Skyworks (SWKS +2.7%) is closing with a decent gain after announcing its board has authorized a...


Skyworks (SWKS +2.7%) is closing with a decent gain after announcing its board has authorized a new $200M stock buyback program, good for repurchasing 5.1% of outstanding shares at current levels. Shares are down over 30% from their early September highs thanks to disappointing earnings forecasts, and now trade at less than 10x FY13E EPS. (PR)

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