Skyworks, Qorvo Upgraded; Price Targets Hiked

By | January 13, 2015

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Skyworks Solutions and Qorvo are expected to benefit from strong radio-frequency chip demand and sales of smartphones in China, says an analyst in boosting the chipmakers’ ratings and price targets. “We believe the strong dynamics for the radio-frequency (chip) industry will continue into 2015, as smartphone units grow and content increases,” BMO Capital Markets analyst Tim Long said in a research note on Tuesday. “Apple (AAPL) is gaining a lot of Scalper1 News

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