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Barchart
Barchart
Anushka Dutta

DARK SECRETS: Why skyworks stock just got downgraded | Vintage Vibes

Skyworks Keybanc SWKS Skyworks Solutions Qorvo Apple

Recently, KeyBanc downgraded shares of semiconductor firm Skyworks Solutions (SWKS) from “Overweight” to “Sector Weight.” Analyst Jon Vinh said that the reasoning behind the firm's prior upgrade for SWKS stock no longer holds, forcing a reversion of the initial rating.

Skyworks originally received an upgrade after announcing plans to merge with Qorvo (QRVO), creating a $22 billion company set to be a global leader in high-performance radio frequency (RF), analog, and mixed-signal semiconductors. Skyworks and Qorvo now expect to complete the acquisition this year, which is sooner than previously anticipated.

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