Skyworks Solutions, Inc. (NASDAQ:SWKS) consistently emerges in the recent market discourse. Notably, the corporation's current price at US $99.45 has sparked debates on its investment viability. On one hand, Carlos S. Bori sold 9,321 shares while Savant Capital LLC offloaded 6,581. On the other, Andra AP fonden and Pzena Management LLC increased their stakes with 12,500 and 661,144 shares respectively. Acknowledging the
Apple factor, Jim Cramer endorses the stock despite recent mixed Q2/Q3 results and muted guidance.
Advanced Micro Devices outperformed SWKS in a comparative analysis of best chip stocks. Additionally, potential repercussions are speculated following rumored loss of Apple ASP. Despite meeting Q1 sales numbers and earnings forecasts, Skyworks' stock took a hit after earnings announcement and there is a noted decline over the past five years. Barriers to equity growth also include a probable inability to effectively allocate capital and slowing auto chip demand. Nevertheless, high institutional ownership of 87% underscores continued market confidence while acquisition remains a potential growth catalyst. Concerns of softer guidance and a possible disengagement from Apple also contribute to existing market uncertainties.
Skyworks Solutions SWKS News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sat, 14 Sep 2024 01:47:33 GMT -
Rating -3
- Innovation -5
- Information 8
- Rumor -5
