Skyworks Solutions Inc. has observed notable activity in the stock market with various investment groups altering their stakes.
Quest Partners LLC and
Cantor Fitzgerald Investment Advisors L.P. initiated positions, while
Orion Portfolio Solutions LLC and
Franklin Resources Inc. sold shares. Major stake reductions were also executed by
Wells Fargo & Company MN and
Janney Montgomery Scott LLC. Despite Q2 2024 earnings surpassing estimates,
Skyworks stock faced headwinds, dropping 0.3% post-earnings. Moreover, its returns on capital have raised concerning queries.
Skyworks' CEO might face scrutiny over their salary, as the stock is undervalued by a reported 32% and saw a 3.3% decline, extending losses over the year. Consequently, Investors have lost 38% over the last three years. Future prospects indicate fluctuating performance, with FY24 Q2 outcomes navigating a difficult economic landscape. However, Wariness is called for due to potential softer guidance and the company's heavy debt. Despite these concerns, its bull run is anticipated with 87% institutional ownership and its future interconnected with major players like
Apple. Some analysts have rated
Skyworks as 'Hold', suggesting a cautious approach until all concerns are resolved.
Skyworks Solutions SWKS News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Thu, 30 May 2024 18:45:33 GMT -
Rating -3
- Innovation -5
- Information 8
- Rumor -4
