Skyworks Price Target Raised to $112 from $90 at Baird

Baird Analysts Maintain Outperform Rating

Skyworks Solutions, Inc. (NASDAQ: SWKS)

Baird analysts have raised their price target on Skyworks Solutions to $112 from $90.

The analysts maintain their Outperform rating on the stock, citing the company's strong position in the mobile communications market and its potential to benefit from the rollout of 5G networks.

Skyworks is a leading provider of radio frequency (RF) components and modules for mobile devices.

Skyworks' Strong Position in the Mobile Communications Market

Skyworks has a strong position in the mobile communications market, with a leading share of the RF market.

The company's products are used in a wide range of mobile devices, including smartphones, tablets, and laptops.

Skyworks is well-positioned to benefit from the growth of the mobile communications market, as the demand for mobile devices continues to increase.

Skyworks' Potential to Benefit from the Rollout of 5G Networks

The rollout of 5G networks is expected to be a major growth driver for Skyworks.

5G networks require more advanced RF components than 4G networks, and Skyworks is well-positioned to meet this demand.

The company has a strong track record of innovation in the RF market, and it is expected to be a major beneficiary of the 5G rollout.

Baird's Outperform Rating

Baird analysts maintain their Outperform rating on Skyworks Solutions, citing the company's strong position in the mobile communications market and its potential to benefit from the rollout of 5G networks.

The analysts believe that Skyworks is a well-positioned company with a bright future.

The company's stock is currently trading at $97.26, and Baird analysts have a price target of $112.