Skyworks Solutions, Inc. [NASDAQ: SWKS] gained 0.91% or 0.97 points to close at $107.70 with a heavy trading volume of 2039856 shares.
The daily chart for SWKS points out that the company has recorded 2.65% gains over the past six months.
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If we look at the average trading volume of 2.60M shares, SWKS reached to a volume of 2039856 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Skyworks Solutions, Inc. [SWKS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SWKS shares is $116.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SWKS stock is a recommendation set at 2.69. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
TD Cowen have made an estimate for Skyworks Solutions, Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 31, 2024. While these analysts kept the previous recommendation, Craig Hallum raised their target price from $125 to $140. The new note on the price target was released on July 31, 2024, representing the official price target for Skyworks Solutions, Inc. stock. Previously, the target price had yet another raise from $96 to $130, while B. Riley Securities kept a Buy rating on SWKS stock.
The Average True Range (ATR) for Skyworks Solutions, Inc. is set at 3.47, with the Price to Sales ratio for SWKS stock in the period of the last 12 months amounting to 3.93. The Price to Book ratio for the last quarter was 2.71, with the Price to Cash per share for the same quarter was set at 7.95. Price to Free Cash Flow for SWKS in the course of the last twelve months was 10.96 with Quick ratio for the last quarter at 4.29.
Trading performance analysis for SWKS stock
Skyworks Solutions, Inc. [SWKS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.40. With this latest performance, SWKS shares dropped by -5.21% in over the last four-week period, additionally plugging by 2.65% over the last 6 months – not to mention a drop of -0.07% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SWKS stock in for the last two-week period is set at 50.82, with the RSI for the last a single of trading hit 51.86, and the three-weeks RSI is set at 50.82 for Skyworks Solutions, Inc. [SWKS]. The present Moving Average for the last 50 days of trading for this stock 108.67, while it was recorded at 107.76 for the last single week of trading, and 103.42 for the last 200 days.
Skyworks Solutions, Inc. [SWKS]: A deeper dive into fundamental analysis
Skyworks Solutions, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.29 and a Current Ratio set at 5.75.
Skyworks Solutions, Inc. [SWKS]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Skyworks Solutions, Inc. posted 2.2/share EPS, while the average EPS was predicted by analysts to be reported at 2.1/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.1. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SWKS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Skyworks Solutions, Inc. go to 15.00%.
An analysis of Institutional ownership at Skyworks Solutions, Inc. [SWKS]
There are presently around $93.76%, or 94.29%% of SWKS stock, in the hands of institutional investors. The top three institutional holders of SWKS stocks are: VANGUARD GROUP INC with ownership of 19.58 million shares, which is approximately 12.204%. BLACKROCK INC., holding 15.78 million shares of the stock with an approximate value of $$1.68 billion in SWKS stocks shares; and BLACKROCK INC., currently with $$830.82 million in SWKS stock with ownership which is approximately 4.8599%.
