Skyworks fell 4% after KeyBanc cut the stock to Sector Weight, citing Qorvo's SiPho deal as a competitive risk. The six-day rally reversed.
SKYWORKS SOLUTIONS, INC. currently carries an Alpha Score of n/a, giving AlphaScala's model a neutral read on the setup.
Skyworks Solutions (SWKS) snapped six straight sessions of gains Thursday, falling 4.26% to $60.47 in afternoon trading.
The drop followed a KeyBanc downgrade to Sector Weight from Overweight. Analyst John Vinh cut the rating, citing risks tied to Qorvo's recent deal for a SiPho platform. Vinh told clients the acquisition could shift the competitive balance in the RF front-end market.
The downgrade hit after a six-day run that had pushed the stock from $56.01 to a Tuesday close of $63.16. The rally had erased most of Skyworks' year-to-date losses before Thursday's reversal.
Skyworks' Alpha Score sits at 72, a neutral reading that suggests no strong momentum signal in either direction. The quant rating gives the stock a mixed profile on valuation and growth metrics.
KeyBanc's concern centers on Qorvo's move into silicon photonics, a technology Skyworks does not currently offer at scale. If Qorvo's new platform gains traction with handset makers, Skyworks could lose share in the premium RF segment, Vinh said.
The stock now trades at 15.2 times forward earnings, a discount to its five-year average of 18.4 times.
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