Skyworks Solutions, Inc (SWKS) concluded trading on Wednesday at a closing price of $83.18, with 5.7 million shares of worth about $474.11 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.88% during that period and on November 13, 2024 the price saw a loss of about -4.43%. Currently the company’s common shares owned by public are about 159.50M shares, out of which, 159.16M shares are available for trading.
Stock saw a price change of -8.06% in past 5 days and over the past one month there was a price change of -15.60%. Year-to-date (YTD), SWKS shares are showing a performance of -26.01% which decreased to -6.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $85.99 but also hit the highest price of $120.86 during that period. The average intraday trading volume for Skyworks Solutions, Inc shares is 2.00 million. The stock is currently trading -9.61% below its 20-day simple moving average (SMA20), while that difference is down -13.16% for SMA50 and it goes to -18.04% lower than SMA200.
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Skyworks Solutions, Inc (NASDAQ: SWKS) currently have 159.50M outstanding shares and institutions hold larger chunk of about 90.75% of that.
The stock has a current market capitalization of $13.29B and its 3Y-monthly beta is at 1.19. PE ratio of stock for trailing 12 months is 22.53, while it has posted earnings per share of $3.69 in the same period. Its PEG reads 1.94 and has Quick Ratio of 2.19 while making debt-to-equity ratio of 0.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SWKS, volatility over the week remained 2.76% while standing at 2.50% over the month.
Stock’s fiscal year EPS is expected to drop by -13.96% while it is estimated to increase by 15.98% in next year. EPS is likely to grow at an annualized rate of 11.60% for next 5-years, compared to annual growth of -5.48% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Loop Capital on November 12, 2024 offering a Hold rating for the stock and assigned a target price of $90 to it. Coverage by Barclays stated Skyworks Solutions, Inc (SWKS) stock as an Underweight in their note to investors on October 10, 2024, suggesting a price target of $87 for the stock. On July 31, 2024, TD Cowen Reiterated their recommendations, while on July 31, 2024, Craig Hallum Reiterated their ratings for the stock with a price target of $140. Stock get a Buy rating from B. Riley Securities on June 20, 2024.
