Skyworks Solutions Inc. (SWKS)

[inversor86]

Ah, thanks for clarifying. Surprisgly, most I've met aren't very knowledgeable about equities.

[PAUL_MARKOWITZ]

Sorry... means Portfolio Manager

[inversor86]

What does it abbreviate...

[PAUL_MARKOWITZ]

Yes PMs, why the question?

[inversor86]

PMs?

[PAUL_MARKOWITZ]

Told all my fellow PMs while @$60 that SWKS will hit $100 but they didn't buy my forecasts..

Looks like I am the one to drink all beers from their pockets...

[inversor86]

I agree. Not sure if I would want SWKS at 92 over QCOM at 52 though.

[roger wilco]

There will be a few market bumps on the way but Skyworks $SWKS is heading over $100.

[bar1080]

Strong in premarket on AAPL guidance

[roger wilco]

$SWKS on it's way to explore $100+ a share. It's a brave new world.

[bar1080]

SWKS, my only up stock today.

[bar1080]

Last winter I watched David Aldrich's presentation and came away impressed with him and Skyworks' prospects. But almost immediately the shares went into hibernation. I wondered whether Aldrich was being truthful when he said demand was excellent for SWKS products. Seems now he was.

Griffin tells an upbeat story too. He blamed the stock sag on a temporary inventory glut by "an unidentified customer," Apple no doubt.

As for M&A, I was happy with his answer. SWKS would consider sensibly priced acquisitions that fit their business plan. He wasn't playing to the flipper audience which probably explains why almost no one here follows the company.

Will continue to hold as I have for many years.

[inversor86]

Qcom is a giant Skyworks. They also pretty much invented CDMA.

[bar1080]

Here's another that just came out. Don't have time to study it now. I don't know a thing about QCOM.

http://seekingalpha.com/article/4039824-qualcomm-comes-swinging

[inversor86]

Do you have an opinion about the QCOM AAPL battle that is going on now?

This article has the best commentary http://seekingalpha.com/article/4038766-buy-qualcomm

[roger wilco]

A Bulls eye view on the Skyworks $SWKS stock rocket!

It's a bird, a plane no it's Skyworks!!!

[bar1080]

Watched it all. Cramer loves SWKS. Really loves it.

[inversor86]

CEO on Cramer back in October.

[bar1080]

Cramer bullish today on SWKS:

"For his "Executive Decision" segment, Cramer spoke with Liam Griffen, president and CEO of Skyworks Solutions (SWKS) , the chipmaker with a stock that soared 13% last week after the company posted a three-cents-a-share earnings beat on record cash flows. Skyworks also announced a $500 million share repurchase.

Griffen said that Skyworks is all about connecting people. The smart phone continues to be the company's biggest growth driver, but Skyworks also sees a huge opportunity in connecting the Internet of things.

Skyworks also continues to diversify away from its largest customer and now has major partners in China as well."

"Cramer said he sees Skyworks as continuing to be one of the hottest stocks in the S&P 500."

[inversor86]

Take a look at QCOM today.

[inversor86]

Yes, I agree.

[inversor86]

Thankfully, F. Ross Johnson isn't the CEO of SWKS.

[roger wilco]

$100 a share here we come.

[inversor86]

I think we are seeing an orchestrated move to pump skyworks up. Did you see the 5 price target increases today?

[bar1080]

We're at $90... again! Checked and it looks like SWKS has only done three significant acquisitions in its history, the most recent two were in 2011 when the market was still pretty low.

[bar1080]

Not only Intel but MSFT and Google have done tons of acquisitions. I was just looking at the list that went back 20 years. Think how much they overpaid for tech stuff in the late 90s. Plenty of tech stocks do almost no acquisitions. When I'm talking about acquisitions I'm thinking of the kind of costly takeover fights and bidding wars from years ago. High flying tech stocks can do acquisitions sensibly if they pay with their inflated stock as was common long ago, stock at 30X to 50X PE. SWKS is cheap at <20 X earnings.

