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Skyworks Solutions' stock hasn't performed well.
The reliance on Apple and Samsung Electronics been a major problem over the past couple years for Skyworks Solutions. The two mobile phone manufacturers' businesses have declined along with demand for smartphones.
That said, Skyworks Solutions has consistently either delivered an in-line performance or beaten expectations, and it is taking steps to diversify.
Vetr, which provides crowd-sourced ratings of companies, upgraded Skyworks Solutions on Tuesday to strong buy from buy.
A full 21 equity analyst researchers have a buy rating on the stock.
Shares were about flat in Wednesday trading. Now is the perfect opportunity to grab shares at a bargain.
Although Skyworks Solutions' recent light guidance may have raised concerns on Wall Street, the company's projections look solid. Skyworks Solutions' first-quarter guidance for earnings at $1.58 a share is ahead of analysts' expectations, as is its revenue guidance of $894 million to $911 million, which is above the consensus at $893 million.
Skyworks Solutions is working to reduce its inventory.
In fact, Skyworks boasts of a best-in-the-sector track record for delivering financial performance.