skyworks securing 5G content in premium smartphones and expecting significant growth in the upcoming quarter.
Additionally, the Broad Markets segment has shown consistent growth, with five consecutive quarters of sequential increases, and is projected to continue this trend. Despite these positive signs, concerns remain, such as the potential content loss with the upcoming iPhone 17 and the need for further improvements in the Infrastructure/Networking/Cloud segment. While the company’s guidance and operational expenses were favorable, and there are opportunities in areas like AI and precision timing, these factors collectively support a cautious Hold rating rather than a more aggressive stance.

In another report released today, Piper Sandler also maintained a Hold rating on the stock with a $70.00 price target.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SWKS in relation to earlier this year.