B. Riley Cuts Skyworks (SWKS) Target as Android Weakness Weighs on Outlook

Skyworks Solutions, Inc. (NASDAQ:SWKS) is included among the 14 High Yield Dividend Stocks with Sustainable Payouts.

On January 26, B. Riley analyst Craig Ellis cut his price objective on Skyworks Solutions, Inc. (NASDAQ:SWKS) to $60 from $70. The analyst kept a Neutral rating on the stock. In a research note, he said Q4 results should come in slightly above consensus, helped in part by the iPhone 17 cycle. Q1 guidance, though, is expected to be in line with lower, reflecting weaker conditions in the Android business.

Skyworks had struck a more upbeat tone earlier. In November, the company forecast first-quarter revenue and profit above Wall Street estimates, pointing to strong demand for its radio-frequency chips used in Apple’s latest 5G iPhones. The rapid rollout of 5G smartphones, along with the early push into AI-enabled devices, has supported demand. Skyworks remains a key supplier of radio-frequency chips for 5G and continues to benefit from Apple’s annual iPhone launch.

Beyond smartphones, growth in Skyworks’ broad markets segment has also picked up. That business supplies chips to automotive, industrial, and Internet of Things applications. Adoption of WiFi 7, the rise of connected vehicles, and AI-driven upgrades are driving demand across those end markets.

In October, Skyworks announced a cash-and-stock offer to acquire rival Qorvo, a move that would create a radio-chip company valued at roughly $22 billion. The deal values Qorvo at $9.76 billion. Both companies are major suppliers to Apple and other smartphone makers, providing chips that manage the radio signals used to transmit wireless data.

Skyworks Solutions, Inc. (NASDAQ:SWKS) designs wireless networking products. Its analog and mixed-signal semiconductors support a wide range of applications, connecting devices and systems across multiple industries.

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Disclosure: None.