Skyworks Solutions, Inc. (NASDAQ: SWKS) is -14.40% lower on its value in year-to-date trading and has touched a low of $85.06 and a high of $120.86 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 $96.75 in the last trading session, with the day’s loss setting it -0.52%.
Currently trading at $96.23, the stock is -7.03% and -10.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.89 million and changing -0.54% at the moment leaves the stock -7.34% off its SMA200. SWKS registered -2.30% loss for a year compared to 6-month gain of -7.05%.
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The stock witnessed a -10.94% loss in the last 1 month and extending the period to 3 months gives it a -9.61%, and is -5.53% down 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 3.06% over the week and 2.98% over the month.
Skyworks Solutions, Inc. (SWKS) has around 9750 employees, a market worth around $15.37B and $4.37B in sales. Current P/E ratio is 19.86 and Fwd P/E is 15.03. Profit margin for the company is 17.85%. Distance from 52-week low is 13.13% and -20.38% from its 52-week high. The company has generated returns on investments over the last 12 months (10.38%).
The EPS is expected to shrink by -26.60% this year
1232.0 institutions hold shares in Skyworks Solutions, Inc. (SWKS), with institutional investors hold 94.11% of the company’s shares. The shares outstanding are 159.50M, and float is at 159.15M with Short Float at 4.08%. Institutions hold 93.78% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 19.58 million shares valued at $2.09 billion. The investor’s holdings represent 12.204 of the SWKS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 15.78 million shares valued at $1.68 billion to account for 9.8392 of the shares outstanding. The other top investors are STATE STREET CORP which holds 7.8 million shares representing 4.8599 and valued at over $830.82 million, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 2.9022 of the shares totaling 4.66 million with a market value of $496.14 million.
Skyworks Solutions, Inc. (SWKS) Insider Activity
The most recent transaction is an insider sale by BORI CARLOS S, the company’s SVP, Sales & Marketing. SEC filings show that BORI CARLOS S sold 9,321 shares of the company’s common stock on Sep 13 ’24 at a price of $101.97 per share for a total of $0.95 million. Following the sale, the insider now owns 37203.0 shares.
Still, SEC filings show that on Aug 16 ’24, Kasnavi Reza (SVP, Tech. & Manufacturing) disposed off 1,843 shares at an average price of $107.47 for $0.2 million. The insider now directly holds 17,455 shares of Skyworks Solutions, Inc. (SWKS).
