SWKS Declines 14% YTD: How Should Investors Play the Stock?
Skyworks(SWKS) ZACKS·2024-10-05 00:26
Skyworks’ (SWKS) shares have underperformed the Zacks Computer & Technology sector and its peers Qorvo (QRVO) and Broadcom (AVGO) on a year-to-date basis.Skyworks’ shares have dropped 14%, while Broadcom’s shares have surged 54%. Qorvo’s shares have declined 9.7% year to date. The broader sector has appreciated 22.5% over the same timeframe.The underperformance can be attributed to persistent challenges in broad markets and data centers due to elevated inventory levels amid ongoing recovery. Sluggishness in ...