SWKS Stock Recent News

There are some alternative chip stocks available beyond the marquee names of Nvidia (NASDAQ: NVDA ), Intel (NADAQ: INTC ) and the like. The reason I'm bullish on these companies is because they have one thing in common: lower valuations than the mainstream stocks we're all used to talking about.

Skyworks Solutions reported in-line results and solid guidance, with a turning point in the Android market and growth in semiconductor businesses on the horizon. The company's business model is complex, with divisions between broad markets and mobile, making it difficult to project future performance. Skyworks sees opportunities for growth in the broad markets segment, particularly in consumer IoT and infrastructure, while expecting temporary headwinds in wireless infrastructure and traditional data centers.

Skyworks (SWKS) reported earnings 30 days ago. What's next for the stock?

IRVINE, Calif.--(BUSINESS WIRE)--Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog and mixed-signal semiconductors connecting people, places and things, today announced that executives will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 5, 2024, at 9:30 a.m. PST from the Palace Hotel in San Francisco. The event will be webcast live and archived for replay for one week following the conference in the “Invest.

Skyworks' (SWKS) first-quarter fiscal 2024 results reflect the negative impact of high inventory levels in the broad market amid a challenging macroeconomic environment.

Skyworks Solutions, Inc. (SWKS) Q1 2024 Earnings Call Transcript

Skyworks Solutions (SWKS) came out with quarterly earnings of $1.97 per share, beating the Zacks Consensus Estimate of $1.95 per share. This compares to earnings of $2.59 per share a year ago.

Apple supplier Skyworks Solutions beat market estimates for quarterly profit on Tuesday, as stabilizing end-markets and growing usage of 5G technology boost demand for the chipmaker's solutions.

Skyworks Solutions produces a large range of components that are used in various electronic devices. More devices requiring more advanced content per device is a powerful one-two demand punch for the company over the coming years. The company's dividend has been reliably growing at a high-single digit to low-double digit rate, and the most recent dividend raise of 9.7% is more evidence of that. Along with that growth, the stock offers a market-beating 2.5% yield.

The market, and most investors and traders, had become bearish regarding semiconductor and chip stocks. You can't really blame them, though – maybe this affected you as well -as during the COVID-19 pandemic, semiconductor shortages were all the rave, affecting several industries and taking a massive hit on those directly exposed to the sector.