These Analysts Revise Their Forecasts On Skyworks Solutions Following Q3 Earnings

Skyworks Solutions reported Q3 earnings and sales that surpassed analyst estimates but provided a Q4 adjusted EPS forecast slightly below market expectations. Following these results, analysts from RBC Capital and Citigroup lowered their price targets, while UBS raised its target, all maintaining a "Neutral" or "Sector Perform" rating on the stock. Skyworks shares fell 3.2% after the announcement.