Skyworks Solutions (SWKS) has been experiencing shifts in its stock performance, with instances of trading lower and sinking with market gains, whilst also gaining as the market dips. A number of financial groups have adjusted their position on Skyworks, with institutions like the Great Valley Advisor Group, Swiss National Bank and NewEdge Wealth LLC reducing their holdings. Various financial entities have lowered their price target for Skyworks, including Citigroup, Mizuho, Rosenblatt Securities, Piper Sandler, Wells Fargo & Company, and JPMorgan Chase & Co. Despite this, Skyworks has had instances of surpassing earnings expectations. However, concerns remain over the company's future revenues, which have been reported to have decreased year on year. Barclays, TD Cowen, and Benchmark have downgraded their rating for Skyworks, with several institutions setting a "Hold" rating, indicating a neutral outlook for the stock. However, the stock has also garnered praise for being strong value, and there is speculation of a potential bull run. The company's CEO purchased over $1M in stock, a typically bullish sign from an insider. The company's Q1 and Q2 results were largely in line with expectations although the stock dropped in response. Analysts have been adjusting their models following Skyworks' earnings beat.
Skyworks Solutions SWKS News Analytics from Wed, 01 Nov 2023 07:00:00 GMT to Tue, 07 May 2024 09:15:00 GMT -
Rating 0
- Innovation -2
- Information 6
- Rumor -3
