Skyworks Solutions (SWKS) Is the 'Chart of the Day'

NEW YORK (TheStreet) -- Shares of Skyworks Solutions (SWKS) were falling 0.2% to $103.82 Wednesday after the analog semiconductor manufacturer announced a line of new ceramic-based filters targeting high-frequency applications.

The new filters are compact, offering improved power handling, and can support frequencies up to 7 GHz. The new solutions are completely customizable to meet more demanding architectures, according to the company.

"Skyworks is pleased to be expanding our portfolio of ceramic-based filters to address customer demands and market needs," Mark A. Wolf, vice president and general manager of Skyworks' Trans-Tech division, said in a statement. "As the world leader in technically advanced ceramics, our new high frequency solutions reduce board space, deliver higher power and are manufactured using the highest quality and most consistently reproducible components available today."

Insight from TheStreet's Research Team:

TheStreet's Bryan Ashenberg and Bob Lang of Trifecta Stocks have identified Skyworks Solutions as the "Chart of the Day." Here is what Ashenberg and Lang have to say about the stock:

 

Strong performance by the semiconductor group is a great sign of health for markets. Skyworks Solutions (SWKS:Nasdaq) is one of the best performing names in the group, and after a nice consolidation, it appears ready for a breakout.

After reaching all-time highs in late March (at which point the stock was up about 45% year-to-date), it was time for a cooling off period. Volume trends came in as the stock worked sideways within a range but higher than the huge volume day (circled). This is meaningful consolidation.

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