Time to Get Greedy With Skyworks Solutions Inc's Stock
Skyworks Solutions Inc (NASDAQ: SWKS) designs analog semiconductors that power wireless connectivity in a number of different devices like smartphones, wearables, and smart-home systems. Given the proliferation of the Internet of Things (IoT) and smartphone connectivity, this has been a good business to be in the past few years.
Shareholders certainly have nothing to complain about this year. Shares are up 28% year to date, easily outpacing the S&P 500's returns by double digits. That being said, shares have dropped by almost 18% since the company reported its fourth-quarter and fiscal-year 2017 results in early November.
When a company's stock drops precipitously shortly after earnings are reported, it's healthy for investors to ask what caused the tumble. Sometimes it might represent legitimately bad news indicating that an investor's original thesis for investing in a stock is busted. If this is the case, it might be best for even long-term, buy-and-hold investors to sell. However, it can also be a case of a short-term obsessed market losing sight of the big picture. In the case of Skyworks Solutions, I firmly believe it is the case of the latter and that the recent drop represents a buying opportunity.
Source: Fool.com
Skyworks Solutions Inc. Stock
With 15 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 112 € shows a positive potential of 33.19% compared to the current price of 84.09 € for Skyworks Solutions Inc..
