Skyworks Solutions, Inc.’s Stock Price Dips to $83.09, Marking a 4.54% Decrease – Is it Time to Buy?

Skyworks Solutions, Inc. (SWKS)

83.09 USD -3.95 (-4.54%) Volume: 5.66M

Explore how Skyworks Solutions, Inc.’s stock price is performing at 83.09 USD, witnessing a dip of -4.54% this trading session with a trading volume of 5.66M and an annual decline of -22.58% YTD, reflecting its market volatility.

Latest developments on Skyworks Solutions, Inc.

Skyworks Solutions (NASDAQ:SWKS) reported strong Q4 and FY24 results, with earnings and revenues exceeding estimates. However, the company’s quarterly guidance fell short of expectations, leading to a drop in stock price. Analysts have slashed price forecasts amid weak guidance and inventory challenges, causing the stock to enter oversold territory. Despite challenges in key sectors and lower-than-expected demand in certain markets, Skyworks remains optimistic about a transformative mobile upgrade cycle driven by AI. The company’s stock price targets have been lowered by various analysts, with concerns about its ties to Apple impacting investor sentiment. Skyworks Solutions is focused on returning to annual revenue growth in the upcoming quarter, aiming to overcome current headwinds and drive future success.

Skyworks Solutions, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have published a bullish research report on Skyworks Solutions, titled “Skyworks Solutions: Advancements in Data Centers and Wireless Infrastructure! – Major Drivers”. The report highlights the company’s fiscal third quarter 2024 results, where revenues, earnings per share (EPS), and free cash flow either met or exceeded prior guidance. Skyworks Solutions reported revenues of $906 million, an EPS of $1.21, and a robust free cash flow generation of $249 million for the quarter, totaling $1.3 billion year-to-date with a significant 40% margin.

A look at Skyworks Solutions, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma’s Smart Scores, Skyworks Solutions has a positive long-term outlook. With high scores in Dividend and Value, the company demonstrates strong financial health and potential for growth. While Growth, Resilience, and Momentum scores are slightly lower, indicating some room for improvement, the overall outlook remains positive. Skyworks Solutions, a wireless semiconductor company, specializes in designing and manufacturing radio frequency solutions for mobile communications, catering to a global customer base.

Skyworks Solutions‘ high Dividend score suggests a stable financial performance and commitment to shareholder returns. The Value score reflects the company’s attractive valuation compared to its peers. With a focus on providing front-end modules and system solutions for wireless applications, Skyworks Solutions is well-positioned in the market. Although there is room for improvement in Growth, Resilience, and Momentum, the company’s strong foundation and consistent dividends make it a promising investment for the future.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma