Financial GuidanceSkyworks provided revenue guidance for the Broad Markets business that was better-than-feared, indicating a positive outlook for investors.
Financial PerformanceSkyworks is poised for margin improvements with the normalization of handset/RF inventories and an anticipated recovery in the Broad Markets business.
Market RecoverySigns of a rebound in the Android smartphone market and the Broad Markets business suggest a potential uplift for Skyworks' stock.
Bears Say
Financial PerformanceGuidance for the next quarter's earnings per share is significantly below consensus.
Market DemandInventory build-up across the company's mobile business indicating weak demand.
Revenue OutlookWith an iPhone procurement outlook facing downside pressures for 2024, and weakness in Industrial and Automotive impacting Broad Markets, the outlook for this year remains uninspiring.
Skyworks Solutions pays a Quarterly dividend of $0.68 which represents an annual dividend yield of 2.47%. See more information on Skyworks Solutions dividends here
What is Skyworks Solutions’s EPS estimate?
Skyworks Solutions’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Skyworks Solutions have?
Skyworks Solutions has 160,444,370 shares outstanding.
What happened to Skyworks Solutions’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of Skyworks Solutions?
Among the largest hedge funds holding Skyworks Solutions’s share is Vulcan Value Partners, Llc. It holds Skyworks Solutions’s shares valued at 325M.
Skyworks Solutions, Inc. is a semiconductor company. It engages in designing, manufacturing, and marketing of a broad range of high-performance analog and mixed signal semiconductors that enable wireless connectivity.
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