Skyworks Solutions Inc. (SWKS)

[jones99]

Short sellers were not expecting this and usually longer than they may hope. Next target $87 level no resistance before that level.

[bar1080]

"Behind Skyworks Recent Stock Surge"

http://www.investopedia.com/news/behind-skyworks-stocks-recent-surge-swks-aapl/?partner=YahooSA

[inversor86]

Aside from the market falling, I think this was part of the reason. http://abcnews.go.com/International/wireStory/samsung-tells-korean-customers-stop-galaxy-note-41992747

[bar1080]

What an awful day for chips Friday. QRVO down 5.3%. AMBA down 6.1%. NXPI down 5.3, and of course SWKS plummets 6.5%! Most would hardly be called overpriced to begin with.

Who would think Friday that SWKS would fall 6+% while scummy Wells Fargo slips only 2%.

I'll take a look at that SA app. SA is one of the best free things on the web.

[Bostonsesco]

Surprised skyworks isnt higher seeing how the iphone 7 bout to drop dont they provide some chip so they should be tied together

[inversor86]

I'm a bigger fan of stripping out the factory installed apps to preserve battery life. Facebook, Amazon, NFL, all Verizon and Google's additionals apps I don't have a use for.

I love the Etrade App, it is the best mobile platform. I like the WSJ app. Scanner Radio app lets you listen to police and fire communications all over the U.S. I have a secret use for this. I also use the Seeking Alpha App, I like that it will send a end of day summary of the closing prices from my portfolio. Shazam is an awesome app for finding out what song is playing around you. I use Skype almost daily to communicate with investor friends.

That is the extent of it.

[bar1080]

Nothing from "Apple Engineer," (LOL) but I just skimmed the WSJ's take on iPhone 7. I have no music on mine and never use a headphone.
http://www.wsj.com/articles/iphone-7-first-look-practical-but-not-jaw-dropping-1473290075

You have any interesting apps you'd recommend?

[inversor86]

Nah, you almost sound like a power user. I had to laugh when I heard that Apple took the headphone jack out of the 7. A big FU to all their Beats headphone buyers, and anyone else who uses it as a listening or music device.

I am hoping for a new video about the 7 from my favorite Apple engineer:

[bar1080]

I'm one of those Apple geezers, a fairly new one. I needed an Iphone for web development work. The great majority of my website mobile traffic is from Apple smartphones. It was my first smartphone and, after about 16 months, I've gotten the hang of most features. Certainly won't upgrade to a 7, and probably won't need an 8 either, barring something amazing.

I strongly prefer a desktop machine; mine has two monitors. Most of the reason I carry an phone is for safety... if the car breaks down. But I'm rarely more than a few minutes from a desktop, either at home or the office.

--
Gotta say I was really disappointed in SWKS' sharp drop yesterday.

[inversor86]

I'm not expecting the 7 to be a flop. But an I am noticing a change in users in my own world. The hardcore Apple people I knew have been switching to Samsung, and some even to PC as well. The reason being lack of innovation from Apple (as well as Apple computer price gouging) and a sense that PC and Android have finally caught up and surpassed Apple without Jobs. Also, Apple has become the go to geezer device of choice because of it's simplicity. Nothing makes something uncool like your grandparents liking it. Though it works for Facebook (which I also think sucks).

[bar1080]

Apple Raises Order Quantity Of iPhone 7 Parts And Components - See more at: http://www.techtimes.com/articles/176315/20160906/apple-raises-order-quantity-of-iphone-7-parts-and-components.htm

[JLS]

That makes a lot of sense.

Buy the patient and not the suppliers to the patient. Really?

The cellphone industry as a whole is in the beginning stages of commoditization, and AAPL is not in a position to deal with that because their portion of foreign markets is mighty small, and declining.

It has always worked that way for electronic products. It will always work that way. When was the last time IBM sold a desktop computer? Who made the last one you bought?

Who was that cellphone manufacturer who essentially owned the cellphone business almost a decade ago? Oh, I remember -- Nokia. Whatever happened to them?

