Is Skyworks Solutions Stock a Buy?
Share prices for connectivity chip design leader Skyworks Solutions (NASDAQ: SWKS) are up a market-beating 44% over the last year. The initial rollout of 5G mobile networks -- and the subsequent purchase of 5G-enabled smartphones to take advantage of the latest generation of wireless service -- have boosted the company's results. This is in spite of lingering after-effects of the U.S.-China trade war as well as lower smartphone sales last year during the pandemic.
It's been an epic run for Skyworks, but a recent sell-off in the stock (along with other tech stocks in recent weeks) could spell an opportunity for the right type of shareholder.
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Source Fool.com
