Research Recommendations For Skyworks Solutions Inc. (SWKS): Here is What You Should Know

Skyworks Solutions Inc. (NASDAQ:SWKS) saw a downside of -0.51% to close Tuesday at $158.65 after subtracting -$0.81 on the day. The 5-day average trading volume is 1,179,820 shares of the company’s common stock. It has gained $165.36 in the past week. An average of 1,380,090 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,255,110.

SWKS’s 1-month performance is -12.45% or -$18.68 on its low of $157.55 reached on 10/06/21. The company’s shares have touched a 52-week low of $134.28 and high of $204.00, with the stock’s rally to the 52-week high happening on 04/29/21. YTD, SWKS has achieved 3.77% or $5.77. However, the current price is down -22.23%% from the 52-week high price.


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Insider Transactions

On Sep 01, 42 days have gone by since the last insider trading activity for Skyworks Solutions Inc. (SWKS). BORI CARLOS S (SVP, Sales & Marketing) most recently sold 9,247 shares at $184.07 per share on Sep 01. This transaction cost the insider $1,702,095. SVP, Sales & Marketing, BORI CARLOS S, sold 10,696 shares at a price of $177.75 on Aug 18. Then, on Aug 16, SVP, Human Resources Durham Karilee A sold 4,000 shares at a price of $181.72 per share. This transaction amounted to $726,880.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 33.69 and a low of 9.715. SWKS stock has a beta of 1.12. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.56 while the price-to-book (PB) in the most recent quarter is 5.24, with the price to cash flow ratio at 33.52.

Skyworks Solutions Inc. pays an annual dividend of $2.24 per share. Its dividend yield is 1.41% and the payout ratio is 23.30%. SWKS’s most recent quarterly dividend payment was made on Sep. 7, when it paid $0.56 a share compared with prior rate of $0.50, up 10.71% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.06 reported on Thursday July 29 2021. Measured over the last 3 years, the Dividend has been growing by 56.67% yearly.

It is projected that Skyworks Solutions Inc.’s next ex-dividend date will be on 19-Nov. SWKS is expected to distribute $0.56 as its next dividend.

Skyworks Solutions Inc.’s quick ratio for the period ended June 29 was 6.40, with the current ratio over the same period at 7.80 meaning that SWKS stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.30, while the total debt to equity was 0.30. In terms of profitability, the gross margin trailing 12 months is 49.60%. The trailing 12-month EBITDA margin is 37.84% while for the period ending June 29; Skyworks Solutions Inc.’s operating margin was 32.70%. The firm’s gross profit as reported stood at $1.61 billion against revenue of $3.36 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Skyworks Solutions Inc.’s cash and short-term investments amounted to $129.2 million against total debt of $1.66 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 34.0% to $1.12 billion, while revenue of $1.17 billion was -4.96% off the previous quarter. Analysts expected SWKS to announce $2.14 per share in earnings in its latest quarter, but it posted $2.15, representing a 0.50% surprise. EBITDA for the quarter stood at more than $430.8 million. SWKS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.48 billion, with total debt at $1.66 billion. Shareholders hold equity totaling $165.15 million

Technical Picture

Let’s look briefly at Skyworks Solutions Inc. (SWKS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 22.65% to suggest the stock is trending oversold, with historical volatility in this time period at 14.55%.

The stock’s 5-day moving average is $160.47, reflecting a -1.05% or -$1.69 change from its current price. SWKS is currently trading -10.94% above its 20-day SMA, -5.92% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -15.31% and +4.92% respectively.

Stochastic %K and %D was 11.78% and 16.95% and the average true range (ATR) pointed at 3.66. The RSI (14) points at 26.50%, while the 14-day stochastic is at 6.15% with the period’s ATR at 3.73. The stock’s 9-day MACD Oscillator is pointing at -1.57 and -4.78 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for SWKS stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SWKS as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 13 have offered a “buy” rating.

What is SWKS’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $175.00 and a high of $255.00, with their median price target at $220.00. Looking at these predictions, the average price target given by analysts is for Skyworks Solutions Inc. (SWKS) stock is $216.39.

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