Loop Capital analyst Betsy Van Hees noted that Skyworks (SWKS) is the first semiconductor company to report in January and she views its better-than-seasonal guidance, demand commentary, and channel inventory remarks to have a positive read thru to other semiconductor makers with similar exposure to the mobile handset market, including Broadcom (AVGO), Micron (MU) and Silicon Motion (SIMO). She reiterates her Buy ratings on all three, adding that she sees Silicon Motion's upcoming report as a possible positive catalyst for its shares, which have declined 6% year-to-date.

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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Barclays analyst Tom O'Malley raised the firm's price target on Broadcom (AVGO) to $1,500 from $1,405 and keeps an Overweight rating on the shares after hosting management for meetings. Broadcom is one of the unique companies that has a comprehensive view of the semis industry while also capable of providing an "intimate look" at the artificial intelligence market via custom silicon, the analyst tells investors in a research note. The firm says management highlighted the company's inroads with the consumer-facing AI world, providing a differing viewpoint versus Nvidia's (NVDA) vision of the world - pointing to a two-part market of consumer and enterprise that could grow to a 50/50 split over time. Barclays came away from the meetings "with a valuable second opinion on the future of AI and a greater appreciation for the company's many ways to win."

Barclays analyst Tom O'Malley raised the firm's price target on Broadcom to $1,500 from $1,405 and keeps an Overweight rating on the shares. The analyst increased the price after hosting management for meetings.