Skyworks Solutions, Inc. [SWKS] stock is trading at $104.33, up 1.52%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SWKS shares have lost -0.39% over the last week, with a monthly amount drifted -4.56%, and not 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 April 08, 2024, when KeyBanc Capital Markets downgraded its rating to a Sector Weight. Previously, TD Cowen reaffirmed its Outperform rating on January 31, 2024, and elevated its price target to $125. On January 04, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $90 on the stock. Summit Insights downgraded its rating to a Hold. Citigroup downgraded its rating to a Sell and reduced its price target to $87 on October 10, 2023. Exane BNP Paribas downgraded its rating to Neutral for this stock on September 20, 2023, but kept the price target unchanged to $110. In a note dated July 20, 2023, Wolfe Research initiated an Outperform rating and provided a target price of $135 on this stock.
Skyworks Solutions, Inc. [SWKS] stock has fluctuated between $85.06 and $115.69 over the past year. Currently, Wall Street analysts expect the stock to reach $138 within the next 12 months. Skyworks Solutions, Inc. [NASDAQ: SWKS] shares were valued at $104.33 at the most recent close of the market. An investor can expect a potential return of 32.27% based on the average SWKS price forecast.
Analyzing the SWKS fundamentals
Skyworks Solutions, Inc. [NASDAQ:SWKS] reported sales of 4.64B for the trailing twelve months, which represents a drop of -9.61%. 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 102.61 points at the first support level, and at 100.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 105.48, and for the 2nd resistance point, it is at 106.63.
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
For context, Skyworks Solutions, Inc.’s Current Ratio is 5.02. Also, the Quick Ratio is 3.51, while the Cash Ratio stands at 1.67. Considering the valuation of this stock, the price to sales ratio is 3.60, the price to book ratio is 2.68 and price to earnings (TTM) ratio is 18.49.
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.
