Skyworks: Acquisitions Could Be Key To Long-Term Growth [Seeking Alpha]
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: Seeking Alpha
The Mobile segment experienced negative growth of 14.4% in 2023, attributed to softness in the smartphone market. The Broad Markets segment also saw a decline in revenue growth, but remains poised for long-term growth with strategic restructuring and innovative product introductions. We believe acquisitions could play a vital role in sustaining the company's long-term growth with management also indicating interest in pursuing M&A activity. In our previous analysis of Skyworks Solutions, Inc. ( NASDAQ: SWKS ), we highlighted its Broad Markets segment's growth was propelled by fast-growing end markets and believed the company's Broad Markets would predominantly drive its future growth due to the high-growth end markets like data centers, offsetting stagnant revenue growth in its Mobile segment due to flattish demand for Apple's ( AAPL ) next-gen iPhone, which constituted 59% of Skyworks' revenue. Nevertheless, Skyworks' revenue growth in 2023 deviated from our earlier projecti
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SWKS
News
- Why Skyworks Solutions Stock Sank This Week [Yahoo! Finance]Yahoo! Finance
- Skyworks Solutions, Inc. (NASDAQ: SWKS) had its price target lowered by analysts at Citigroup Inc. from $85.00 to $83.00. They now have a "sell" rating on the stock.MarketBeat
- Earnings Beat: Skyworks Solutions, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models [Yahoo! Finance]Yahoo! Finance
- Skyworks Solutions, Inc. (NASDAQ: SWKS) had its price target lowered by analysts at Wells Fargo & Company from $110.00 to $100.00. They now have an "equal weight" rating on the stock.MarketBeat
- Skyworks Solutions, Inc. (NASDAQ: SWKS) had its price target lowered by analysts at UBS Group AG from $110.00 to $100.00. They now have a "neutral" rating on the stock.MarketBeat
SWKS
Earnings
- 4/30/24 - Beat
SWKS
Sec Filings
- 5/2/24 - Form 4
- 5/1/24 - Form 10-Q
- 4/30/24 - Form 8-K
- SWKS's page on the SEC website