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SWKS - Skyworks Solutions Inc News Story

$162.97 -1.2  -0.7%

Last Trade - 18/05/21

Sector
Technology
Size
Large Cap
Market Cap £19.17bn
Enterprise Value £18.17bn
Revenue £3.10bn
Position in Universe 468th / 6846

BUZZ-Skyworks Solutions: Rosenblatt raises PT, estimates ahead of Q1 results

Wed 27th January, 2021 3:33pm
** Rosenblatt Securities hikes PT of the chipmaker Skyworks
Solutions  SWKS.O  by $30 to $190, implying an upside of ~17% to
last close   
    ** Expects co's gross margin to expand to 51%+ as
COVID-related expenses subside and the broad markets revenue
increases at a faster pace 
    ** Raises estimates for co's rev and profit for FY21, citing
upside from iPhone 12 shipments and Wi-Fi 6 upgrades 
    ** Also adds that brokerage expects very bullish full year
commentary from management, as co is well positioned to outgrow
in the wireless connectivity markets
    ** SWKS is scheduled to report Q1 results on Jan. 28 
    ** Nineteen of 29 brokerages rate the stock "buy" or higher,
10 "hold"; their median PT is $170.5 - Refinitiv data
    ** Shares of the company, which had risen ~26% in 2020, were
up 2.8% in early trading

 (Reporting by Amal S in Bengaluru)
 ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 3677;))
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