Strong 5G Demand Could Push Skyworks Solutions Stock Past $200 forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Author Bio
Harsh has been covering technology, and sometimes retail, since 2011. He is focused on finding great businesses for the long run. You can follow him on twitter @techjunk13 Follow @techjunk13
Skyworks Solutions (NASDAQ:SWKS) entered 2020 on its back foot thanks to the weakness in smartphone sales last year and its reliance on Huawei for a nice chunk of revenue. But the chipmaker looked like a promising bet for growth investors a year ago thanks to a potential spike in sales of 5G smartphones and its close relationship with
Apple.
A year since making my recommendation, Skyworks Solutions has outperformed the broad market. What s more, the stock has more than doubled in value since hitting its 52-week low during the coronavirus-fueled crash in March.