Skyworks Solutions, Inc. (NASDAQ: SWKS) has a price-to-earnings ratio that is above its average at 17.60x. The stock has a 36-month beta value of 1.38. Opinions on the stock are mixed, with 15 analysts rating it as a “buy,” 7 as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for SWKS is 159.86M, and at present, short sellers hold a 4.03% of that float. On April 24, 2024, the average trading volume of SWKS was 2.40M shares.
SWKS) stock’s latest price update
Skyworks Solutions, Inc. (NASDAQ: SWKS) has seen a rise in its stock price by 1.21 in relation to its previous close of 98.11. However, the company has experienced a 0.29% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-21 that Skyworks Solutions’ revenue growth in 2023 deviated from our projections due to underperformance in the Mobile segment. The Mobile segment experienced negative growth of 14.4% in 2023, attributed to softness in the smartphone market. The Broad Markets segment also saw a decline in revenue growth, but remains poised for long-term growth with strategic restructuring and innovative product introductions.
SWKS’s Market Performance
SWKS’s stock has risen by 0.29% in the past week, with a monthly drop of -5.94% and a quarterly drop of -9.55%. The volatility ratio for the week is 2.24% while the volatility levels for the last 30 days are 2.43% for Skyworks Solutions, Inc. The simple moving average for the past 20 days is -3.84% for SWKS’s stock, with a -3.47% simple moving average for the past 200 days.
Analysts’ Opinion of SWKS
TD Cowen, on the other hand, stated in their research note that they expect to see SWKS reach a price target of $125, previously predicting the price at $115. The rating they have provided for SWKS stocks is “Outperform” according to the report published on January 31st, 2024.
Piper Sandler gave a rating of “Neutral” to SWKS, setting the target price at $90 in the report published on January 04th of the current year.
SWKS Trading at -4.77% from the 50-Day Moving Average
After a stumble in the market that brought SWKS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.17% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares sank -5.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.47% lower at present.
During the last 5 trading sessions, SWKS rose by +0.29%, which changed the moving average for the period of 200-days by -8.34% in comparison to the 20-day moving average, which settled at $102.98. In addition, Skyworks Solutions, Inc. saw -11.67% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SWKS starting from Durham Karilee A, who sale 3,189 shares at the price of $110.00 back on Dec 14 ’23. After this action, Durham Karilee A now owns 17,323 shares of Skyworks Solutions, Inc., valued at $350,790 using the latest closing price.
Kasnavi Reza, the SVP, Tech. & Manufacturing of Skyworks Solutions, Inc., sale 5,289 shares at $94.04 during a trade that took place back on Nov 17 ’23, which means that Kasnavi Reza is holding 19,078 shares at $497,378 based on the most recent closing price.
Stock Fundamentals for SWKS
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.43 for the gross margin
The net margin for Skyworks Solutions, Inc. stands at 0.19. The total capital return value is set at 0.13. Equity return is now at value 15.36, with 10.53 for asset returns.
Based on Skyworks Solutions, Inc. (SWKS), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 1.53. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is 17.67.
Currently, EBITDA for the company is 1.79 billion with net debt to EBITDA at 0.11. When we switch over and look at the enterprise to sales, we see a ratio of 3.47. The receivables turnover for the company is 7.04for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.02.
Conclusion
To sum up, Skyworks Solutions, Inc. (SWKS) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
