So Far This Year, Skyworks Solutions Inc. (SWKS) Reached A New High 1 time

As of Friday close, Skyworks Solutions Inc.’s (NASDAQ:SWKS) stock was up $3.53, moving up 3.53 percent to $103.48. The average number of shares traded per day over the past five days has been 2,466,760 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.23 fall in that time frame. In the last twenty days, the average volume was 2,543,355, while in the previous 50 days, it was 2,192,740.

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Since last month, SWKS stock retreated -15.44%. Shares of the company fell to $97.59 on 05/12/22, the lowest level in the past month. A 52-week high of $197.62 was reached on 01/04/22 after having rallying from a 52-week low of $97.59. Since the beginning of this year, SWKS’s stock price has dropped by -33.30% or -$51.66, and marked a new high 2 times. However, the stock has declined by -47.64% since its 52-week high.

Skyworks Solutions Inc. (SWKS) last reported insider trading activity 46 days ago on Mar 29. GRIFFIN LIAM, the Chairman, CEO and President of the company, disposed of 10,000 shares for $140.00 on Mar 29. It resulted in a $1,400,000 divestment by the insider. GRIFFIN LIAM sold 10,000 shares at an average price of $140.00 on Feb 16. The insider now owns 62,711 shares following the transaction. On Feb 02, Chairman, CEO and President GRIFFIN LIAM sold 10,000 shares at $146.91 apiece. The transaction was valued at $1,469,120.

Valuation Metrics

Right now, Skyworks Solutions Inc. (SWKS) has a P/E ratio of about 12.56. The stock’s beta is 1.14. Besides these, the trailing price-to-sales (P/S) ratio of 3.21, the price-to-book (PB) ratio of 3.26, and the price-to-cash flow ratio of 24.65 may also be considered.

The latest dividend of $0.56 per share was paid out, remained unchanged from last year’s $0.56. On Thursday July 29 2021, a $0.06 dividend increase was announced.

Financial Health

In the three months ended September 29, Skyworks Solutions Inc.’s quick ratio stood at 2.70, while its current ratio was 4.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.42, and the total debt-to-equity ratio was 0.42. On the profitability front, the trailing twelve-month gross margin is 47.90% percent. In the year ended September 29, EBITDA margin amounted to 40.29%, whereas operating margins totaled 28.10%. Based on annual data, SWKS earned $2.51 billion in gross profit and brought in $5.11 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 20.10%. Return on equity (ROE) for the past 12 months was 26.30%.

In Skyworks Solutions Inc.’s quarter-end financial report for September 29, it reported total debt of $2.19 billion against cash and short-term investments of $118.4 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SWKS’s revenue fell -13.06% to $1.31 billion during the quarter, while net income inched up to $1.34 billion. While analysts expected Skyworks Solutions Inc. to report $2.53 quarterly earnings, the actual figure was $2.62 per share, beating the consensus estimate by 3.60%. During the quarter, the company generated $532.7 million in EBITDA. The liabilities of Skyworks Solutions Inc. were 3.32 billion at the end of its most recent quarter ended September 29, and its total debt was $2.41 billion. The value of shareholders’ equity is $160.93 million.

Technical Picture

This quick technical analysis looks at Skyworks Solutions Inc.’s (SWKS) price momentum. With a historical volatility rate of 44.21%, the RSI 9-day stood at 37.02% on 13 May.

With respect to its five-day moving average, the current Skyworks Solutions Inc. price is down by -2.11% percent or -$2.23. At present, SWKS shares trade -12.10% below its 20-day simple moving average and -30.97% percent below its 100-day simple moving average. However, the stock is currently trading approximately -24.39% below its SMA50 and -47.38% below its SMA200.

Stochastic coefficient K was 12.04% and Stochastic coefficient D was 7.91%, while ATR was 5.33. Given the Stochastic reading of 25.39% for the 14-day period, the RSI (14) reading has been calculated as 36.60%. As of today, the MACD Oscillator reading stands at -5.06, while the 14-day reading stands at -8.21.

Analyst Ratings

Skyworks Solutions Inc. downgraded its rating on Skyworks Solutions Inc. (NASDAQ: SWKS) to a Neutral in a note to investors on April 12, 2022. The analysts firm previously had a Buy rating on the stock.Skyworks Solutions Inc. (SWKS) has been rated Overweight by analysts. According to 0 brokerage firms , SWKS is a sell, and 14 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Skyworks Solutions Inc. stock as buy, with 13 recommending it as overweight.

With a median target price of $145.00, the current consensus forecast for the stock is $120.00 – $226.00. Based on these forecasts, analysts predict Skyworks Solutions Inc. (SWKS) will achieve an average price target of $149.76.


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