The company's main business has been smart phones but as more and more devices from door bells to cars become connected to the internet Skyworks should see strong growth in demand. That'll be boosted further by the roll out of 5G. Despite the bright prospects the stock is trading on a TTM PE of about 16 and forward 2018 PE of just 14. A 30% increase to a stock price of 18 looks very possible.
This post is not a recommendation to buy or sell any security or derivative. Stocks are not suitable for all investors. Please do your own research.
Submitted June 02, 2018 at 12:22PM by InterestingNews1 https://ift.tt/2JdOXPm
No comments:
Post a Comment