Sanctuary Advisors and
Cetera Investment Advisers have made significant purchases of
Skyworks Solutions, Inc. stock, while
Truist Financial Corp and
Mount Yale Investment Advisors LLC have reduced their positions. Skyworks shares crossed the 3% yield mark and its balance sheet is perceived as healthy. Analysts provide mixed perspective about the stock, with some suggesting it could be worth watching due to the
Apple factor, while others express concern over a declining trend in company earnings and investor returns.
Barclays downgraded Skyworks, contributing to a 6.1% drop in stock since the last earnings report. Despite this, there's an expectation of beating earnings estimates ahead of the Q2 release, while Q3 earnings meet estimates despite reduced revenues year/year.
Goldman Sachs attests that Skyworks could be a good hardware stock to buy while some insiders sell shares. The
Apple relationship remains a critical factor due to a potential shift away from Skyworks. A conservative outlook following Q3 revenue results below estimates contributes to the company's stock trading down. However, a gearing up for a potential bull run remains a possibility.
Skyworks Solutions SWKS News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sat, 12 Oct 2024 08:41:18 GMT -
Rating 0
- Innovation -3
- Information 6
- Rumor -5
