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Citi: Buy Skyworks Over Qorvo

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QRVO, Skyworks Solutions, Inc. NASDAQ:SWKS - Citi: Buy Skyworks Over Qorvo

  • Atif Malik initiated coverage of Skyworks with a Buy rating and $115 price target, while Qorvo was initiated at Neutral with a $49 price target.
  • Malik prefers owning shares of Skyworks given its lower exposure to China and higher exposure to faster growing broad markets.
  • Radio Frequency (RF) stocks have pulled back "sharply" since peaking in June due to concerns of slowing smartphone growth, particularly in China.

    In a report published Thursday, Atif Malik of Citi commented that valuation of RF stocks looks "attractive," even when factoring in his expected...