Are ubiquitous connectivity and infotaining cars on your wish
list? Perhaps not, but you may be holding Skyworks' products in
your hands and just don't know it. Skyworks Solutions Inc.
makes the semiconductors in Apple Inc. products and has done well
in the "iWar" of mobile smartthings. The revolutionary microchip
maker's performance is intimately tied to the sales of its
customers Apple Inc., Samsung and others.
As an innovator of high performance analog semiconductors used in
a broad range of industries, Skyworks Solutions has miniature
electronics for almost every kind of high-tech application, such
as intelligent thermostats, heart defibrillators, and new Iridium
satellites, to name a few. Skyworks Solutions Inc. is also poised
to lead the revolution of cars "going digital" in the next five
years. The company expects to saturate the infotainment car
market by contributing to a digital communications feature for
the automotive industry.
52-week low screener
reveals that Skyworks Solutions (
) is at a 52-week low of $20.48 (high was $31.44). According to
the GuruFocus Value Screen for 52-week lows, SWKS is 34.5% off
high but nevertheless, is held by a number of top investor Gurus,
, founder of Dallas-based Maverick Capital.
After increasing his SWKS position by 15.55% last fall, Guru
held 10,319,381 shares, but reduced his position in fourth
quarter 2012 to 7,408,746 shares, while many top Gurus sold out.
His holding history:
With SWKS dropping for six consecutive quarters, Guru Ainslie
still holds megashares. With this company's massive applicability
and wide product development reach, the Skyworks horizon looks
good according to company leaders. In his second fiscal quarter
2013 outlook, Donald W. Palette, vice president and CFO of
Skyworks, stated, "Given order visibility and specific product
launches, we expect to continue to gain market share and capture
additional content per platform in the seasonally low March
quarter. Specifically, for the second fiscal quarter of 2013, we
anticipate revenue to be up 15 percent year-over-year with better
than normal seasonality to approximately $420 million with
non-GAAP diluted earnings per share of $0.47."
David J. Aldrich, president and CEO of Skyworks, also commented:
"As our results and guidance reflect, Skyworks is enabling
anytime, anywhere communications across a diverse set of end
markets and applications. We're capitalizing on growing consumer
and enterprise demand for ubiquitous connectivity spanning all
modes of wireline and wireless communications. In fact, our
analog semiconductor solutions are increasingly at the heart of
everything from smartphones to smart appliances to home security
systems to satellites to medical sensors to hybrid vehicles. This
market diversity coupled with Skyworks' leadership scale, product
breadth and system IP is setting the stage for continued market
outperformance and shareholder value creation."
Skyworks Solutions (
) has a market cap of $3.93 billion, a P/E of 18.4 and a P/S of
2.5. Stock price for SWKS is down 22% in the last year, off 5%
since January. When GuruFocus performed a financial and
performance check up on the company, it found two good signs:
Skyworks Solutions Inc. has no debt, and the company's operating
margin is expanding, usually a good sign.
Lee Ainslie's top buys, sells, and holdings:
Check out the GuruFocus special feature 52-week low screener.
This special feature helps you find stocks hitting new lows but
are still held by top investor Gurus and Insiders. If billionaire
Gurus own these stocks and are still increasing their positions,
it means that they believe the stocks are undervalued.
Researching these stocks may help you find deep valued
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