68.52 0.00 (0.00%)
Pre-market: 8:37AM EST
|Bid||67.59 x 800|
|Ask||69.45 x 800|
|Day's range||68.03 - 70.00|
|52-week range||65.81 - 115.98|
|Beta (3Y monthly)||0.95|
|PE ratio (TTM)||13.68|
|Earnings date||4 Feb 2019 - 8 Feb 2019|
|Forward dividend & yield||1.52 (2.15%)|
|1y target est||98.92|
Semiconductor giant Broadcom (AVGO) has been posting stable revenue. It operates in the communications infrastructure sector, where exposure is high in the wired business.
Among suppliers, Skyworks Solutions Inc. dropped as much as 2.6 percent, though it erased much of that loss, last trading down about 0.5 percent. Qorvo Inc. was off 1.2 percent. Qualcomm Inc. said it won a ruling in China against Apple.
NEW YORK, Dec. 10, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Skyworks (SWKS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Skyworks Solutions Inc (NASDAQ:SWKS) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested back Read More...
Skyworks Solutions Inc., a radio frequency chipmaker that gets about half of its revenue from Apple, could be the next to cut revenue forecasts after a string of other suppliers have lowered their projections. The company gave its fiscal first quarter forecast on Nov. 8, four days before Lumentum Holdings Inc. sounded the alarm. It didn’t mention Apple, but the tech giant is Lumentum’s biggest customer.
Of late, Apple (AAPL) has been witnessing sluggish demand for its iPhones, making investors jittery. Apple reported better-than-expected revenue and earnings in the fourth quarter of fiscal 2018 but missed iPhone shipment estimates on November 1. The company reported iPhone unit shipments of 46.9 million in the quarter, down from analysts’ expectation of 47.5 million units.
Skyworks Solutions’ stock is down nearly 25% this year. Morgan Stanley, previously bearish on the stock, says the negative sentiment is an “opportunity to move to the sidelines.”
Apple (AAPL) stock has been falling since the company reported soft guidance for the first quarter of fiscal 2019, which ends in December. On November 1, the company reported weak fiscal 2018 fourth-quarter results, wherein it failed to meet iPhone shipment numbers—a critical factor when it comes to measuring the company’s revenue.
Apple (AAPL) has been witnessing weaker-than-expected demand for its new iPhone models. Amid weakness in demand, on November 21, analyst Rod Hall of Goldman Sachs (GS) lowered his price target on the stock, reiterating its “neutral” rating. Goldman slashed Apple’s price target from $209 to $182.
Apple investors were already worried after the tech giant posted a weak holiday-quarter sales forecast and lowered its outlook from several suppliers. Apple stock fell nearly 4% on November 19 and ~4.8% on November 20 amid fears that sales of the new iPhone models, including the iPhone XR and the flagship iPhone XS and XS Max, may not be as strong as the company had initially expected. Apple’s prominent suppliers Qorvo (QRVO) and Lumentum Holdings (LITE) also lowered their guidances due to softness in iPhone-related orders.
Apple (AAPL) has been witnessing weaker-than-expected demand for its new iPhone models, which has pushed suppliers to cut down on orders. According to analysts like RBC Capital Markets analyst Amit Daryanani, the cut in iPhone production is normal for the iPhone cycle.
Apple (AAPL) stock declined 3.96% to $185.86 on Monday after the company slashed its production orders for all three iPhone models launched in September, according to a Wall Street Journal report. The stock has declined more than 17% since the beginning of October from a record high following a disappointing holiday quarter sales forecast and a weak outlook from several suppliers.
The steady drumbeat of negative reports about iPhone demand and production cuts continues to hound Apple stock. The news also has weighed on chip stocks.
More Wall Street analysts lowered their iPhone sales estimates on Tuesday following reports of production cuts by Apple's supply chain partners. Apple stock dipped by 1% at the close.