Skyworks Solutions (NASDAQ:SWKS) Shares Gap Down on Analyst Downgrade

Skyworks Solutions (NASDAQ:SWKS) gapped down after Citigroup lowered its price target from $77.00 to $64.00, maintaining a neutral rating. Despite beating Q3 revenue and EPS estimates and providing strong Q4 EPS guidance, the stock's year-over-year revenue declined, and analysts remain cautious with a consensus "Hold" rating. The downgrade highlights concerns possibly related to financing and integration risks associated with the proposed Qorvo combination and a recently suspended dividend.