|
CHICAGO--(BUSINESS
WIRE)--Zacks.com releases the latest Analyst Interview. Today’s interview is with senior analyst Abdul Saleh , who
discusses Skyworks Solutions (Nasdaq: SWKS), Altera (Nasdaq: ALTR)
and Xilinx (Nasdaq: XLNX).
Get the most recent insight from Zacks Equity Research with the free Profit
from the Pros newsletter: http://at.zacks.com/?id=2678.
Tell us something about a few of the Buy-rated companies you cover.
OK, we can start with Skyworks Solutions (Nasdaq: SWKS). The company
is a leading supplier to top handset manufacturers for some of the world’s largest telecommunications firms. Because of its radio
frequency (RF) expertise and manufacturing prowess, the company continues to
secure design wins with new and existing customers. The stock has come under
some pressure lately, which in my opinion may be short-term. We believe in the
longer term growth thesis for the company.
Skyworks’ strategy of providing integrated solutions
is helping it gain market share at leading original equipment manufacturers
(OEMs). Also, the increasing dollar content per handset is offsetting price
pressure. The trend towards wireless handsets with greater functionality favors
the company’s business model. Two other Buy-rated semi
companies are closely aligned. In fact, they are competitors of one another.
We believe Altera (Nasdaq: ALTR) is a play on the secular trend of
programmable logic devices (PLDs) replacing application-specific integrated
circuit devices (ASICs). The hallmark of a PLD is its flexibility. When designs
have to be altered, they can be re-programmed and brought to market faster.
Changes can be made even when the devices are in the field. In the long run,
PLDs are expected to replace ASICs, providing a strong opportunity for future
growth.
Similarly, Xilinx (Nasdaq: XLNX) is also a play on PLDs replacing
ASICs. Engineers typically use ASICs for high volume but low-cost applications.
The high cost of developing an ASIC can be spread out over the large number of
relatively cheap units. But PLDs do not have high development costs.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative
analysis to help investors know what stocks to buy and which to sell for the
long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded
stocks. Our analysts are organized by industry which gives them keen insights to
developments that affect company profits and stock performance. Recommendations
and target prices are six-month time horizons.
Zacks Profit from the Pros e-mail newsletter provides highlights of the
latest analysis from Zacks Equity Research. Subscribe to this free newsletter
today by visiting http://at.zacks.com/?id=2679.
|
(0 voto)
