Skyworks price target lowered to $105 from $125 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Skyworks to $105 from $125 and keeps a Buy rating on the shares. Skyworks is a good way to play the connectivity and IoT market as they are executing well given a softened macro and are continuing to generate strong free cash flow, the analyst tells investors in a research note. The firm believes in the long-term positioning of the company but advises investors to pick their spots as the near-term may remain volatile.