SWKS Should I Buy
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Skyworks Solutions Inc (SWKS) is not a strong buy for a beginner investor with a long-term strategy at this time. The stock's technical indicators are neutral, options data suggests mixed sentiment, and financial performance shows significant declines in revenue, net income, and EPS. Additionally, hedge fund selling and regulatory scrutiny surrounding the Qorvo merger add to the uncertainty. While the company has some positive catalysts, such as operational execution and demand in its Broad Markets segment, the overall picture does not support a strong buy recommendation.
The MACD is positive at 0.792, indicating slight bullish momentum, but it is contracting. RSI is neutral at 51.401, and moving averages are converging, suggesting no clear trend. Key support is at 55.899, and resistance is at 63.241. Overall, the technical indicators are neutral.
Strong operational execution and demand in the Broad Markets segment.
Positive sentiment around the Qorvo merger, which could enhance long-term growth opportunities.
Regulatory scrutiny delaying the Qorvo merger.
Hedge funds significantly increasing their selling activity.
Declining financial performance, including a 3.10% YoY revenue drop and a 51.11% YoY net income decline.
Analysts have lowered price targets, with most maintaining neutral ratings.
In Q1 2026, revenue dropped by 3.10% YoY to $1.035 billion, net income declined by 51.11% YoY to $79.2 million, and EPS fell by 47.00% YoY to $0.53. Gross margin slightly decreased to 41.24%. The company's financial performance is under pressure, with significant declines in profitability.
Analysts have lowered price targets across the board, with most maintaining Neutral or Hold ratings. The average price target is now in the $58-$65 range, reflecting moderate downside risk. Analysts cite strong operational execution but express concerns about flat iPhone content growth and regulatory delays in the Qorvo merger.
