Skyworks Solutions, Inc.’s Stock Price Takes a Dip to $97.25, Recording a 5.09% Drop

Skyworks Solutions, Inc. (SWKS)

97.25 USD -5.22 (-5.09%) Volume: 3.23M

Skyworks Solutions, Inc.’s stock price stands at 97.25 USD, witnessing a decline of -5.09% in the current trading session with a trading volume of 3.23M, reflecting a year-to-date percentage change of -13.49%, highlighting the fluctuating performance of SWKS stocks in the market.

Latest developments on Skyworks Solutions, Inc.

Skyworks Solutions (NASDAQ:SWKS) stock experienced a turbulent day as various factors influenced its movements. Insider selling caused shares to gap down, while concerns about Apple iPhone sales led chip stocks like Skyworks, Broadcom, and Qorvo to trade lower. Additionally, State of New Jersey Common Pension Fund D and GHP Investment Advisors Inc. sold shares, contributing to the stock’s downward trend. Despite this, an executive at Skyworks sold shares worth over $950k, adding to the mixed signals surrounding the company’s performance. With all these events in play, investors are closely monitoring Skyworks Solutions stock today.

Skyworks Solutions, Inc. on Smartkarma

Analysts at Baptista Research have been closely monitoring Skyworks Solutions on Smartkarma, highlighting the company’s advancements in data centers and wireless infrastructure as major drivers. In their report titled “Skyworks Solutions: Advancements in Data Centers and Wireless Infrastructure! – Major Drivers,” they noted that the company’s fiscal third quarter 2024 results met or exceeded prior guidance, with revenues of $906 million, an EPS of $1.21, and strong free cash flow generation totaling $249 million for the quarter and $1.3 billion year-to-date.

Furthermore, Baptista Research also published a report titled “Skyworks Solutions Inc.: Continued Investment in Technology and Product Roadmaps! – Major Drivers,” emphasizing the company’s solid financial performance in the second fiscal quarter of 2024. With revenue reaching $1.046 billion, earnings per share at $1.55, and $300 million generated in operating cash flow, Skyworks Solutions Inc. shows promising opportunities in the edge IoT market. The analysts highlighted a robust design win pipeline for WiFi 6E and WiFi 7, suggesting a potential multiyear upgrade cycle ahead.

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

Looking at the Smartkarma Smart Scores for Skyworks Solutions, the company seems to have a promising long-term outlook. With a high score in Dividend and a solid score in Value, investors may see potential for stable returns and value in the company. While Growth, Resilience, and Momentum scores are not as high, the overall outlook for Skyworks Solutions appears positive.

Skyworks Solutions, Inc. is a wireless semiconductor company that specializes in designing and manufacturing radio frequency solutions for mobile communications. With a focus on providing system solutions to wireless handset and infrastructure customers globally, the company’s high Dividend score indicates a strong commitment to rewarding shareholders. While there may be room for improvement in Growth, Resilience, and Momentum, Skyworks Solutions‘ overall outlook remains optimistic based on the Smartkarma Smart Scores.

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