Skyworks Solutions, Inc.

$SWKS Bullish but overbought conditions in Skyworks

244
Earnings are tonight and expectation are very high, due to the companies reliance on Apple demand. Suppliers to AAPL have ran hard in the past month and it is not advisable to be jumping on the bandwagon now if not already holding shares. Our previous target has been hit and we will sit on the sidelines as indicators are extremely overbought, it is difficult to determine whether fundamentals will have dominance over technicalls post earnings.
We may very well miss out on another run higher but the overbought conditions can not be ignored and the gap at $90 is also a concern.
P/E ratio 19.
Short interest 4.3%.
Company profile
Skyworks Solutions, Inc. engages in the design, development, and manufacture of proprietary semiconductor products. Its product portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, synthesizers, power dividers and combiners, receivers, switches, and technical ceramics. It operates through the following geographic areas: United States; China; South Korea; Taiwan; Europe, Middle East, and Africa; and Other Asia-Pacific. The company was founded in 1962 and is headquartered in Woburn, MA.

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。