5 times New Highs Were Reached By Skyworks Solutions Inc. (SWKS) In The Last Five Days

The stock of Skyworks Solutions Inc. (NASDAQ:SWKS) decreased by decreased by -$1.85 on Friday to finish at $165.12, down -1.11 percent. The last five days have seen an average of 1,315,320 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $12.24. The average number of shares traded over the last 20 days was 1,467,940, while the average volume over the last 50 days totaled 1,300,288.

SWKS stock dropped -4.74% since last month. On 10/13/21, the company’s shares reached a one-month low of $154.53. The stock touched a high of $204.00 on 04/29/21, after rallying from a low of $134.28 in 52 weeks. The price of SWKS stock has risen by 8.01% or $12.24 this year, reaching a new high 13 times. Still, the stock price is down -19.06% from the 52-week high.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Insider Transactions

There have been 54 days since Skyworks Solutions Inc. (SWKS) last reported insider trading activity on Sep 01. On Sep 01, SVP, Sales & Marketing BORI CARLOS S sold 9,247 shares at $184.07 each. This transaction resulted in the insider making $1,702,095. On Aug 18, BORI CARLOS S sold 10,696 shares at a price of US$177.75. After the transaction, the insider now owns 14,287 shares. SVP, Human Resources Durham Karilee A had earlier sold 4,000 shares on Aug 16 for $181.72 a share. The transaction was completed for $726,880.

Valuation Metrics

Skyworks Solutions Inc. (SWKS) has a trailing price-to-earnings (P/E) ratio of 19.46. This level actually compares favorably with the industry at large, as the PE for the Semiconductors industry stands at about 29.86. Further, its PE also compares favorably with the Technology sector’s trailing 12 months PE ratio, which comes in at 38.99 right now. The PE ratio of Skyworks Solutions Inc. has varied between 33.69 and 9.715 in the last five years. Beta for the stock is 1.10. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.80, the price-to-book (PB) ratio of 5.45, and the price-to-cash flow ratio of 34.98.

Skyworks Solutions Inc.’s dividend is $2.24 per share per year. With a dividend yield of 1.36%, SWKS has a payout ratio of 23.30%. On Sep. 7, the company paid $0.56 per share in dividends, an increase of 12.0% from $0.50 last year. A $0.06 dividend increase was reported on Thursday July 29 2021, making it the 7 consecutive year the dividend has increased. Over the last three years, dividends have increased by 56.67%.

For the three months ended June 29, Skyworks Solutions Inc.’s quick ratio was 6.40, while its current ratio was 7.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.30, and the total debt to equity ratio is 0.30. As far as profitability goes, gross margin for the trailing twelve months is 49.60% percent. Skyworks Solutions Inc.’s EBITDA margin for the year ended June 29 was 37.84%, whereas its operating margin stood at 32.70% for the same period. Based on annual data, it had gross profit of $1.61 billion and revenue of $3.36 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SWKS’s return on assets (ROA) during the last 12 months has been 23.90%. There was a 19.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 31.00%. ROE has averaged -0.25 in the past year for the broader industry.

Earnings Surprise

According to Skyworks Solutions Inc.’s quarterly financial report for the quarter that ended June 29, it had $1.49 billion in total debt versus $129.2 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.12 billion, while revenues rose by 34.0% to $1.17 billion. It was predicted that Skyworks Solutions Inc.’s quarterly earnings would be $2.15, but it ended up being $2.14, beating the consensus by 0.50%. EBITDA was $430.8 million for the quarter. At the end of Skyworks Solutions Inc.’s most recent quarter ended June 29, its liabilities totaled 2.48 billion, while its total debt was $1.66 billion. Equity owned by shareholders amounts to $165.15 million.

Technical Picture

Here’s a quick look at Skyworks Solutions Inc.’s (SWKS) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 53.54%, suggesting the stock is Neutral, with a 23.91% historical volatility rate.

The stochastic %K and %D were 89.19% and 81.34% respectively, while the average true range (ATR) was 3.43. Based on the 14-day stochastic reading of 79.53%, the RSI (14) reading is 47.77%. On the 9-day MACD Oscillator, the stock is at 3.87, and the 14-day reading is at 4.31.

Analyst Ratings

Skyworks Solutions Inc. (NASDAQ: SWKS) was downgraded by Robert W. Baird to a a Neutral rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Skyworks Solutions Inc. (SWKS) an Overweight rating. SWKS is a stock that is recommended for selling by 0 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 13 others recommend it as a buy.

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

The current consensus forecast for the stock is between $165.00 and $255.00, with a median target price of $220.00. In analyzing these forecasts, the average price target given by analysts for Skyworks Solutions Inc. (SWKS) is $214.00.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Hot Topics

Related Videos

Related Videos

Related Articles

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

592

100% free. stop anytime no spam