LSV Asset Management and Victory Capital Management Inc. have decreased their shares in Skyworks Solutions, while Narwhal Capital Management and Impact Partnership Wealth LLC have increased their holdings. Despite mixed Q3 results and falling revenue due to slowing auto chip demand, there has been an improved relative price strength in Skyworks Solutions' stock. The company also appears to be on Goldman Sachs' radar as a good hardware stock to invest in. Furthermore, Skyworks faces future challenges, especially with a potentially significant loss of Apple ASP, and the company's stock has notably dropped since the last earnings report. However, there is optimism for the next quarter's growth. Also, the CEO, President & Chairman of the Board of Skyworks showed confidence in the company, acquiring 7.8% more stock. The company remains a favorite among institutional investors with an 87% ownership. It is also noteworthy that Skyworks is considering acquisitions for long-term growth.
Skyworks Solutions SWKS News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sun, 08 Sep 2024 16:33:56 GMT -
Rating -2
- Innovation 0
- Information 7
- Rumor -6
