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SWKS

Skyworks

$95.23

-0.07 (-0.07%)

08:10
08/06/18
08/06
08:10
08/06/18
08:10

Skyworks acquires Avnera for $405M

Skyworks announced it signed a definitive agreement to purchase Avnera, a developer of Analog System on Chips, or ASoCs. Acquisition of Avnera, a private fabless semiconductor supplier, augments Skyworks' wireless connectivity by adding ultra-low power analog circuits to enable smart interfaces via acoustic signal processing, sensors and integrated software. Upon consummation of the transaction, Skyworks will expand its addressable market by over $5B. Target applications include AI speakers/microphones, virtual assistants, intelligent gaming controllers and vehicle in-dash systems as well as wired/wireless headsets. Skyworks will pay $405M in cash to Avnera equity holders at closing with up to an additional $20M if certain performance targets are exceeded over a 12-month post-closing period. The transaction has been approved by the boards of directors of both Skyworks and Avnera and is anticipated to close by September, subject to customary closing conditions. Excluding any non-recurring acquisition-related charges and amortization of intangibles, Skyworks expects the acquisition to be immediately accretive to diluted earnings per share.

  • 14

    Aug

  • 16

    Aug

  • 04

    Sep

SWKS Skyworks
$95.23

-0.07 (-0.07%)

07/20/18
BARD
07/20/18
NO CHANGE
Target $125
BARD
Outperform
Skyworks selloff today on Win comments unwarranted, says Baird
Baird analyst Tristan Gerra thinks shares of Skyworks Solutions (SWKS) are down today on comments from Taiwan-based Win Semiconductors, a leading supplier of high-frequency semiconductors used in communication applications. Win last night spoke about relative softness in the smartphone supply chain including in China, and referred to inventory correction at some customers, Gerra tells investors in a research note. While the 25% quarter-over-quarter Q2 rebound in China smartphone units is likely not sustainable, another major inventory correction in the China smartphone market is unlikely, the analyst contends. Gerra sees no changes in the Apple (AAPL) supply chain related to the procurement ramp for the new iPhones and views today's weakness in Skyworks shares as unwarranted. The analyst thinks the selloff presents an attractive entry point and keeps an Outperform rating on Skyworks with a $125 price target.
08/01/18
KEYB
08/01/18
NO CHANGE
KEYB
Apple's results positive for supply-chain companies, says KeyBanc
KeyBanc analyst John Vinh views Apple's (AAPL) "solid" results as positive for the company's supply-chain companies Broadcom (AVGO), Cirrus Logic (CRUS), Qorvo (QRVO), Skyworks (SWKS), and Synaptics (SYNA), as results indicate that demand has finally stabilized ahead of the new iPhone ramp. Additionally, lean channel commentary gets him incrementally more positive ahead of the new iPhone ramp, he contends. Vinh's favorite Apple supply-chain names are Broadcom, Qorvo, Skyworks, and Synaptics.
08/01/18
OPCO
08/01/18
NO CHANGE
OPCO
iPhone ASP, guide imply iPX partially offsetting longer replacement cycle, says Oppenheimer
Oppenheimer analyst Rick Schafer believes June Apple's (AAPL) iPhone ASP and the guide imply broader penetration of iPhone X partially offsetting a longer replacement cycle. Within the Apple supply chain, the analyst continues to prefer content increase stories, and consistent track records of execution, helping insulate from demand softness. His top picks in the Apple supply chain are Broadcom (AVGO) and Skyworks (SWKS). Schafer remains sidelined on Cirrus Logic (CRUS) given lack of a near-term content expansion story, as well as on Qorvo (QRVO), as much of the benefit from the expected mid/high-band PAD win in the coming iPhone refresh appears modeled into expectations.
08/06/18
MSCO
08/06/18
NO CHANGE
Target $80
MSCO
Underweight
Qualcomm China 5G-related RF position a threat to Skyworks, says Morgan Stanley
After speaking with a senior RF engineer at a "leading China OEM," Morgan Stanley analyst Craig Hettenbach said that, contrary to investor expectations, Qualcomm (QCOM) appears to be "in the driver seat" to win the majority of 5G-related RF content in the first wave of 5G capable phones in China. Qualcomm's traction in 5G RF can feed the bear case in Skyworks (SKWS) and Qorvo (QRVO), said Hettenbach, who lowered his target P/E multiple on Skyworks to reflect what he now sees as a more credible competitive threat from Qualcomm. Hettenbach lowered his price target on Skyworks to $80 from $87 and keeps an Underweight rating on the shares and he maintains an Equal Weight rating and $75 price target on Qorvo.

