On Apr 11, Zacks Investment Research updated the research report on premier semiconductor manufacturer Skyworks Solutions Inc. SWKS.Skyworks continues to capitalize on three business segments -- mobile Internet, vertical markets and analog components. As demand for mobile Internet applications is exploding with the broad proliferation of smartphones, net books, note books, caplets and other forms of embedded wireless devices, Skyworks continue to gain traction.Perfect quality, environment-friendly products and sustainable business practices have been the key differentiators for the company in this competitive environment. The company is aggressively expanding into new vertical markets. It is investing heavily to increase its footprint in the traditional analog segments like automotive, medical and industrial. These are highly attractive markets with longer product life cycles, fewer competitors and higher margins.Skyworks has multiple connectivity technologies in a growing array of non-mobile applications. Additionally Skyworks is well-positioned to capitalize on the Internet of Things (IoT) with a rising demand for high-performance analog solutions in new markets. With continued investments in research and development to increase its IoT portfolio, the company expects to gain more businesses, going forward. Per the market estimates, the growth within the IoT market is likely to exceed that of other connected devices over the next five years with predictions of as many as 50 billion connected devices by the year 2020. Consequently, we expect Skyworks to have solid operating results in the imminent future.However, the wireless handset market is intensely competitive and exposed to pricing pressures. Skyworks has to continually introduce new products to fend off competition and remain updated on technological advancements. Heavy investments in R&D escalate operating expenses, often without any significant contribution to its top line.Nevertheless we remain impressed with the growth potential of this Zacks Rank #3 (Hold) stock. Better-ranked stocks in the industry include Himax Technologies, Inc. HIMX, QuickLogic Corporation QUIK and Rubicon Technology, Inc. RBCN, each carrying a Zacks Rank #2 (Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SKYWORKS SOLUTN (SWKS): Free Stock Analysis Report QUICKLOGIC CORP (QUIK): Free Stock Analysis Report HIMAX TECH-ADR (HIMX): Free Stock Analysis Report RUBICON TECHNOL (RBCN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research