Peterson Wealth Services has reduced their stake in
Skyworks Solutions, followed by several other investors. Significant
securities fraud investigations were announced against the company, urging investors who incurred losses to join the lawsuits. The reduction in investors' stakes is mainly due to Skyworks Solutions' disappointing financial report. Despite this bleak outcome, analysts suggest a potential ray of hope following these unsettling earnings.
Apple, a critical Skyworks customer, predicts sales slump and has plans to reduce content demand for new iPhones, severely impacting Skyworks. This blow caused the company to sink, leading to significant stock sell-offs by various investors and firms. Amid these financial troubles, Skyworks announced a leadership change with the arrival of Philip Brace, an industry power player, expected to drive its next growth chapter. Despite challenges related to their
mobile revenue outlook, Skyworks managed to beat revenue forecasts while announcing a
$2 billion share buyback. However, the company faces stiff competition from Broadcom, Qualcomm, and Apple, which are speculated to gain as Skyworks loses iPhone business.
Skyworks Solutions SWKS News Analytics from Fri, 12 Mar 2021 08:00:00 GMT to Sat, 15 Feb 2025 07:31:13 GMT -
Rating -8
- Innovation -6
- Information -4
- Rumor -7
