Skyworks Solutions Inc. (NASDAQ:SWKS) finished Wednesday with a subtraction of -$1.26 to close at $86.80, a downside of -1.43 percent. An average of 1,774,880 shares of common stock have been traded in the last five days. There was a fall of -$2.80 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 2,423,775 shares traded, while the 50-day average volume stands at 2,147,470.
SWKS stock has decreased by -4.87% in the last month. The company shares reached their 1-month lowest point of $86.18 on 12/28/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $76.16 and a high of $163.47 in 52 weeks. It has reached a new high 2 times so far this year and lost -44.05% or -$68.34 in price. In spite of this, the price is down -46.90% from the 52-week high.
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SWKS stock investors should be aware that Skyworks Solutions Inc. (SWKS) stock had its last reported insider trading activity 16 days ago on Dec 13. In this transaction, the insider spent $352,100. SVP, Human Resources, Durham Karilee A, disposed of 5,858 shares at a price of $112.26 on Aug 08. The insider now owns more than $657,621 worth of shares. Prior to that, Chairman, CEO and President GRIFFIN LIAM went on to Sale 10,000 shares at $140.00 each on Mar 29. An amount of $1,400,000 was transacted.
Skyworks Solutions Inc. (SWKS) has a trailing price-to-earnings (P/E) ratio of 11.13. The stock’s beta is 1.21. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.53, the price-to-book (PB) ratio at 2.53, and the price-to-cash flow ratio at 24.70.
The company has a payout ratio of 29.30%. The company’s most recent quarterly dividend payment was $0.62 a share, without any change from last year. Its latest increase dividend $0.06 reported on Thursday August 4 2022.
The quick ratio of Skyworks Solutions Inc. for the three months ended September 29 was 1.60, and the current ratio was 2.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.31 and a total debt to equity ratio of 0.40 for the quarter ending September 29. Its gross profit as reported stood at $2.6 billion compared to revenue of $5.49 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Skyworks Solutions Inc.’s return on assets was 14.70%.
For the three-month period that ended September 29, Skyworks Solutions Inc. had $20.3 million in cash and short-term investments compared to $1.69 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $364.3 million in the quarter, while revenues of $267.3 million were grew 7.27%. The analyst consensus anticipated Skyworks Solutions Inc.’s latest quarter earnings to come in at $2.9 per share, but it turned out to be $3.02, a 4.10% surprise. For the quarter, EBITDA amounted to $570.4 million. Shareholders own equity worth $160.16 million.
From a technical analysis perspective, let’s take a brief look at Skyworks Solutions Inc. (SWKS) price momentum. RSI 9-day as of the close on 28 December was 32.50%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.00%.
As of today, SWKS’s price is $88.87 -3.12% or -$2.80 from its 5-day moving average. SWKS is currently trading -3.84% lower than its 20-day SMA and -22.95% lower than its 100-day SMA. However, the stock’s current price level is +6.09% above the SMA50 and -28.00% below the SMA200.
The stochastic %K and %D were 9.89% and 12.92%, respectively, and the average true range (ATR) was 3.00. With the 14-day stochastic at 3.99% and the average true range at 3.09, the RSI (14) stands at 39.09%. The stock has reached -2.36 on the 9-day MACD Oscillator while the 14-day reading was at -4.53.
The consensus rating for Skyworks Solutions Inc. (SWKS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SWKS, while 12 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 14 others rate it as a “buy”.
What is SWKS’s price target for the next 12 months?
Analysts predict a range of price targets between $85.00 and $160.00, with a median target of $110.00. Taking a look at these predictions, the average price target given by analysts for Skyworks Solutions Inc. (SWKS) stock is $109.00.