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Down 43%, Is This Tech Stock Worth Buying Right Now?

Down 43%, Is This Tech Stock Worth Buying Right Now?

Skyworks Solutions (NASDAQ: SWKS) released fiscal 2022 fourth-quarter results (for the three months ending Sept. 30) on Nov. 3, and it is surprising to see that shares of the Apple supplier have gained 11% since then. While Skyworks delivered better-than-expected results and posted steady growth at a time when smartphone sales are on the decline, the outlook indicates that the chipmaker is about to hit a speed bump. With that said, let's take a closer look at the chipmaker's latest results.