|Bid||126.53 x 900|
|Ask||126.66 x 900|
|Day's Range||126.16 - 128.77|
|52 Week Range||67.79 - 128.77|
|Beta (5Y Monthly)||1.12|
|PE Ratio (TTM)||25.96|
|Earnings Date||Aug 05, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||1.76 (1.38%)|
|Ex-Dividend Date||May 20, 2020|
|1y Target Est||113.17|
SWKS could pull back for a slightly better buying point, so traders should do some buying at current levels.
Skyworks (SWKS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
These chipmakers have reduced their reliance on the Chinese smartphone giant while having other tricks up their sleeve.
Just a few months ago, 5G was the market catalyst on every investor's mind. But when the novel coronavirus started to grab the headlines, the promise of a revamped mobile network took a backseat. To be sure, coronavirus news appears to be leading the charge when it comes to movement on the stock market. That being said, however, choosing a few 5G stocks to buy during this downturn is a good way to hedge for the future. The beneficiaries in the 5G space come from many different areas. From network providers to chipmakers, there are a lot of sectors that look poised to profit from the introduction of 5G. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure With all of that in mind, here's a look at five companies that should ride the 5G wave this year:InvestorPlace - Stock Market News, Stock Advice & Trading Tips * Skyworks Solutions (NASDAQ:SWKS) * AT&T (NYSE:T) * Nokia (NYSE:NOK) * Crown Castle (NYSE:CCI) * Apple (NASDAQ: AAPL)So, let's dive in. 5G Stocks to Buy: Skyworks Solutions (SWKS)Source: madamF / Shutterstock.com One of my favorite picks for 5G is Skyworks Solutions, a semiconductor firm headquartered in Irvine, California.The firm suffered some coronavirus-related pain when it released its fiscal second-quarter results. Like the rest of its peers, management had to downshift its expectations for the current quarter and was unable to offer long-term predictions.However, Skyworks Solutions does in fact have a bright long-term future. While tension between the U.S. and China does offer a potential roadblock, Skyworks' business with Huawei has been hurt by the trade war which could continue to weigh on the firm's future revenue. That said, if Skyworks is able to secure a deal with Samsung to supply the phone maker with 5G chips, it could help offset some of the Huawei pain. Additionally, Skyworks also has a solid relationship with Apple, which should continue to pay off as the firm rolls out new iPhone versions. Plus, Skyworks is carrying no long-term debt and has cultivated a sound cash pile. That's going to be essential for the firm to get through the coronavirus crisis during the current quarter, and makes SWKS stock a much safer investment than some of its heavily-leveraged peers. AT&T (T)Source: Lester Balajadia / Shutterstock.com Another beneficiary of the 5G revolutions is T stock. AT&T has an impressive future plan that could put the telecom giant at the top of the pack if management is able to execute. The firm's wireless business has been booming, even offering a revenue increase in the first quarter despite the pandemic. As far as future growth, the firm is banking on a huge 5G rollout this summer, at which time current customers are likely to buy new devices in order to access the faster speeds. Plus, AT&T is finally putting its strategic acquisitions to good use with a new streaming service -HBO Max -- that launched this past Wednesday.Moreover, the firm has said 5G is "transforming the future" -- likely a nod to the firm's extensive plans to create an ecosystem in which customers can bundle their streaming service together with their wireless network. The advertising potential from that kind of ecosystem is incredible. * 7 Low-Rated Stocks to Sell Before They Drag You Down So while AT&T offers a compelling buy-case, it's important to note that the firm is highly leveraged after the past few years of transforming itself. In turn, this is not the best-case scenario when you're marching into a stark economic downturn. However, if you're willing to take on that risk, T stock looks like one of the best 5G stocks to buy. Nokia (NOK)Source: RistoH / Shutterstock.com Nokia has had a rough year, as the firm muddled its way through the U.S.-China trade war and was then hit once again by the coronavirus pandemic. It's been a long time since investors were confident in the direction of NOK stock. But with the introduction of 5G on the horizon, Nokia looks like it could be a winning supplier.Nokia's first-quarter results were impressive, as the firm brokered 70 commercial 5G deals and installed 21 live networks. What's more, the firm didn't see demand wane at all in Q1 despite the challenges presented by coronavirus. Q2 is a different story, though, as CEO Rajeev Suri cautioned that the large-scale shutdowns would have an impact on the company's results. However, it's expected to make a solid recovery and finish the year strong.Moreover, Raymond James analyst Simon Leopold says Nokia offers the potential of better returns because of its depressed share price. Although, he admitted it's not quite as safe as competitors like LM Ericsson (NASDAQ:ERIC):"I do think that Ericsson has executed better and is ahead in technology and therefore is a better company for 5G. Nokia has made mistakes, and they've upset customers and they're behind. That said, I think an investor can make a bigger return investing in Nokia than in Ericsson…But we like both