There have been plenty of laughable buys. I remember Quaker Oats paying $1.7 billion for Snapple in 1994 and selling it for $300 million two years later. I bet Macy's wishes they'd never done any of their department store chain buys a decade or two ago.

The worst may have been Bank of America grabbing Countrywide in 2008. They paid $2.5 billion and it cost them $40 billion. That's one (of many) reasons I don't trust bank management.

Another hideous disaster was Verisign's $21 billion acquisition of web registrar Networks Solutions in 2000 just as the bubble was breaking. A few years later it reportedly resold for just $800 million.

[inversor86]

If.Then? Intel has made 30 acquisitions in the past 5 years. Skyworks needs to expand past their primary GaAs fab process into more CMOS while continuing to reduce their dependence on Apple (and therefore the market perception that they live and die with Apple sales). GaAs chips are like carburetors and CMOS is like fuel injection.

Skyworks did attempt to do this by acquiring PMC Sierra but management was stingy and let Microsemi MSCC outbid them. MSCC stock has nearly doubled since the acquisition was completed. Though correlation does not imply causation.

[bar1080]

As I've often said, acquisitions usually don't work out well for the acquiring company. To me they're a sign of a scammy company or one that's out of tricks. Notice the huge numbers of acquisitions done by faltering 3D printing stocks.

A rare acquisition is okay, but that shouldn't be a major driver of a business's growth. In that regard read about the conglomerate fad of the 1960s/1970s.

[roger wilco]

$SWKS whoooo Hooo!

[inversor86]

They should be doing M&A

[bar1080]

I guess that was "spurt" not Spirt.

"Last night, after the close of regular market trading, Apple supplier Skyworks Solutions reported strong numbers for its December quarter and provided guidance that came in slightly higher than Street consensus.

The company reported earnings of $1.61 per share on revenue of $914 million for its December quarter (FQ1:17) versus sellside consensus of $1.58 per share and $902 million.

For the current quarter ending in March, Skyworks said it now expects earnings of $1.40 per share on revenues of $840 million versus Street consensus of $1.39 per share and $818 million respectively. Finally, in a show of confidence about its future, Skyworks also announced a $500 million share buyback."

[inversor86]

I would say that at the moment sentiment is different, I don't hear much about a pullback or correction. I'm not even waiting for a full blown move, even another sector specific move would create the opportunity needed. Like last year when commodities took a hit.

[inversor86]

Thanks for that post!

[moe_the_gyp01]

Goldman's Trump trade: Buy the most highly-taxed companies

http://seekingalpha.com/news/3236198-goldmans-trump-trade-buy-highly-taxed-companies?app=1&uprof=29

[inversor86]

I typed up a big DLTH reply for you a couple weeks ago and ihub hiccuped and erased my box. I couldn't bring myself to re-type it.

I left alot on the table selling DLTH I guess, but I got more than I wanted from it. It's trading pretty much where I sold it, and that seemed like an incredible price at the time. With stocks like that usually once I sell them I do not look back to keep following closely.

I just saw a DLTH ad on I-95 this week, they're opening a store in the King Of Prussia Mall (giant high end mall). It said BREAK WIND and had a big blue windbreaker with a blurb about a new store.

[inversor86]

I just sold the swks in my ROTH account. I am now at 50% cash.

[bar1080]

Wowser, look at that!

[bar1080]

That afterhours burst in SWKS is very welcome here as virtually all my stocks continue to slowly drift lower along with the S&P 500. The Trump rally boosted some beaten down groups like finance and I don't have any of those.

Have you noticed that your old DLTH is suffering, but it's still a standout among retail stocks.

Everyone was caught off-guard with the big Trump spirt, and everyone's thinking a correction is way overdue especially with interest rates staying low. A key element in my (and Buffett's) investment philosophy is the belief that market swings can't be predicted, so I'll mostly hold.

