Is this Austin-Based Start-Up Rocking Skyworks (SWKS) Stock Today?
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Price: $97.62 --0%
Rating Summary:
26 Buy, 19 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 9 | Down: 16 | New: 15
Rating Summary:
26 Buy, 19 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 9 | Down: 16 | New: 15
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Skyworks Solutions, Inc. (NASDAQ: SWKS) issued seemingly solid preliminary fourth quarter results this morning and hosted and upbeat investor presentation, yet shares are down 18.5 percent. What gives? investors are asking themselves.
It appears there may be some other market forces at work.
5-year old Austin, Texas-based RFCMOS PA supplier, Javelin Semiconductor, announced a major win yesterday that has market watchers chatting.
Samsung Electronics Co., Ltd., has selected Javelin's PA for the new Galaxy S Duos with dual SIM functionality. This is the 3rd model Javelin is now shipping in at Samsung in addition to the Galaxy Ace Plus & Galaxy Appeal.
Not only is Skyworks nervous, but RFCMOS is a potential disruptive change to the existing GaAs PA market including: RF Micro Devices Inc. (NASDAQ: RFMD), Avago Technologies Limited (NASDAQ: AVGO) and TriQuint Semiconductor, Inc. (NASDAQ: TQNT).
Analysts at Barlclays, which downgraded Skyworks recently based in part on competitive concern from RFCMOS PAs, said this "represents a significant endorsement by Samsung to include an RFCMOS PA in such a flagship model and deserves further monitoring."
It doesn't appear that Skyworks addressed the competitive challenge on its analyst day today.
Shares of SWKS are down 18.7 percent into the close.
It appears there may be some other market forces at work.
5-year old Austin, Texas-based RFCMOS PA supplier, Javelin Semiconductor, announced a major win yesterday that has market watchers chatting.
Samsung Electronics Co., Ltd., has selected Javelin's PA for the new Galaxy S Duos with dual SIM functionality. This is the 3rd model Javelin is now shipping in at Samsung in addition to the Galaxy Ace Plus & Galaxy Appeal.
Not only is Skyworks nervous, but RFCMOS is a potential disruptive change to the existing GaAs PA market including: RF Micro Devices Inc. (NASDAQ: RFMD), Avago Technologies Limited (NASDAQ: AVGO) and TriQuint Semiconductor, Inc. (NASDAQ: TQNT).
Analysts at Barlclays, which downgraded Skyworks recently based in part on competitive concern from RFCMOS PAs, said this "represents a significant endorsement by Samsung to include an RFCMOS PA in such a flagship model and deserves further monitoring."
It doesn't appear that Skyworks addressed the competitive challenge on its analyst day today.
Shares of SWKS are down 18.7 percent into the close.
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