Skyworks Solutions, Inc [SWKS] stock Reiterated by B. Riley Securities analyst, price target now $110

Skyworks Solutions, Inc [NASDAQ: SWKS] price plunged by -0.16 percent to reach at -$0.13.

The one-year SWKS stock forecast points to a potential upside of 11.57. The average equity rating for SWKS stock is currently 2.71, trading closer to a bullish pattern in the stock market.

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Guru’s Opinion on 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 $94.35 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 2.71. 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.

B. Riley Securities have made an estimate for Skyworks Solutions, Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 14, 2024. While these analysts kept the previous recommendation, Loop Capital raised their target price to Hold. The new note on the price target was released on November 12, 2024, representing the official price target for Skyworks Solutions, Inc stock. Previously, the target price had yet another drop from $115 to $87, while Barclays kept a Underweight rating on SWKS stock. On July 31, 2024, analysts increased their price target for SWKS shares from 90 to 110.

The Average True Range (ATR) for Skyworks Solutions, Inc is set at 2.45, with the Price to Sales ratio for SWKS stock in the period of the last 12 months amounting to 3.19. The Price to Book ratio for the last quarter was 2.11, with the Price to Cash per share for the same quarter was set at 9.77. Price to Free Cash Flow for SWKS in the course of the last twelve months was 8.00 with Quick ratio for the last quarter at 4.24.

SWKS Stock Performance Analysis:

Skyworks Solutions, Inc [SWKS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.30. With this latest performance, SWKS shares dropped by -12.77% in over the last four-week period, additionally sinking by -10.70% over the last 6 months – not to mention a drop of -11.94% 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 30.83, with the RSI for the last a single of trading hit 27.78, and the three-weeks RSI is set at 33.73 for Skyworks Solutions, Inc [SWKS]. The present Moving Average for the last 50 days of trading for this stock 94.13, while it was recorded at 83.73 for the last single week of trading, and 101.02 for the last 200 days.

Insight into Skyworks Solutions, Inc Fundamentals:

Skyworks Solutions, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.24 and a Current Ratio set at 5.54.

SWKS Stock EPS

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 10.18%.

Skyworks Solutions, Inc [SWKS] Institutonal Ownership Details

There are presently around $91.24%, or 91.60%% 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%.

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