Skyworks Solutions (SWKS) has been making notable moves recently. An independent non-employee director sold 29% of their shares, as did Robert A. Schriesheim, reducing their holding by 25,433 shares. The company has seen significant movements from investment bodies such as Bank of Nova Scotia adding 143,301 shares and Clark Estates Inc. NY investing $3.82 Million. However, its stock dipped marginally by 0.08% and 0.3% post their Q2 2024 Earnings Call, following which Quest Partners LLC acquired a new position and the dividend was increased to $0.68. The Q2 earnings surpassed estimates in a tough economic landscape, despite revenues being down year-on-year. The unveiling of Sky5 Platform supporting 5G networks was a milestone, but the stock received mixed reactions reflecting various trading and analytical perspectives. Concerns were raised about softer guidance and potential overleveraging of debt. Despite this, they outperformed competitors on certain trading days. Despite some criticisms and recommendations of 'Hold' from analysts, they also saw praise for beating earnings forecasts. Institutional ownership stands at a robust 87%, but the last three years have unfortunately seen a loss of 38% for investors.
Skyworks Solutions SWKS News Analytics from Mon, 07 Aug 2023 07:00:00 GMT to Sun, 02 Jun 2024 14:52:01 GMT -
Rating 2
- Innovation -3
- Information 7
- Rumor -4
