Skyworks Solutions and Universal Display stocks trade Down after Treasury yield climb

Skyworks Solutions and Universal Display stocks fell in the morning session on September 24 after the 10‑year Treasury yield climbed to 5.14%, following strong September business activity data that raised expectations for tighter Fed interest rate policy. Technology and semiconductor shares were under selling pressure in premarket trading, as higher yields made safer bonds more attractive compared with stocks, affecting valuations that rest on future earnings. The rise in yields, combined with elevated crude oil prices and trade uncertainty ahead of the Trump‑Xi summit, created a difficult setting for the sector, and investors saw a good opportunity to buy high‑quality stocks.

Skyworks Solutions’ shares are highly volatile, having had 32 moves greater than 5% over the last year, and today’s drop signals that the market views the news as meaningful but not fundamentally changing its perception of the business. The company is up 38.9% year‑to‑date, trading at $89.43 per share near its 52‑week high of $91.45 from September 2026. Investors who bought $1,000 worth of Skyworks Solutions 5 years ago would now be looking at only $518.01.

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