Filed under: Technical Analysis, Personal finance, Bargain stocks, Stocks to Buy

But wait … there’s more! In the giving spirit of the holidays, here’s a bonus pick for bargain-hunters looking for stocks under the $10 threshold. Skyworks Solutions (NASDAQ: SWKS), manufactures semiconductors that are used primarily in wireless telephone handsets and infrastructure products. Nearly 40% of the company’s sales are thanks to Motorola (NYSE: MOT) and Sony Ericsson Mobile.

The firm has been a solid performer in the earnings confessional of late, topping analysts’ expectations consistently for the past five quarters, by an average surprise of nearly 15%. On November 1, the company reported fourth-quarter profit of $22 million, or 14 cents per share, a penny above Street expectations and a welcome change from a year-ago loss of $96.4 million (60 cents per share). Looking ahead to the current (first) quarter, SWKS officials targeted first-quarter profit — excluding items — of 15 to 17 cents per share.

Continue reading An 11th stock under $10: Skyworks Solutions

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This entry was posted on Thursday, November 29th, 2007 at 11:59 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.