2 Stocks To Buy To Capitalize On The Internet Of Things (IoT) Revolution

For  its fiscal year 2021 first quarter (ended January 1, 2021) SWKS’ net revenue increased 68.5% year-over-year to $1.51 billion. Its non-GAAP gross profit has increased 71.8% year-over-year to $771 million. The company’s non-GAAP operating income came in at $622 million for the quarter, up 97.2% year-over-year. Its non-GAAP net income of $560.50 million represents a 94.2% rise year-over-year. Also, SWKS’ non-GAAP EPS has increased 100% year-over-year to $3.36.

Analysts expect SWKS’ EPS to improve 75.4% year-over-year for the current quarter, ended March 31, to $2.35. It surpassed the Street’s EPS estimates in each of the trailing four quarters. Moreover, the consensus revenue estimate of $1.15 billion for the current quarter represents a 50.3% rise on a year-over-year basis.

The stock has gained 105.3% over the past year and closed yesterday’s trading session at $183.48.

SWKS’ strong fundamentals are reflected in its POWR Ratings. The stock has a B overall rating, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors with each factor weighted to an optimal degree.

The stock has a B grade for Momentum and Quality also. We have also graded SWKS for Growth, Value, Stability, and Sentiment. Click here to access all of SWKS’ ratings.

SWKS is ranked #20 of 99 stocks in the B-rated Semiconductor & Wireless Chip industry.

Garmin Ltd. (GRMN - Get Rating)

Headquartered in Schaffhausen, Switzerland, GRMN and its subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The company operates through five segments — Fitness, Automotive/Mobile, Aviation, Marine and Outdoor. Its broad  portfolio of products ranges from cycling accessories to audio control systems, and handhelds and wearable devices. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, original equipment manufacturers, and through its  own website.

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