The stock of Skyworks Solutions, Inc. (NASDAQ: SWKS) has increased by 1.16 when compared to last closing price of 99.15.Despite this, the company has seen a gain of 4.33% in its stock price over the last five trading days. zacks.com reported 2024-10-04 that Skyworks faces stiff competition and inventory issues. Its strong portfolio and design wins in the 5G and automotive sectors might boost recovery.
Is It Worth Investing in Skyworks Solutions, Inc. (NASDAQ: SWKS) Right Now?
Skyworks Solutions, Inc. (NASDAQ: SWKS) has a price-to-earnings ratio of 20.69x that is above its average ratio. Additionally, the 36-month beta value for SWKS is 1.19. There are mixed opinions on the stock, with 15 analysts rating it as a “buy,” 7 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”
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The public float for SWKS is 159.15M and currently, short sellers hold a 3.92% ratio of that float. The average trading volume of SWKS on October 15, 2024 was 2.30M shares.
SWKS’s Market Performance
SWKS stock saw an increase of 4.33% in the past week, with a monthly gain of 3.14% and a quarterly increase of -13.95%. The volatility ratio for the week is 2.59%, and the volatility levels for the last 30 days are 2.70% for Skyworks Solutions, Inc. (SWKS). The simple moving average for the past 20 days is 2.66% for SWKS’s stock, with a -2.51% simple moving average for the past 200 days.
Analysts’ Opinion of SWKS
Many brokerage firms have already submitted their reports for SWKS stocks, with Barclays repeating the rating for SWKS by listing it as a “Underweight.” The predicted price for SWKS in the upcoming period, according to Barclays is $87 based on the research report published on October 10, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see SWKS reach a price target of $110, previously predicting the price at $90. The rating they have provided for SWKS stocks is “Hold” according to the report published on July 31st, 2024.
Craig Hallum gave a rating of “Buy” to SWKS, setting the target price at $140 in the report published on July 31st of the current year.
SWKS Trading at -0.95% 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 -17.01% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 2.59%, as shares surge +3.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.27% upper at present.
During the last 5 trading sessions, SWKS rose by +3.98%, which changed the moving average for the period of 200-days by -12.25% in comparison to the 20-day moving average, which settled at $97.69. In addition, Skyworks Solutions, Inc. saw -10.78% 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 CARLOS S BORI, who proposed sale 10,177 shares at the price of $97.63 back on Oct 14 ’24. After this action, CARLOS S BORI now owns shares of Skyworks Solutions, Inc., valued at $993,606 using the latest closing price.
BORI CARLOS S, the SVP, Sales & Marketing of Skyworks Solutions, Inc., sale 9,321 shares at $101.97 during a trade that took place back on Sep 13 ’24, which means that BORI CARLOS S is holding 37,203 shares at $950,462 based on the most recent closing price.
Stock Fundamentals for SWKS
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.4 for the gross margin
The net margin for Skyworks Solutions, Inc. stands at 0.18. The total capital return value is set at 0.11. Equity return is now at value 12.78, with 9.34 for asset returns.
Based on Skyworks Solutions, Inc. (SWKS), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 1.69. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is 23.08.
Currently, EBITDA for the company is 1.79 billion with net debt to EBITDA at -0.05. When we switch over and look at the enterprise to sales, we see a ratio of 3.67. The receivables turnover for the company is 7.2for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.75.
Conclusion
In conclusion, Skyworks Solutions, Inc. (SWKS) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
