Jim Cramer expresses his fondness for
Skyworks Solutions (SWKS) due to its association with
Apple (AAPL). Several major financial institutions, including
State of Alaska Department of Revenue,
Wealth Enhancement Advisory Services LLC,
Regal Wealth Group Inc., and
Compass Wealth Management LLC have sold their shares of SWKS. Simultaneously,
Sumitomo Mitsui Trust Holdings Inc.,
Founders Financial Securities LLC,
State of Michigan Retirement System, and
Banque Cantonale Vaudoise have bolstered their positions in the firm. Mixed performance in a volatile economy, beating analysts' estimates, and a difficult price to earnings ratio depict a dual scenario for SWKS. The company's Q2 earnings surpassed estimates with a slight decrease in revenues. However, various analysts and institutions, such as
B. Riley and
Goldman Sachs, are amending their outlook on SWKS. The company's stock has lost value over the past three years and declined post earnings reports but outperforms its competitors despite these falls. Institutional ownership stands significant, and
acquisitions could steer long-term growth. However, the sinking paired with softer guidance initiates concerns. The company's CEO has purchased more stock, and the company has an optimistic dividend growth projection. Finally, SWKS's Q2 FY24 results once again weathered a challenging economic landscape.
Skyworks Solutions SWKS News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sun, 07 Jul 2024 09:23:17 GMT -
Rating 2
- Innovation 3
- Information 6
- Rumor -2
