Skyworks Solutions, Inc (NASDAQ:SWKS) price on current trading day, fall -2.39% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $68.68.
A look at the stock’s price movement, the level at last check in today’s session was $70.36. The PE ratio in trailing twelve months stood at 26.82. Turning to its 52-week performance, $120.86 and $47.93 were the 52-week high and 52-week low respectively. Overall, SWKS moved 11.67% over the past month.
Skyworks Solutions, Inc’s market cap currently stands at around $10.31 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 2.78, with its dividend yield at 4.05%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 940M for the company’s revenue for the quarter, with a low and high estimate of 936.18M and 941.98M respectively. The average forecast suggests up to a 3.81% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.85B, representing a -7.96% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SWKS is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
18 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 9 analyst(s) rate the stock as a Hold, 8 recommend SWKS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SWKS’s current price about -0.03% and 6.45% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.82, while 7-day volatility ratio is 1.34% and 2.02% in the 30-day chart. Further, Skyworks Solutions, Inc (SWKS) has a beta value of 1.17, and an average true range (ATR) of 2.46. Analysts have given the company’s stock an average 52-week price target of $120, forecast between a low of $85 and high of $220. Looking at the price targets, the low is -23.76% off recent price level in today’s trading while to achieve the yearly target high, it has to move -220.33%. Nonetheless, investors will most likely welcome a -74.72% jump to $120 which is the analysts’ median price.
If we refocus on Skyworks Solutions, Inc (NASDAQ:SWKS), historical trading data shows that trading volumes averaged 3.95 million over the past 3 months. The company’s latest data on shares outstanding shows there are 153.60 million shares.
The 0.42% of Skyworks Solutions, Inc’s shares are in the hands of company insiders while institutional holders own 101.90% of the company’s shares. Current price change has pushed the stock -22.56% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SWKS stock continues to rise going into the next quarter.