You want to know how well iPhone is doing, just track worldwide iOS. Heck, that takes into account all of AAPL's products, not just cellphones. But we already know that their other products are insignificant compared to their cellphones.

http://www.idc.com/prodserv/smartphone-os-market-share.jsp

[bar1080]

Congrats on grabbing it near the year's low. You posted that you were buying around $61 a share in May. $75,000 of SWKS is quite a chunk.

All my stocks are stagnant except for Cintas that soared to $115 a few days ago. The second spurt its had recently. Only problem is its completely outrun its modest dividend. Yields just 0.9% at current price, the smallest div of any of my stocks.

[inversor86]

sold 1000 shares of SWKS yesterday and today.

[bar1080]

"Buy Apple Not Its Suppliers"

http://blogs.barrons.com/techtraderdaily/2016/08/26/pacific-crest-buy-apple-not-its-suppliers/?mod=yahoobarrons&ru=yahoo

[inversor86]

Could you take a look at GAIN and tell me what you think? I bought it at $6.88.

[inversor86]

Not a positive article but something to consider. Author supposedly has a good track record.

http://seekingalpha.com/article/3996527-qrvos-fall-red-flag-swks

[inversor86]

QRVO earnings call today kicked off AH selling in SWKS and it's peers. Not clear yet as to why.

[inversor86]

AAPL is up 8% after hours on good earnings call. SWKS almost at $68 after hours. Back to $70 soon.

[inversor86]

This is why I don't like software companies.

Sometimes a company can really be great but if someone comes up with something just a little better then investors might in trouble.

[bar1080]

I didn't mean to compare SWKS with Enron which was rotten to the core, and to the very top. Debt was just one problem. Enron created off-book businesses just to buy things from Enron. But sleazy accounting was tolerated in 1999, and cheered on by the legions of idiot stock market newbies. I remember wondering how Enron and some others could always beat Street earnings estimates by a penny or two. And do it every q for years.

I knew real businesses couldn't do that. Like I said, "shit happens" in REAL businesses. Even great companies have occasional terrible quarters. My money was 100% in quality stocks in 1999, and in no phony baloney techs.

SWKS problem? Soaring inventory suggesting slowing chip demand mainly from Apple.

[WhoaNellie]

Funny about Enron. Debt load was crazy. SWKS has no debt, buying back shares and increase dividend. Also, in a growth sector. What are the negatives that I am missing?

[bar1080]

Better if you spent time reading Enron PRs from 1999. So upbeat! LOL. LOLOL!

I thought the SWKS CC from a year ago, as the shares were just starting to slip BACK into the 90s, sounded really optimistic. Thought of buying more since it's a small holding but I stuck with my 15 rules... [almost] Never average down.

One rule that's even more reliable than mine... Shit Happens. I don't like profanity, but those two words perfectly sum it up.

[bar1080]

Yep. And they always ignore competitive dangers, and black swan possibilities. Sometimes a company can really be great but if someone comes up with something just a little better then investors might in trouble. Also 'splains why you probably don't want to average down. Put another way... Shit Happens. Still I think SWKS is a good investment in a diversified portfolio.

Right now. SWKS is my ONLY up stock today.

"Do this and you'll hone your skills some. I found out that they almost always sound positive, regardless of the reality they face."

[inversor86]

I listened to calls for other stocks in past and despite sounding positive and upbeat, the stock was down. This told me I didn't know what to listen for. I started listening to calls for multiple companies, stocks I didn't even own, then watching the trading and writeups that followed. Do this and you'll hone your skills some. I found out that they almost always sound positive, regardless of the reality they face. Management won't get on a call and say, "well, things were hard for us this quarter because Apple has used up all the good ideas in the pipeline left from when Steve Jobs was alive, and now they are only selling products to old people and fanboys."

Skyworks had better numbers last year and the big run up probably partly had something to do with expecting if Qualcomm did well then SWKS would too. The fact that this wasn't the case bothers me. Inventory build is high. Their guidance wasn't anything special. They beat on earnings per share but revenue was actually a bit under expectations. All in all it needed to be GREAT and it was just ok.

[WhoaNellie]

I listened to the entire call and that it was upbeat and very positive. Someone explain to me how a company that keeps making money and has huge potential in the iot market to get hammered so bad. Looking forward to comments. I'm adding to my position.

