- Announces $1 billion share repurchase authorization
- 50% increase of quarterly dividend to $0.45 from $0.30 per share
A key chart indicates an enduring uptrend line in this maker of wafer fabrication equipment.
Shares of the semiconductor equipment maker can go higher.
The chip manufacturing giant's outlook fits with reports of iPhone 7 order cuts, and points to a conservative stance on future iPhone 8 orders.
Skyworks Solutions might've been downgraded but Cramer continues to like other semiconductor stocks.