Many IHUB boards are dead lately as many IHUBers are no doubt expecting a decline. You see a lot of talk about that. And another key element in my philosophy is my belief that IHUBers rarely get anything right. It's quite normal to have a "hunch" that stocks are due to fall. But you know what I think of hunches! They're wrong about 53% of the time. Of course, that means they're right 47% of the time!

Only time I sell is for tax reasons or if a stock position has grown too large. I really should trim a bit from one stock. Also it's in an account using a full service broker and I'm trying to reduce its size.

off to work today...

[inversor86]

See SWKS after hours? As usual they don't know what to do with their cash so they increased the buyback. I am doing very well so far in 2017. I don't know what my capital gains were for 2016, or my best holding, but I am expecting to write a decent sized check in April and pay my usual penalty for not keeping up quarterly.

I keep adding more and more to my cash position. I think there will be some kind of market melt down after Trump gets in office, sooner rather than later. That's what I'm waiting for. Also, I have spent a good bit of time trying to figure out what sectors will perform better under the new administration, that is all on notepads though.

I have been in and out of ABT 3 times so far. I want a long term position but I am flirting with 1000 share swing trades. I would like to see it drop down into the mid 30's.

Still have my email address?

[bar1080]

Looks like SWKS was down about 2% this year, or nearly breakeven counting the dividend. My Walgreens was about the same.

Not sure what my best winner was. My small holding in Comcast was up 25% and another 2% for the dividend. Rockwell Automation was up about 30%+.

Overall, my individual stocks seem to have roughly matched the S&P 500. A so-so year for me. Did have a number of dividend increases in 2016.

No buys/sells in 2016. Will continue to hold SWKS.

[bar1080]

SWKS was my worst holding in 2016. Didn't help that it was in a bad neighborhood: NASDAQ up 7.5% vs 9.5% for the S&P and a very strong 13.4 for the Dow.

Buffett's BRK was up an incredible 23% for the year. Again, buy/hold generally worked out well... maybe not so well with SWKS.

[inversor86]

I still hold about 500 shares of SWKS. I would like to sell those the next time it reaches $100. Skyworks has a relatively low P/E still. I have one issue, that is they have built their business around mostly gallium arsenide components and that technology will be increasing less favored moving forward.

[bar1080]

SA: "Skyworks Solutions: Solid Company 30% From Its High"

Summary

•Besides Apple and smartphone exposure, company fundamentals are strong and valuation metrics are in "fair" territory.

•Future performance will rely heavily on the realization of revenue-growth expectations and management efforts to diversify the sources of revenue.

•Overall, Skyworks Solutions still appears to be a “Growth at a Reasonable Price” investment opportunity

http://seekingalpha.com/article/4032913-skyworks-solutions-solid-company-30-percent-high

[inversor86]

[WhoaNellie]

Could swks be running up because of possible buyout offer?

[inversor86]

Anyone short had a nice exit opportunity last Friday.

[biotechnician]

AIRG major IOT player, The company also believes that the Internet of Things (IoT) will offer a promising growth opportunity moving forward. Airgain is right to bet on IoT, as the industry and its devices is expected, over the next five years, to double to almost 12 billion.
In some way or another, IoT devices all rely on either Bluetooth, near field communication (NFC), or Wi-Fi, and these are the kind of technologies that need complex antenna system
s, just what Airgain specializes in.

[jones99]

Short sellers were not expecting this and usually longer than they may hope. Next target $87 level no resistance before that level.

[bar1080]

"Behind Skyworks Recent Stock Surge"

http://www.investopedia.com/news/behind-skyworks-stocks-recent-surge-swks-aapl/?partner=YahooSA

[inversor86]

Aside from the market falling, I think this was part of the reason. http://abcnews.go.com/International/wireStory/samsung-tells-korean-customers-stop-galaxy-note-41992747