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Skyworks Price Target Up on Apple Smartphone Demand

2014-12-19 00:05:35| Semiconductors - Topix.net

"Based on recent carrier surveys and supply-chain conversations, we believe Apple is on track to ship 70 million iPhones in the fourth quarter," Pacific Crest Securities analyst John Vinh said in a research report Thursday. "Additionally, Samsung demand seems to be stabilizing based on a significant reduction in inventories and stable sell-through of the GS5 and Samsung Galaxy Note 4." Skyworks Solutions was up 2% in midday trading in the stock market today , near 72. Since Jan. 3, the stock has climbed more than 160%.

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