Citigroup gets negative on chip stocks, citing weak iPhone demand [CNBC]
Skyworks Solutions, Inc. (SWKS)
Last skyworks solutions, inc. earnings: 1/23 04:01 pm
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US:NASDAQ Investor Relations:
investors.skyworksinc.com/investor-relations
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Source: CNBC
Semiconductor producer Skyworks Solutions was downgraded at Citigroup on Monday in light of Apple's weaker-than-expected iPhone XR outlook and softer smartphone demand in China. We are downgrading Skyworks Solutions to neutral from buy post the earnings season based on broad smartphone weakness observation in China and disappointing iPhone XR unit sales, which will likely hinder radio frequency semis growth in 2019, analyst Atif Malik wrote in a note to clients. Additionally, we now think that 5G is a 2020 story versus our prior 2019 view with little upside in 2019 from 5G implementation. Malik wrote that during Skyworks' September-quarter earnings call, management noted that a unit decline in premium smartphone and overall China softness were driving a below-seasonal December quarter. Company leadership said the March quarter expected be be down 12 percent on a seasonal basis. Citi cut its price target on Skyworks to $85 from $116, representing 10.8 percent upside f
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SWKS
News
- Skyworks Solutions, Inc. (NASDAQ: SWKS) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Skyworks Solutions, Inc.'s (NASDAQ:SWKS) latest 3.3% decline adds to one-year losses, institutional investors may consider drastic measures [Yahoo! Finance]Yahoo! Finance
- Skyworks Solutions: Buzzwords Do Not Translate To Income [Seeking Alpha]Seeking Alpha
- Global RFFE Market Analysis Report 2024, Featuring Profiles of Key Players Infineon Technology, NXP Semiconductor, Qualcomm, Broadcom, Skyworks, Teradyne, Soitec and Renesas Electronics [Yahoo! Finance]Yahoo! Finance
- Skyworks Solutions, Inc. (NASDAQ: SWKS) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
SWKS
Earnings
- 1/30/24 - Beat
SWKS
Sec Filings
- 3/28/24 - Form ARS
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form DEF
- SWKS's page on the SEC website