"Based on our analysis of global LTE network deployments and the improving LTE subscriber growth trends, we forecast a 20% handset RFIC TAM CAGR from 2014 to 2016," analysts said regarding the potential market for the Massachusetts-based analog semiconductors company.
"Given Skyworks' broad RFIC portfolio and customer base, we believe [its] diverse analog portfolio should enable content share gains in its handset customer base. Further, we anticipate Skyworks' content share in markets such as WiFi 802.11ac, wireless infrastructure, and the 'Internet of Things' market should also drive strong growth trends," analysts added.
Separately, TheStreet Ratings team rates SKYWORKS SOLUTIONS INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate SKYWORKS SOLUTIONS INC (SWKS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."