Skyworks Solutions Inc. (SWKS) was a big mover last session with its shares rising almost 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock has gained nearly 12% since May 16.
This global provider of analog semiconductors has seen 3 positive estimate revisions in the last 60 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
Skyworks currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.
Some other well-placed stocks in the broader technology sector include Alliance Fiber Optic Products Inc. (AFOP), Nidec Corp. (NJ) and Arris Enterprises, Inc. (ARRS). All the three stocks sport a similar Zacks Rank #1.
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SKYWORKS SOLUTIONS INC (SWKS): Free Stock Analysis Report
ALLIANCE FIBER OPTIC PRODUCTS IN (AFOP): Free Stock Analysis Report
NIDEC CORP ADR (NJ): Free Stock Analysis Report
ARRIS GROUP INC (ARRS): Free Stock Analysis Report
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