I really like Skyworks (SWKS). The company has so much going for it: ridiculous sustained growth, increased product diversification, no long term debt, and more. I bought some late 2017 at ~$94 because at that price it was seriously undervalued. However I recently sold at ~$109 because we are buying a house and I wanted to have cash on hand, and liquidate at a good profit. I am still bullish on this stock, but my personal situation, along with recent market uncertainty, has convinced me to sell.
There are some dangers for SWKS. It has high institutional ownership which I believe contributes to its high volatility. Also most of their revenue is from one customer, Apple. But they are constantly expanding product offerings and gaining new customers, so even if Apple has a few bad quarters I believe Skyworks will eventually weather the storm.
With rising interest rates and a few other factors, I hesitate to buy stocks right now. However after we are settled in our new home I will keep an eye out for any buying opportunity. Because it makes boring components, SWKS often flies under the radar compared to sexy tech companies like Tesla. As a result the price often sags to unreasonable low valuations.
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