Skyworks Solutions Inc. (NASDAQ:SWKS) finished Thursday with a subtraction of -$0.94 to close at $107.00, a downside of -0.87 percent. An average of 1,572,434 shares of common stock have been traded in the last five days. There was a fall of -$2.05 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 1,624,539 shares traded, while the 50-day average volume stands at 1,588,595.
SWKS stock has decreased by -6.34% in the last month. The company shares reached their 1-month lowest point of $105.00 on 08/08/23. With the stock rallying to its 52-week high on 02/07/23, shares of the company touched a low of $76.16 and a high of $123.69 in 52 weeks. It has reached a new high 14 times so far this year and achieved 17.42% or $16.12 in price. In spite of this, the price is down -13.49% from the 52-week high.
Insider Transactions
SWKS stock investors should be aware that Skyworks Solutions Inc. (SWKS) stock had its last reported insider trading activity 182 days ago on Feb 10. In this transaction, the insider spent $360,090. SVP, Human Resources, Durham Karilee A, disposed of 2,716 shares at a price of $110.00 on Jan 23. The insider now owns more than $298,760 worth of shares. Prior to that, SVP, Gen. Counsel & Secretary TERRY ROBERT JOHN went on to Sale 3,500 shares at $100.60 each on Dec 13. An amount of $352,100 was transacted.
Valuation Metrics
Skyworks Solutions Inc. (SWKS) has a trailing price-to-earnings (P/E) ratio of 15.46. The stock’s beta is 1.29. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.32, the price-to-book (PB) ratio at 2.97, and the price-to-cash flow ratio at 19.98.
The company has a payout ratio of 34.80%. The company’s most recent quarterly dividend payment was $0.68 a share, representing a up of 9.68% from $0.62 last year.
Financial Health
The quick ratio of Skyworks Solutions Inc. for the three months ended June 29 was 1.80, and the current ratio was 2.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.26 and a total debt to equity ratio of 0.35 for the quarter ending June 29. Skyworks Solutions Inc.’s EBITDA margin for the year ending June 29 is 40.98%, while its operating margin for the same period stands at 26.40%. 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 12.60%.
Earnings Surprise
For the three-month period that ended June 29, Skyworks Solutions Inc. had $14.9 million in cash and short-term investments compared to $1.34 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $195.8 million in the quarter, while revenues of $232.8 million were shrunk -36.52%. The analyst consensus anticipated Skyworks Solutions Inc.’s latest quarter earnings to come in at $1.7 per share, but it turned out to be $1.73, a 1.80% surprise. For the quarter, EBITDA amounted to $380.3 million. Shareholders own equity worth $159.39 million.
Technical Picture
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 10 August was 34.05%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.60%.
As of today, SWKS’s price is $108.27 -1.88% or -$2.05 from its 5-day moving average. SWKS is currently trading -4.03% lower than its 20-day SMA and -6.84% lower than its 100-day SMA. However, the stock’s current price level is +3.61% above the SMA50 and +26.24% above the SMA200.
The stochastic %K and %D were 23.50% and 27.56%, respectively, and the average true range (ATR) was 2.79. With the 14-day stochastic at 21.41% and the average true range at 2.79, the RSI (14) stands at 40.68%. The stock has reached -1.91 on the 9-day MACD Oscillator while the 14-day reading was at -3.32.
Analyst Ratings
Wolfe Research launched coverage on Skyworks Solutions Inc. (NASDAQ: SWKS) in its analyst report released on July 20, 2023. The firm assigned the stock an Outperform rating. 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 16 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 13 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 $100.00 and $176.00, with a median target of $121.00. Taking a look at these predictions, the average price target given by analysts for Skyworks Solutions Inc. (SWKS) stock is $121.72.
