On 5/1/24, Skyworks Solutions Inc (NASDAQ: SWKS) stock suffered a major decline of -15.3%, closing at $90.30. Moreover, exceptionally high trading volume at 351% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -9.1% during the last week.
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). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Skyworks Solutions has a neutral Power Rating of 42 and a slightly negative Appreciation Score of 40, resulting in the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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