Steve Smigie, Analyst with Raymond James & Associates, says he sees solid growth opportunities for Skyworks Solutions Inc (SWKS) in the remainder of 2014 and into 2015. He says the stock has had a decent run, and he wants to watch how that growth plays out.
“With regard to Skyworks, again, we see massive dollar content gains on handsets for the RF semis here, and we’ve still got a billion phones in China that are 2G phones that need to be converted,” Smigie says. “There are lots of phones to be converted to higher dollar content.”
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As Wi-Fi, GPS and other wireless capabilities are being added to multiple devices, Smigie says Skyworks is also moving aggressively into the Internet of Things area, which he says represents another of area of opportunity. And, he says Skyworks has done well on the margin side.
“I think you’ll see them manage their margins pretty carefully there, and so there should be some decent leverage in that name still as well,” he says.
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