UBS lowered the firm’s price target on Skyworks (SWKS) to $80 from $85 and keeps a Neutral rating on the shares. Skyworks posted solid results off better smartphone sell-through and favorable mix, but guidance was a bit lighter than expectations as Apple (AAPL) tailwinds begin to roll off, the analyst tells investors in a research note.
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- Skyworks reports Q4 EPS $1.76, consensus $1.53
- Skyworks sees Q1 EPS $1.40, consensus $1.27
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