From 24/7 Wall St. · David Moadel · · 1m
Skyworks Stock Surges 33% in Month
Skyworks stock surged 33% in a month, but is the opportunity too late to buy?
In brief
Skyworks stock surged 33% in a month, but is the opportunity too late to buy? Skyworks stock gained 33% over the past month, outperforming its merger partner, largest competitor, and semiconductor sector. Originally reported by 24/7 Wall St..
Skyworks Stock Surges
Skyworks stock gained 33% over the past month, up 44% year to date.
Merger Catalyst
Skyworks reported its $22 billion merger with Qorvo is in final stages on September 16.
Outperforms Peers
Skyworks stock outperformed Qualcomm's 23% monthly gain and Qorvo's 23% monthly rise.
Market Context
The iShares Semiconductor ETF gained 9% over the past month, while the SPDR S&P 500 ETF Trust advanced 1%.
Opportunity Debate
Some say the merger closing has passed the opportunity, while others believe the combined company's benefits will emerge post-close.
What to Watch
Investors should monitor the merger's closing sequence and the combined company's integrated results for durable gains.
Market Reaction
Skyworks stock is at $89.28, up 0.61% in Tuesday afternoon trading.
At a glance
Skyworks stock gained 33% over the past month, outperforming its merger partner, largest competitor, and semiconductor sector.
