Over the recent period, Skyworks Solutions, Inc. (NASDAQ:SWKS) has seen a series of financial shifts, price changes, and management decisions. Geode Capital Management LLC, Kovitz Investment Group Partners LLC, and Arvest Bank Trust Division all raised their stake in the company. However, National Bank of Canada FI, Soltis Investment Advisors LLC, State Street Corp, and Two Sigma Advisers LP decreased their holdings.
Since last earnings report, SWKS has been up 7.5%, although it has plunged 23% year-to-date. The company's Q3 sales numbers were not surprising, and failed to meet analyst estimates. Its
earnings have been lackluster, leading to a drop in current stock trades. For fiscal year 2025, SWKS has announced new executive positions. SWKS has registered strong mobile revenue growth, with
AI-Driven smartphone demand projected to boost holiday sales. However, an inventory challenge and weak auto demand caused the company to face headwinds, as reflected in downward revisions of price forecasts by analysts. Investment stakes were also affected by several investment management firms, including Neo Ivy Capital Management, Y Intercept Hong Kong Ltd, Empowered Funds LLC, and Captrust Financial Advisors. The
achievements of SWKS include record 40% free cash flow margin and securing global auto certification. Despite shortcomings, further technological integration and advancement point to potential growth for the company in the future.
Skyworks Solutions SWKS News Analytics from Tue, 30 Apr 2024 07:00:00 GMT to Sat, 14 Dec 2024 10:14:31 GMT -
Rating 4
- Innovation 3
- Information 8
- Rumor 2