of these companies because of the 5G theme."That said, Leopold gives NOK stock a $5.50 price target -- suggesting a nearly 40% upside from where shares are trading today. Crown Castle (CCI)Source: Casimiro PT / Shutterstock.com Tower REITs that rent out the infrastructure and space that wireless firms need to roll out a new network are another way to capitalize on 5G stocks. And while there are a few players in the industry, Crown Castle has a compelling value proposition because of its position in the U.S. market.Oppenheimer's Timothy Horan named CCI stock as a good 5G pick, fining the firm an "outperform" rating with a $175 price target. Horan noted that CCI is uniquely positioned because of the firm's focus on small cells, which are able to support more data. * 3 Social Media Stocks to Trade Out of the Covid-19 Crisis He sees the market for small cells growing from 100,000 to 1 million in the US, a compelling reason to consider CCI stock:"We expect small cells will eventually cover half the U.S. population, or 160 million people. This would be more than 1 million small cells in the U.S., up from about 100,000 today and about 250,000 macro cell sites." Apple (AAPL)Source: View Apart / Shutterstock.com Buying Apple stock isn't exactly a pure-play on the 5G revolution, but it offers investors a way to play the trend without jumping in headfirst. Apple stands to make a lot of money in the coming years as people upgrade their devices in order to make them 5G compatible. That said, Apple's upcoming iPhone model is expected to see a surge in demand as early adopters switch out their phones.Additionally, Apple has created a recurring revenue model that allows people to pay a subscription fee in order to continuously upgrade their phones. This method is a good way to ensure there's always money coming through the door. And with that, the leap from 4G to 5G is going to be a compelling reason for more people to sign up for the program.However, if 5G isn't the boom investors are expecting it to be, Apple is a safe pick because of its solid business and iron-clad financials. The company has enough cash to get through almost anything, which should give investors some comfort during uncertain times. Therefore, it makes the cut among 5G stocks because the new network will offer a powerful incentive for users to upgrade their phones over the next few quarters.Laura Hoy has a Finance degree from Duquesne University and has been writing about financial markets for the past 8 years. Her work can be seen in a variety of publications including InvestorPlace, Benzinga, Yahoo Finance and CCN. As of this writing she did not hold a position in any of the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post The 5 Best 5G Stocks on the Market Today for Investors appeared first on InvestorPlace.
Skyworks to Present at BofA Securities 2020 Global Technology Conference
The rollout of 5G wireless networks around the world is one of the biggest potential stock market catalysts in the coming years -- especially for semiconductor stocks. Some companies will certainly benefit from the 5G network boom more than others.BofA Securities analyst Vivek Arya said this week that radio frequency chip makers will be some of the biggest 5G winners. Arya estimates that 5G devices will average between $15 and $16 in RF content per device, up from just $9 per 4G device.How To Play 5G With RF Names BofA is forecasting 14% compound annual revenue growth for the RF industry from 2020 through 2022 after the industry flatlined at around $12.5 billion annually over the past three years.About 650 million 5G phone shipments are expected in 2022, up from 170 million this year, the analyst said. Skyworks Solutions Inc (NASDAQ: SWKS), Qorvo Inc (NASDAQ: QRVO) and QUALCOMM, Inc. (NASDAQ: QCOM) are particularly well-positioned given their relationships with suppliers, he said. "Separately, SWKS benefits from strong positioning in IoT markets; QRVO strength in infrastructure, and AVGO strength in networking/compute/software." Initial 5G launches in China have been solid, Arya said. While bears argue that 5G devices lack "must-have" features, commercial momentum will drive mainstream adoption over time, the analyst said. Bank of America has Buy ratings on all three stocks mentioned, The firm has a $140 target for Skyworks, a $120 price target for Qorvo and a $100 target for Qualcomm.Benzinga's Take 5G phones will likely follow the same successful upgrade template that has worked repeatedly in the tech world for decades. 5G phones will initially be a novelty, but they will soon be the universal standard as 4G phones are slowly phased out over time.Do you agree with this take? Email firstname.lastname@example.org with your thoughts.Related Links:Here's How Long It Took Nvidia To Reach A 0B Market Cap Nvidia Analyst Says New, Ampere-Based Data Center GPU Makes Chipmaker 'Unassailable'Latest Ratings for SWKS DateFirmActionFromTo May 2020UBSMaintainsNeutral May 2020JP MorganMaintainsNeutral May 2020Wells FargoMaintainsOverweight View More Analyst Ratings for SWKS View the Latest Analyst RatingsSee more from Benzinga * Q1 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios * Goldman Turns Bearish On Apple, Qualcomm, Projects 36% Drop In Q2 iPhone Sales * 10 Stocks To Buy With Low Debt And High Liquidity(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Investors should temper their expectations about the next wave of wireless service. Here are the stocks that are likely to benefit first.
