Skyworks Solutions, Inc.(NASDAQ:SWKS) has seen a significant mix of positive and negative occurrences recently. The company's stock price has suffered due to its
fundamentals and latest stock performance influencing it negatively. However, their shares had a sudden increase of 8.9% happening over just a week. Also,
Bessemer Group Inc. and the
Canada Pension Plan Investment Board acquired a significant number of Skyworksβ shares. The
Q2 2024 earnings call were characterized by a difficult economic landscape and while revenues were
reportedly down year-over-year, Q2 earnings still managed to surpass estimates. Negative factors include the stock trading lower and
First Foundation Advisors lowering their stake in the company. Meanwhile,
Healthcare of Ontario Pension Plan Trust Fund increased their holdings in the firm and
Jim Cramer showed his love for SWKS due to the Apple factor. The
CEO, President & Chairman of the Board picked up an additional 7.8% of SWKS stock, indicating internal confidence. The company's stock also hit a new 1-year high at $115.89. There's a hint of cautious market sentiment towards the company's future due to concerns of a softer guidance.
Skyworks Solutions SWKS News Analytics from Thu, 07 Sep 2023 07:00:00 GMT to Sat, 27 Jul 2024 22:17:19 GMT -
Rating 0
- Innovation -3
- Information 8
- Rumor -5
