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Fly News Breaks for January 24, 2020
SWKS
Jan 24, 2020 | 09:11 EDT
Needham analyst Rajvindra Gill raised his price target on Skyworks after its Q1 earnings beat and above-consensus Q2 guidance amid the ongoing strength in its mobile and broad market business. The analyst points to the company's continued design wins with China handset OEMs as well as Samsung and also sees its higher-margin broad market products ramping across the Wi-Fi, 5G infrastructure, and automotive sectors. Gill expects Skyworks to continue expanding its gross margins and growing its sales in 2020.
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