2 Key Takeaways From Skyworks Solutions’ Q4 Earnings Report
Skyworks Solutions' (NASDAQ: SWKS) fourth-quarter results crushed Wall Street expectations thanks to the rapidly growing adoption of its connectivity chips across a wide range of consumer categories, including smartphones, smartwatches, and smart homes, among others. Investors, however, weren't impressed with the company's guidance for the current quarter.
Skyworks' guidance indicates a year-over-year jump of 19% in earnings on 15% growth in revenue for the current quarter. But it looks like the market was expecting something more from the company given its strong positioning in Apple's latest iPhones. However, a closer look at the chipmaker's latest report shows that it has become more than just an Apple play.
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Source: Fool.com
Skyworks Solutions Inc. Stock
We see a rather positive sentiment for Skyworks Solutions Inc. with 15 Buy predictions and 1 Sell predictions.
With a target price of 114 € there is a slightly positive potential of 6.52% for Skyworks Solutions Inc. compared to the current price of 107.02 €.
