Skyworks Solutions, Inc. (SWKS) "Should Be Up About Five To Seven," Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed As He Blasted China’s Hostility Towards The US. Skyworks Solutions, Inc. (NASDAQ:SWKS) is one of the stocks Jim Cramer recently discussed.

Skyworks Solutions, Inc. (NASDAQ:SWKS) is a chip company that makes and sells products such as radio frequency chips. Its stock performance is linked to Apple’s performance as the firm is a major iPhone supplier. As a result, not only are Skyworks Solutions, Inc. (NASDAQ:SWKS)’s shares down 21% year-to-date, but they closed lower after its latest earnings report too. Cramer explained why:

“Remember, they’re not allowed to say, Apple, they have to say biggest customer, biggest customer. And believe me, it’s not Samsung. I thought it was a remarkable quarter, the stock’s up two for people who don’t know better, it should be up about five to seven. And that’s one of the things that’s happened, Phil Brace came in there, and managed to be able to come out at the right time because I have to tell you, this company had been hurting. Okay. And Liam Griffin, I thought who was doing a good job but the fact is, Apple wasn’t putting in the orders. The main thing David is that the business is so hot, that Skyworks could not resist, having to say, you know what look the largest customer just put three huge orders. It was very bullish.”

Earlier, the CNBC TV host shared that despite Skyworks Solutions, Inc. (NASDAQ:SWKS) being cheap, he wouldn’t own it:

“It’s very cheap. It’s very cheap, but I don’t have a catalyst. I would still rather own NVIDIA than I would Skyworks. Gotta go for best of breed.”

While we acknowledge the potential of SWKS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.