At the time of writing, Skyworks Solutions, Inc. [SWKS] stock is trading at $107.89, up 3.72%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SWKS shares have gain 2.21% over the last week, with a monthly amount glided 3.57%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Skyworks Solutions, Inc. fluctuated 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 $107.89 at the most recent close of the market. An investor can expect a potential return of 27.91% based on the average SWKS price forecast.
Analyzing the SWKS fundamentals
According to Skyworks Solutions, Inc. [NASDAQ:SWKS], the company’s sales were 4.64B for trailing twelve months, which represents an -9.61% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.19.
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 105.75 points at the first support level, and at 103.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 109.01, and for the 2nd resistance point, it is at 110.13.
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
It is important to note that Skyworks Solutions, Inc. [NASDAQ:SWKS] has a current ratio of 5.02. In addition, the Quick Ratio stands at 3.51 and the Cash Ratio stands at 1.67. Considering the valuation of this stock, the price to sales ratio is 3.72, the price to book ratio is 2.78 and price to earnings (TTM) ratio is 19.12.
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.
