KeyBanc downgraded Skyworks Solutions (SWKS) to Sector Weight from Overweight while increasing price targets on several chip stocks, including Nvidia (NVDA) and Intel (INTC). “Following our recent trip to Asia, we have revised several company ests and PTs.
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If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. Entering text into the input field will update the search result below Entering text into the input field will update the search result below Quick Insights KeyBanc downgraded Skyworks due to invalidated original assumptions, worsening smartphone market, and anticipated challenges in a contracting market where 60% of its revenues are from smartphones.
Persistent data center demand is causing memory shortages, price increases, tighter supply, and is broadly positive for select semiconductor stocks like Intel, Marvell, and Micron; but negative for others focused on smartphones. KeyBanc increased price targets and kept Overweight ratings on Intel and Nvidia due to AI-driven server demand and capacity expansion, and boosted Armâs target despite mixed near-term demand, citing long-term server CPU potential