Between after-effects from the U.S.-China trade war in 2019 and now delays due to coronavirus, Skyworks Solutions (NASDAQ: SWKS) wasn't able to buck stubborn year-over-year revenue decline during its last quarter. There was supply chain disruption due to temporary closure of its Mexicali, Mexico plant, and the pace of rollout of new 5G mobile networks is easing in 2020 as well. In Q2 of fiscal 2020 (the three months ending March 27, 2020) Skyworks revenue declined 5% year-over-year to $766 million.
Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog semiconductors connecting people, places and things, today announced that executives will be participating in the 48th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 13, 2020, at 2:40 p.m. EDT.
Cirrus Logic and Skyworks Solutions saw their shares rise Tuesday on better-than-expected March-quarter results. The two semiconductor stocks reported quarterly results late Monday.
Skyworks' (SWKS) second-quarter fiscal 2020 results reflect the impact of sluggish demand environment and supply chain disruptions amid the coronavirus outbreak.
Semiconductor exchange-traded funds jumped Tuesday on the back of a 6% rise for shares of Skyworks Solutions Inc . The company reported earnings that missed analyst expectations after the market closed Monday, but the stock rallied Tuesday, along with competitors like Qualcomm . The First Trust Nasdaq Semiconductor ETF , which has the most exposure to Skyworks, according to FactSet, was up 5.2% at midday. The Invesco Dynamic Semiconductors ETF rose 3.5%, and the SPDR S&P Semiconductor ETF gained 3.3%. The Invesco ETF has done best in the year to date, losing about 6.4%.
Wall Street's main indexes jumped on Tuesday as a recovery in oil prices lifted battered energy stocks and a slew of countries eased coronavirus-induced restrictions in an attempt to revive their economies. All the major S&P 500 sub-indexes were trading higher, with the energy sector rising 2.3%, but the index is still the top loser across sectors with a 35% decline this year. Market-leading growth stocks such as Microsoft Corp , Amazon.com Inc and Apple Inc rose for a second day, helping offset concerns about the latest U.S.-China spat over the origin of the novel coronavirus.
U.S. stock indexes jumped on Tuesday as a recovery in oil prices lifted battered energy stocks and a slew of countries eased coronavirus-induced restrictions in an attempt to revive their economies. All the major S&P 500 sub-indexes were trading higher, led by a 3.6% advance in the energy sector, but the index is still the top loser across sectors with a 35% decline this year. Market-leading growth stocks such as Microsoft Corp , Amazon.com Inc and Apple Inc rose for a second day, helping offset concerns about the latest U.S.-China spat over the origin of the novel coronavirus.
The Dow Jones futures, along with S&P; 500 and Nasdaq futures, were higher early Tuesday after the stock market rebound.
At this time, I will turn the call over to Mitch Haws, Investor Relations for Skyworks. With me on the call today are Liam Griffin, our President and Chief Executive Officer and Kris Sennesael, our Chief Financial Officer.
Skyworks (SWKS) delivered earnings and revenue surprises of 0.00% and 0.05%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Skyworks Solutions Inc. shares declined in the extended session Monday after the chip maker's outlook fell short of Wall Street estimates. Skyworks shares declined 1.6% after hours, following a 0.8% rise in the regular session to close at $99.62. Skyworks expects adjusted third-quarter earnings of $1.13 a share at the midpoint of a revenue range of $670 million to $710 million. Analysts surveyed by FactSet had forecast earnings of $1.24 a share on revenue of $719.9 million. The company reported fiscal second-quarter net income of $181.1 million, or $1.06 a share, compared with $214 million, or $1.23 a share, in the year-ago period. Adjusted earnings were $1.34 a share. Revenue declined to $766.1 million from $810.4 million in the year-ago quarter. Analysts had forecast earnings of $1.34 a share on revenue of $765.9 million.
Skyworks was able to top analysts' fiscal second quarter earnings and revenue expectations but issued weaker-than-expected guidance.
Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog semiconductors connecting people, places and things, today reported second fiscal quarter results for the period ended March 27, 2020. Revenue for the second fiscal quarter was $766.1 million.
Micron strikes a bullish tone on the pace of economic recovery in China following the worst of the coronavirus.
Friday night on his Mad Money program, Jim Cramer looked at some key companies that are scheduled to report earnings this week. In this updated daily bar chart of SWKS, below, we can see that the price of SWKS have worked higher from our April 6th recommendation. The daily On-Balance-Volume (OBV) line has been moving up from early March and tells us that buyers of SWKS have been more aggressive.