Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Skyworks Solutions
So what: Like chip-making peer Cirrus Logic
Now what: As good as that is, investors bought on better-than-expected guidance. Management says Q4 revenue will come in at $400 million, resulting in $0.53 a share of profit. Analysts had been looking for $370 million and $0.50, respectively. Yet, Skyworks still trades for a fraction of the long-term earnings growth analysts expect. Those looking for a cheaper way to play the rise of iDevices may want to give this stock a second look.
Interested in more info on Skyworks Solutions? Add it to your watchlist .