Skyworks Solutions (SWKS) has been experiencing significant fluctuations in its stock performance recently. The company's Q2 2024 earnings have been reported and they managed to surpass estimates, despite lowering revenues Y/Y. Also in Q2, the firm's stock moved -1.13% causing its valuation to go under scrutiny by investors. Some institutional owners such as Apollon Wealth Management LLC have begun to sell their shares. Amid the downward swings, however, Skyworks Solutions has still managed to show signs of gaining against the broader market, albeit still lagging behind. Analysts have a mixed response, with some like Wolfe Research downgrading the stock, while others have reiterated their ratings. The firm is also amidst persistent sell-offs despite an upcoming dividend payment for the shareholders. On a more positive note, the company's CEO purchased stocks worth $1,002,780.00, which can be viewed ass a confident bet on the company. Finally, amidst the market volatility, the company managed to report a mixed performance for Q1 FY24. Future outlook, however, remains cautious due to softer guidance. This constant mix of positive and negative news creates uncertainty for SWKS.
Skyworks Solutions SWKS News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Thu, 16 May 2024 11:27:44 GMT -
Rating -3
- Innovation 0
- Information 0
- Rumor -2