[inversor86]

On the CC the first set of questions came from an analyst at Goldman. He asked about the inventory spike. The answer seems to suggest this was mostly filters for 2nd half rampups for a number of customers, and a large 1 time bump in inventory for a new for a hub arraignment with a customer in China.

Go to 11:16 and listen, I would like to hear what you think. http://investors.skyworksinc.com/eventdetail.cfm?EventID=174118

[bar1080]

THIS isn't good

"Skyworks Solutions' (SWKS) inventory spiked to $100 million-plus in fiscal Q3, indicating key customer Apple (AAPL) will likely see a 25% year-over-year sales decline in September amid its iPhone 7 ramp, Pacific Crest analyst John Vinh said Friday."

http://www.investors.com/news/technology/skyworks-100-million-inventory-build-spells-25-apple-decline/

[inversor86]

SWKS, back to trading terribly again.

[inversor86]

You have a good portfolio. I meant within the market we've seen major declines in certain groups. Last summer, China put a big dent in tech, which SWKS is still hurting from. Biotech had a big set back. Mining and Metals, absolutely crushed early this year, after major declines in 2015. Then there was oil and the oil services getting cut in half.

[bar1080]

No bear market here. EVERTHING I own is moving up, even SWKS. And I just now noticed that my long-held Cintas stock shot up 10% yesterday to 108. A lot of people considered it overpriced and with a puny 1% dividend, but CTAS had a huge earnings beat. Fully expect a div increase there.

Been spending too much time on the market and ignoring my own business.

[inversor86]

Mini bear markets within the market.

[bar1080]

Maybe tech acquisitions are coming back in style. I remember when some computer/electronic issues sold for 100X earnings 40+ years ago.

I don't generally like tech stocks; most don't survive long. But I have to admit that they look like bargains compared with just about everything else when the Dow is 18600. I'm fairly positive about SWKS.

Perhaps my thinking here is being influenced by all the lofty takeover offers being thrown at my Monsanto ($107).

[inversor86]

Earnings after hours tomorrow for SWKS. Aapl not until 7/26. I believe Aapl is usually ahead of SWKS.

[bar1080]

Bullish for SWKS: "SoftBank Will Buy Apple Chip Supplier ARM For $32 Billion"

"Japan's SoftBank (SFTBY) will buy ARM Holdings (ARMH), a U.K. maker of wireless chip designs used by Apple (AAPL) and Samsung smartphones, for more than $32 billion, the companies confirmed early Monday. SoftBank agreed to pay 24.3 billion pounds ($32.1 billion) cash for ARM Holdings. ARM had a market capitalization of $22 billion before the deal."

http://finance.yahoo.com/m/21d9cbca-a526-3194-ace1-289d9f6f6311/ss_softbank-will-buy-apple-chip.html

[inversor86]

Current ratings for SWKS.

Jul-05-16 Downgrade Pacific Crest Overweight to Sector Weight
Jul-01-16 Downgrade Mizuho Buy to Neutral $68
Jun-27-16 Initiated Morgan Stanley Underweight
Jun-09-16 Downgrade Citigroup Neutral to Sell $69.50?$65
May-25-16 Initiated Credit Agricole Underperform
Apr-29-16 Reiterated Topeka Capital Markets Buy $90to$85
Apr-29-16 Reiterated MKM Partners Buy $98 to $93
Apr-29-16 Reiterated Mizuho Buy $105 to $99
Apr-29-16 Reiterated Craig Hallum Buy $90 to $85
Apr-29-16 Reiterated Cowen Market Perform $78 to $76
Apr-19-16 Downgrade Raymond James Strong Buy ? Outperform
Apr-18-16 Initiated Cowen Market Perform $78
Mar-29-16 Downgrade Citigroup Buy ? Neutral
Feb-03-16 Upgrade Goldman Neutral to Buy
Jan-19-16 Upgrade Needham Hold to Buy $73
Jan-14-16 Reiterated Craig Hallum Buy $125 to $100
Jan-08-16 Reiterated Canaccord Genuity Buy $120 to $110
Dec-17-15 Initiated Chardan Capital Markets Buy $100
Oct-06-15 Reiterated Topeka Capital Markets Buy $120 to $100
Oct-01-15 Initiated Citigroup Buy $115

[JLS]

Yes,

if he had multiple personality disorder, which I wouldn't doubt many penny players do.

