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Skyworks Solutions Inc SWKS

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Skyworks' Shares Appear Attractive Despite iPhone Turbulence; Maintain $200 Fair Value Estimate

Brian Colello, CPA Sector Director

Analyst Note

| Brian Colello, CPA |

The shares of narrow-moat Skyworks Solutions are down close to 20% over the past three months, perhaps because of revenue deceleration from unsustainably high growth earlier in the year, as well as Apple iPhone 13 production concerns in the months ahead. We think this sell-off is starting to provide long-term patient investors with an attractive margin of safety, and we maintain our $200 fair value estimate.

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Company Profile

Business Description

Skyworks Solutions produces semiconductors for wireless handsets and other devices that are used to enable wireless connectivity. Its main products include power amplifiers, filters, switches, and integrated front-end modules that support wireless transmissions. Skyworks' customers are mostly large smartphone manufacturers, but the firm also has a growing presence in nonhandset applications such as wireless routers, medical devices, and automobiles.

Contact
5260 California Avenue
Irvine, CA, 92617
T +1 949 231-3000
Sector Technology
Industry Semiconductors
Most Recent Earnings Jun 30, 2021
Fiscal Year End Oct 2, 2021
Stock Type Cyclical
Employees 10,000

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