Skyworks Solutions shares are trading lower after the company reported Q3 financial results and issued Q4 guidance. Additionally, Mizuho maintained a Buy rating on the stock but lowered its price target from $125 to $122.
Portfolio Pulse from Benzinga Newsdesk
Skyworks Solutions reported Q3 financial results and issued Q4 guidance, causing its shares to trade lower. Mizuho maintained a Buy rating on the stock but lowered its price target from $125 to $122.
August 08, 2023 | 3:21 pm
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Skyworks Solutions' shares are trading lower after Q3 results and Q4 guidance. Mizuho maintains a Buy rating but lowers price target to $122.
Skyworks Solutions' shares are trading lower due to the company's Q3 financial results and Q4 guidance. Additionally, Mizuho's decision to lower its price target, despite maintaining a Buy rating, may have contributed to the negative sentiment around the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100