Stock Rating Downgrade
The Value Trend Rating for Skyworks Solutions Inc (NASDAQ: SWKS) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Skyworks Solutions Inc (NASDAQ: SWKS) stock closed at $102.03 on 8/9/24 after a slight decline of -0.7%. However, exceptionally low trading volume at 42% of normal accompanied the decline. The stock has declined -5.5% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
SWKS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Skyworks Solutions has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Skyworks Solutions has a neutral Appreciation Score of 42 and a slightly negative Power Rating of 36, with the Negative Value Trend Rating the result.
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