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 wireless-connectivity chip maker Skyworks Solutions
So what: For the quarter, Skyworks reported a 9.2% increase in revenue to $389 million and a profit of $0.45 that was spurred by strong growth in smartphone and tablet demand -- most notably, Apple's
Now what: OK, Skyworks shareholders, get those thank-you cards written and start mailing them to Cupertino! Skyworks really finds itself in the sweet spot of mobile growth. Demand for smartphones and tablets is rising dramatically, and prices for these items are generally falling as markets become more saturated. As these prices fall, sales are likely to head higher as affordability no longer becomes an issue, meaning even more sales for Skyworks. Make no mistake, even with today's move higher, Skyworks could still represent an excellent value.
Craving more input? Start by adding Skyworks Solutions to your free and personalized Watchlist so you can keep up on the latest news with the company.