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This Top Growth Stock Has Doubled Since March, and It Can Go Higher

TheMotleyFool

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This Top Growth Stock Has Doubled Since March, and It Can Go Higher

Skyworks Solutions (NASDAQ: SWKS) entered 2020 on its back foot thanks to the weakness in smartphone sales last year and its reliance on Huawei for a nice chunk of revenue. But the chipmaker looked like a promising bet for growth investors a year ago thanks to a potential spike in sales of 5G smartphones and its close relationship with Apple.

A year since making my recommendation, Skyworks Solutions has outperformed the broad market. What's more, the stock has more than doubled in value since hitting its 52-week low during the coronavirus-fueled crash in March.