[bar1080]

Here you go: Would a penny player say, "Huge thanks to John Bogle" the developer of index funds long ago?

http://investorshub.advfn.com/boards/profilea.aspx?user=42712

Above all, my style is about rejecting bad stocks, and not about picking 10-baggers. I've never bought a scam stock. SWKS still looks like a quality company.

[bar1080]

Most of those are either scams or garbage I've bashed for years. WDLF for example is a penny I reported to the SEC years ago for accounting shortcomings (and the CPA lost his license). A WAVXQ shareholder recently killed himself after losing a fortune.

Several are simply bad stocks...such AOD and CLM. I've bashed Fitbit since the day last year when it went public... and began its long decent. I'm rarely wrong about bad stocks.

There are some odds and ends and of course... the two Berkshire Hathaway boards.

There's no point in moderating stocks I own and like. No one posts on most of those boards. LEG for example. IHUBbers don't own blue chip growth stocks like Travelers Life or 3M. Heck, very few even own SWKS.

[JLS]

Are the winners all penny stocks?

Just wondering, considering the boards you moderate.

None of the other symbols of sites you moderate which have any value are at new highs.

[bar1080]

None of my stocks are soaring. Most are up about 10% over a year or two ago. Nothing like SWKS when it was the hottest stock on Wall Street two years ago. But the portfolio is humming beautifully and beating the S&P lately.

Hadn't thought about SWKS being a takeover candidate, but it might be one. It has $6/share in cash and plenty of room to increase its dividend. No debt. Less than 1% is held by insiders.

Here's that takeover chatter. Too bad it's just on SA:
http://seekingalpha.com/news/3191342-skyworks-higher-takeover-chatter

[inversor86]

Probably should sell everything except SWKS and not buy back until the next crash.

I had to laugh when I saw the headline that SWKS was up on takeover rumors. It was $68 a few days ago, $63 is SkyWorks being up on takeover rumors? This stock trades so poorly that I think a standing offer for $95 per share from QCOM wouldn't get it trading above $77.

[bar1080]

7 of my 14 stocks hit record highs today. That's unbelievable!

"It's the American way."

[JLS]

No,

SWKS management is extremely confident that the company can afford to make themselves obscenely wealthy at the expense of the common shareholder.

What's more, the Board of Directors always approves of this behavior because they too are paid obscene amounts.

There are no checks and balances in U.S. corporate structures.

It's the American way.

[bar1080]

Many of my stocks are at record highs. UPS which had been dragging my portfolio for several years is now within a buck of a record at $106. Even Walgreens has rebounded after the Brexit talk. I inherited some T and Comcast a few years ago; both are at record levels.

I keep reading how 3M is overpriced ($172) but it continues to rise.

But every time I brag, the market turns south. 18,000 Dow has proven almost impossible to break And my SWKS isn't helping.

[inversor86]

Interest rates, what are those?

[bar1080]

You bet. It has (had?) quite a growth pedigree and a fabulous history of dividend increases. CVS likewise. High stock valuations are being supported by ridiculously low interest rates.

Only SWKS among my stocks seems cheap by historical PE/Dividend Yield standards. I'm mindful that rising interest rates and inflation would probably be devastating to stocks.

[inversor86]

WAG seems like it trading at a rather healthy multiple.

[bar1080]

Puzzling to me. Apple had some good things happen lately but it's at 92, near record low too. Only two stocks in my portfolio are suffering badly, this and Walgreens which has huge UK exposure from their Boots drug chain acquisition last year. At least they finally cut the last ties with Theranos, and Eliz Holmes. Her story is planned for a major film... most likely to be something of a comedy making fun of Venture Capital and the financial press. Love that!

Like all my stocks, I continue to hold SWKS

[combatautumn]

SWKS free fall stock movement is a TOTAL ? to me. 0 debt, strong balance sheet. Involved in all facets of the "internet of things". One quite obvious reason might be due to the incessant insider selling going on. Doesn't exactly exude confidence from SWKS management!