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MYL

Mylan

$28.61

0.44 (1.56%)

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ALTR

Altair

$37.68

-0.51 (-1.34%)

16:43
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MNK

Mallinckrodt

$23.19

0.49 (2.16%)

16:42
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16:42
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Initiation
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LCI

Lannett

$8.05

0.17 (2.16%)

16:41
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16:41
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16:41
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16:40
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General news
API crude inventories for week of March 15 »

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JAZZ

Jazz Pharmaceuticals

$135.47

1.02 (0.76%)

16:40
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16:40
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Jazz Pharmaceuticals initiated  »

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  • 20

    Mar

NVRO

Nevro

$44.76

0.37 (0.83%)

16:39
03/19/19
03/19
16:39
03/19/19
16:39
Hot Stocks
Nevro suspends 2019 revenue guidance »

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  • 20

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NVRO

Nevro

$44.76

0.37 (0.83%)

16:39
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16:39
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16:39
Hot Stocks
Nevro CEO Rami Elghandour steps down, D. Keith Grossman to succeed »

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  • 20

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ENDP

Endo

$8.78

0.19 (2.21%)

16:38
03/19/19
03/19
16:38
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16:38
Initiation
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METC

Ramaco Resources

$5.67

0.09 (1.61%)

16:38
03/19/19
03/19
16:38
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16:38
Hot Stocks
Ramaco Resources sees FY19 production of 2.0M tons of met coal »

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  • 20

    Mar

COST

Costco

$237.05

0.43 (0.18%)

16:38
03/19/19
03/19
16:38
03/19/19
16:38
Initiation
Costco initiated  »

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  • 16

    Apr

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TRN

Trinity Industries

$22.46

-0.25 (-1.10%)

16:38
03/19/19
03/19
16:38
03/19/19
16:38
Conference/Events
Trinity Industries management to meet with Stephens »

Meeting to be held in Los…

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  • 26

    Mar

COLL

Collegium Pharmaceutical

$17.35

-0.25 (-1.42%)

16:38
03/19/19
03/19
16:38
03/19/19
16:38
Initiation
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FULT

Fulton Financial

$16.07

-0.35 (-2.13%)

16:37
03/19/19
03/19
16:37
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Fulton Financial raises quarterly dividend 1c to 13c per share »

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METC

Ramaco Resources

$5.67

0.09 (1.61%)

16:36
03/19/19
03/19
16:36
03/19/19
16:36
Earnings
Ramaco Resources reports Q4 EPS 8c, consensus 6c »

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  • 20

    Mar

BDSI

BioDelivery Sciences

$4.94

0.03 (0.61%)

16:35
03/19/19
03/19
16:35
03/19/19
16:35
Initiation
BioDelivery Sciences initiated  »

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  • 04

    Apr

AMAG

Amag Pharmaceuticals

$12.46

0.01 (0.08%)

16:34
03/19/19
03/19
16:34
03/19/19
16:34
Initiation
Amag Pharmaceuticals initiated  »

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  • 19

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GCP

GCP Applied Technologies

$29.95

-0.475 (-1.56%)

16:34
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16:34
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Hot Stocks
GCP Applied Technologies names James Thompson VP, General Counsel and Secretary »

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  • 02

    May

KGJI

Kingold Jewelry

$0.89

0.0898 (11.22%)

16:33
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Kingold Jewelry to file extension for Form 10-K »

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BHC

Bausch Health

$26.29

1.745 (7.11%)

16:33
03/19/19
03/19
16:33
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16:33
Initiation
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TME

Tencent Music

$18.65

-0.48 (-2.51%)

16:32
03/19/19
03/19
16:32
03/19/19
16:32
Earnings
Tencent Music reports Q4 EPS 8c, consensus 8c »

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  • 19

    Mar

AMRX

Amneal Pharmaceuticals

$14.41

0.07 (0.49%)

16:32
03/19/19
03/19
16:32
03/19/19
16:32
Initiation
Amneal Pharmaceuticals initiated  »

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  • 09

    May

TTGT

TechTarget

$16.86

-0.07 (-0.41%)

16:32
03/19/19
03/19
16:32
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Hot Stocks
TechTarget CEO Cotoia sells over $134K in company shares »

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  • 02

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FULT

Fulton Financial

$16.07

-0.35 (-2.13%)

16:32
03/19/19
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Hot Stocks
Fulton Financial authorizes up to $100M share repurchase »

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LDOS

Leidos

$63.36

-0.13 (-0.20%)

16:31
03/19/19
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Leidos awarded U.S. Army contract worth up to $25.5B »

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