Skyworks Solutions (SWKS) faces speculation across the finance world, raising debates whether it's time for investors to sell, adjust, or maintain their shares. Capital allocation concerns and underperformance compared to competitors mark some of the NEGATIVE indicators. Yet, expectations for future market trends may suggest a likelihood of recovery. Despite
Q3 2024 earnings matching estimates, the company's
stock has generally traded down recently. Investors' returns and company earnings have been trending downwards for the past three years, with a notable insider selling off 29% of his holdings. Critical analysis foresees a potential struggle in rebounding from a 6.1% decline since the last earnings report. On the POSITIVE side, Jim Cramer voices his support for SWKS, mainly due to its ties with Apple. Furthermore, the company's value is considered fairly priced, especially with an impressive 87% institutional ownership.
Analysts estimate the company to be worth $115 after recent results. Although downgraded by Barclays and facing possible content loss concerns with the iPhone, there are upgrades in price targets on the horizon. The mixed Q3 results suggest that while revenue was deemed a beat, the earnings per share missed the mark.
Skyworks Solutions SWKS News Analytics from Tue, 19 Dec 2023 08:00:00 GMT to Thu, 31 Oct 2024 15:38:38 GMT -
Rating -4
- Innovation 0
- Information 1
- Rumor -3
