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Why Skyworks Solutions (SWKS) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of Skyworks Solutions (SWKS - Get Report) were falling 5.4% to $78.09 on Monday after fellow Apple (AAPL) parts supplier Dialog Semiconductor (DLGNF) reported its third quarter financial results.

Dialog Semi said that third quarter revenue grew 18% year over year to $330 million, after rising 44% in the second quarter due to high demand related to the iPhone. The chipmaker said it expects revenue of $430 million to $460 million for the fourth quarter, implying a range of 1% decrease to 6% growth year over year.

The London-based Dialog Semi supplies power management chips to Apple for the iPhone and iPad.

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Dialog Semi's third quarter earnings report is bringing down shares of other Apple suppliers including Cirrus Logic (CRUS), Skyworks Solutions, and Synaptics (SYNA).

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