Skyworks Solutions, Inc. (NASDAQ: SWKS) is -3.65% lower on its value in year-to-date trading and has touched a low of $85.06 and a high of $118.42 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SWKS stock was last observed hovering at around $107.89 in the last trading session, with the day’s gains setting it 0.43%.
Currently trading at $108.32, the stock is 2.69% and 3.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.72 million and changing 0.40% at the moment leaves the stock 4.87% off its SMA200. SWKS registered -4.40% loss for a year compared to 6-month gain of 12.48%. The firm has a 50-day simple moving average (SMA 50) of $3.77 and a 200-day simple moving average (SMA200) of $11.00.
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The stock witnessed a 6.38% loss in the last 1 month and extending the period to 3 months gives it a -5.32%, and is 2.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.01% over the week and 2.62% over the month.
Skyworks Solutions, Inc. (SWKS) has around 9750 employees, a market worth around $17.36B and $4.64B in sales. Current P/E ratio is 19.20 and Fwd P/E is 13.15. Profit margin for the company is 19.48%. Distance from 52-week low is 27.35% and -8.53% from its 52-week high. The company has generated returns on investments over the last 12 months (12.21%).
Skyworks Solutions, Inc. quarterly earnings per share for the current quarter are estimated at $1.52 with sales reaching $1.05B over the same period.The EPS is expected to shrink by -18.80% this year, but quarterly earnings will post -6.70% year-over-year.
Skyworks Solutions, Inc. (SWKS) Top Institutional Holders
1,254 institutions hold shares in Skyworks Solutions, Inc. (SWKS), with institutional investors hold 88.64% of the company’s shares. The shares outstanding are 160.23M, and float is at 159.65M with Short Float at 3.76%. Institutions hold 88.14% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 18.48 million shares valued at $2.05 billion. The investor’s holdings represent 11.59% of the SWKS Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 13.44 million shares valued at $1.49 billion to account for 8.43% of the shares outstanding. The other top investors are State Street Corporation which holds 7.68 million shares representing 4.82% and valued at over $850.56 million, while FMR, LLC holds 3.30% of the shares totaling 5.27 million with a market value of $582.89 million.
Skyworks Solutions, Inc. (SWKS) Insider Activity
The most recent transaction is an insider sale by Durham Karilee A,the company’sSVP, Human Resources. SEC filings show that Durham Karilee A sold 3,189 shares of the company’s common stock on Dec 14 ’23 at a price of $110.00 per share for a total of $0.35 million. Following the sale, the insider now owns 17323.0 shares.
Skyworks Solutions, Inc. disclosed in a document filed with the SEC on Nov 17 ’23 that Kasnavi Reza (SVP, Tech. & Manufacturing) sold a total of 5,289 shares of the company’s common stock. The trade occurred on Nov 17 ’23 and was made at $94.04 per share for $0.5 million. Following the transaction, the insider now directly holds 19078.0 shares of the SWKS stock.
Still, SEC filings show that on Nov 14 ’23, TERRY ROBERT JOHN (SVP, Gen. Counsel & Secretary) disposed off 4,457 shares at an average price of $91.65 for $0.41 million. The insider now directly holds 14,045 shares of Skyworks Solutions, Inc. (SWKS).
