Skyworks price target raised to $125 from $107 at Piper Sandler

Piper Sandler raised the firm’s price target on Skyworks Solutions to $125 from $107 and keeps an Overweight rating on the shares. The company reported a quarter which demonstrated steady and solid execution in a difficult handset backdrop as the Android ecosystem continues to be weak, the analyst tells investors in a research note. The firm says Skyworks is benefiting from content gains at its largest North America customers while migrating through inventory corrections in the Android end market.