Skyworks: Cheap Based On Organic Growth Alone
- Skyworks Solutions continues to deliver exceptional results.
- The company has now set a realistic target of $8 of annualized EPS based on organic growth.
- The recommendation remains to own the stock based on the strong fundamental business with the PMC deal providing an extra catalyst for shareholders.
The amazing part of the Skyworks Solutions (NASDAQ:SWKS) story is that the stock traded at $80 last week before the executives discussed guidance for $8 EPS in a reasonably short period. Or maybe the amazing part is that this target doesn't include the accretive deal for PMC-Sierra (NASDAQ:PMCS).
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