A share price of Skyworks Solutions, Inc. [SWKS] is currently trading at $109.32, up 1.55%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SWKS shares have gain 8.96% over the last week, with a monthly amount glided 4.06%, and seem to be holding up well over a long-time horizon.
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
On 27, February 2024, Skyworks to Present at the Morgan Stanley Technology, Media & Telecom Conference. In a post published today on Yahoo Finance, Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog and mixed-signal semiconductors connecting people, places and things, today announced that executives will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 5, 2024, at 9:30 a.m. PST from the Palace Hotel in San Francisco.
From an analyst’s perspective:
Skyworks Solutions, Inc. [NASDAQ: SWKS] stock has seen the most recent analyst activity on January 31, 2024, when TD Cowen reiterated its Outperform rating and also boosted its price target to $125 from $115. Previously, Piper Sandler downgraded its rating to Neutral on January 04, 2024, and kept the price target unchanged to $90. On November 03, 2023, downgrade downgraded it’s rating to Hold. Citigroup downgraded its rating to a Sell and decreased its price target to $87 on October 10, 2023. Exane BNP Paribas downgraded its rating to a Neutral but $110 remained the price target by the analyst firm on September 20, 2023. Wolfe Research started tracking with a Outperform rating for this stock on July 20, 2023, and assigned it a price target of $135. In a note dated July 20, 2023, Barclays downgraded an Equal Weight rating on this stock but restated the target price of $115.
Skyworks Solutions, Inc. experienced fluctuations in its stock price throughout the past year between $85.06 and $118.42. Currently, Wall Street analysts expect the stock to reach $138 within the next 12 months. Skyworks Solutions, Inc. [NASDAQ: SWKS] shares were valued at $109.32 at the most recent close of the market. An investor can expect a potential return of 26.23% based on the average SWKS price forecast.
Analyzing the SWKS fundamentals
Trailing Twelve Months sales for Skyworks Solutions, Inc. [NASDAQ:SWKS] were 4.64B which represents -9.61% decline. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.15 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.19.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 107.78 points at the first support level, and at 106.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 110.14, and for the 2nd resistance point, it is at 110.97.
Skyworks Solutions, Inc. [SWKS] reported earnings per share of $1.97 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.95/share, meaning a difference of $0.02 and a surprise factor of 1.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.2 per share as compared to estimates of $2.1 per share, a difference of $0.1 representing a surprise of 4.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Skyworks Solutions, Inc. [NASDAQ:SWKS] is 5.02. As well, the Quick Ratio is 3.51, while the Cash Ratio is 1.67. Considering the valuation of this stock, the price to sales ratio is 3.77, the price to book ratio is 2.81 and price to earnings (TTM) ratio is 19.38.
Transactions by insiders
Recent insider trading involved Durham Karilee A, SVP, Human Resources, that happened on Dec 14 ’23 when 3189.0 shares were sold. SVP, Tech. & Manufacturing, Kasnavi Reza completed a deal on Nov 17 ’23 to sell 5289.0 shares. Meanwhile, SVP, Gen. Counsel & Secretary TERRY ROBERT JOHN sold 4457.0 shares on Nov 14 ’23.
