Skyworks Solutions (SWKS) has been under considerable scrutiny following its recent mixed bag of
third-quarter results for the year 2024. While the earnings were
in line with expectations, the stock has displayed volatility. Analysts' sentiment towards the company fluctuated as reflected in the changes in the company’s
price target, ranging from $110.00 to $130.00, and reiterated neutral or hold ratings. These amendments followed the
revenue decline year over year and concerns about the company's
capital allocation. However, the company is seen as a favorable choice among institutional investors and saw some changes in stakes held by
major asset management companies. On the other hand, SWKS's increasing
dividend to $0.70 per share and their connection with
Apple have been positive for the company’s reputation. Despite the mixed financials, analysts are
updating their models as they still see possibility in the company’s growth. Nevertheless, Skyworks Solutions needs to navigate the tough economic landscape with more accuracy.
Skyworks Solutions SWKS News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sun, 04 Aug 2024 06:31:53 GMT -
Rating -3
- Innovation 5
- Information 6
- Rumor -2
