Several articles today have reported on the financial status and future prospects of Skyworks Solutions, Inc. (NASDAQ:SWKS). There's speculation that the CEO's salary might be put under review, given the company's recent financial performance. Their earnings reports have been a mixed bag, with both Q2 and Q1 results meeting estimates but revenues down year on year. This may explain the conservative accounting noted in their reports. To complicate matters, both Citigroup and Barclays have downgraded Skyworks, and Mizuho has lowered the price target to $115.00.
The company's stock has been fluctuating, sinking with market gains and making modest gains when the market dips. Despite the volatility, it is reported that Skyworks Solutions stands as strong value stock with good dividend growth and market-beating yield.
A number of pieces have expressed uncertainty about the future of Skyworks' stock, particularly should their partnership with Apple end. However, according to insider trading news, 87% of the company's ownership belongs to institutions, suggesting strong support and faith in the company's long-term prospects.
Skyworks Solutions SWKS News Analytics from Wed, 01 Nov 2023 07:00:00 GMT to Wed, 08 May 2024 11:55:03 GMT - Rating 0 - Innovation 4 - Information 6 - Rumor -2
