SWKS Plunges 23% YTD: How Should Investors Play the Stock?

In the year-to-date period, Skyworks Solution (SWKS) shares have underperformed the Zacks Computer & Technology sector and its competitor Broadcom (AVGO) , which offers a wider range of semiconductor solutions.Skyworks shares have plunged 22.7%, while Broadcom’s shares have surged 43.1% in the year-to-date period. The broader sector has appreciated 28.4% over the same time frame.The underperformance can be attributed to persistent challenges in broad markets and data centers due to elevated inventory levels ...