Skyworks Solutions (NasdaqGS: SWKS) shares rallied about 15% Friday morning after the company’s quarterly results, boosting exchange traded funds (ETFs) that invest in semiconductor stocks.
“As the Street has become accustomed, Skyworks delivered upside results and guidance,” Williams Financial Group said in a report on the earnings. “The company continues to enjoy market share gains and manufacturing efficiencies that drive margins and earnings growth.”
Skyworks is a holding in PowerShares Dynamic Semiconductor (NYSEArca: PSI) and SPDR S&P Semiconductor (NYSEArca: XSD), among other ETFs.
Semiconductor investors were also reviewing quarterly results from Varian (NasdaqGS: VSEA) and Teradyne (NYSE: TER).
SPDR S&P Semiconductor was up 1.5% in recent trading Friday.
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