Skyworks price target lowered to $105 from $127 at Mizuho

Mizuho lowered the firm’s price target on Skyworks (SWKS) to $105 from $127 and keeps an Outperform rating on the shares following the earnings report. The firm believes Skyworks is well positioned despite near-term headwinds with a “strong partnership sustaining” at Apple and design wins starting to ramp, and China handsets less than 5% of sales.