As of Wednesday close, Skyworks Solutions Inc.’s (NASDAQ:SWKS) stock was down -$1.95, moving down -1.85 percent to $103.55. The average number of shares traded per day over the past five days has been 1,450,220 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.67 fall in that time frame. In the last twenty days, the average volume was 1,705,815, while in the previous 50 days, it was 1,591,288.
Since last month, SWKS stock retreated -9.99%. Shares of the company fell to $103.46 on 08/16/23, the lowest level in the past month. A 52-week high of $123.69 was reached on 02/07/23 after having rallying from a 52-week low of $76.16. Since the beginning of this year, SWKS’s stock price has risen by 13.63% or $12.42, and marked a new high 14 times. However, the stock has declined by -16.28% since its 52-week high.
SWKS stock investors should be aware that Skyworks Solutions Inc. (SWKS) stock had its last reported insider trading activity 188 days ago on Feb 10. Kasnavi Reza, the SVP, Tech. & Manufacturing of the company, disposed of 3,000 shares for $120.03 on Feb 10. It resulted in a $360,090 divestment by the insider. Durham Karilee A sold 2,716 shares at an average price of $110.00 on Jan 23. The insider now owns 13,428 shares following the transaction. On Dec 13, SVP, Gen. Counsel & Secretary TERRY ROBERT JOHN sold 3,500 shares at $100.60 apiece. The transaction was valued at $352,100.
Valuation Metrics
Right now, Skyworks Solutions Inc. (SWKS) has a P/E ratio of about 15.96. The stock’s beta is 1.29. Besides these, the trailing price-to-sales (P/S) ratio of 3.34, the price-to-book (PB) ratio of 2.80, and the price-to-cash flow ratio of 11.66 may also be considered.
The latest dividend of $0.68 per share was paid out, which is 9.68% more than last year’s $0.62.
Financial Health
In the three months ended June 29, Skyworks Solutions Inc.’s quick ratio stood at 2.30, while its current ratio was 3.80, 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 June 29 was 0.23, and the total debt-to-equity ratio was 0.25. On the profitability front, the trailing twelve-month gross margin is 46.30% percent. In the year ended June 29, operating margins totaled 25.40%. Based on annual data, SWKS earned $2.6 billion in gross profit and brought in $5.49 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 17.30%. Return on equity (ROE) for the past 12 months was 18.40%.
In Skyworks Solutions Inc.’s quarter-end financial report for June 29, it reported total debt of $1.34 billion against cash and short-term investments of $14.9 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 -15.08% to $1.15 billion during the quarter, while net income inched up to $1.07 billion. While analysts expected Skyworks Solutions Inc. to report $1.7 quarterly earnings, the actual figure was $1.73 per share, beating the consensus estimate by 1.80%. During the quarter, the company generated $380.3 million in EBITDA. The liabilities of Skyworks Solutions Inc. were 2.59 billion at the end of its most recent quarter ended June 29, and its total debt was $1.71 billion. The value of shareholders’ equity is $159.39 million.
Technical Picture
This quick technical analysis looks at Skyworks Solutions Inc.’s (SWKS) price momentum. With a historical volatility rate of 21.64%, the RSI 9-day stood at 27.68% on 16 August.
With respect to its five-day moving average, the current Skyworks Solutions Inc. price is down by -3.42% percent or -$3.67. At present, SWKS shares trade -9.56% below its 20-day simple moving average and -11.01% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.91% above its SMA50 and +23.51% above its SMA200.
Stochastic coefficient K was 13.98% and Stochastic coefficient D was 21.13%, while ATR was 2.88. Given the Stochastic reading of 0.73% for the 14-day period, the RSI (14) reading has been calculated as 34.50%. As of today, the MACD Oscillator reading stands at -1.65, while the 14-day reading stands at -3.38.
Analyst Ratings
Wolfe Research launched its rating on Skyworks Solutions Inc. (NASDAQ: SWKS) to an Outperform in a note to investors on July 20, 2023. Skyworks Solutions Inc. (SWKS) has been rated Overweight by analysts. According to 0 brokerage firms, SWKS is a sell, and 16 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Skyworks Solutions Inc. stock as buy, with 13 recommending it as overweight.
With a median target price of $121.00, the current consensus forecast for the stock is $100.00 – $176.00. Based on these forecasts, analysts predict Skyworks Solutions Inc. (SWKS) will achieve an average price target of $121.72.
