Baird Starts Skyworks Solutions (SWKS) at Outperform

Baird initiates coverage on Skyworks Solutions (NASDAQ: SWKS) with a Outperform rating and a price target of $125.00.

Analyst Tristen Gerra comments "Extracting more capacity out of existing bands has become a key driver for RF content, and Skyworks is one of very few companies solving the 5 bars-but-no-capacity problematic. 5G offers meaningful opportunities for both multiyear RF content/unit increases but also for technology/supplier diversification in highfrequency bands. Strong cash flow growth and 60-75% cash return target to investors should result in multiple expansion."

For an analyst ratings summary and ratings history on Skyworks Solutions click here. For more ratings news on Skyworks Solutions click here.

Shares of Skyworks Solutions closed at $86.76 yesterday.

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