Skyworks price target lowered to $75 from $85 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Skyworks (SWKS) to $75 from $85 and keeps a Buy rating on the shares. The firm highlights Skyworks’ execution as stronger smartphone unit volumes and mix shift geared towards content is driving higher results. The company beat the quarter and guided above the Street as their Broad Markets segment continues to see demand across all end markets. Management noted they expect 2026 blended mobile content to be flat year-over-year as they defended their key mobile ...