A new trading day began on Tuesday, with Skyworks Solutions, Inc. (NASDAQ: SWKS) stock price down -1.23% from the previous day of trading, before settling in for the closing price of $100.24. SWKS’s price has ranged from $85.06 to $115.69 over the past 52 weeks.
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Annual sales at Technology sector company grew by 6.66% over the past five years. Meanwhile, its annual earnings per share averaged -18.85%. With a float of $159.86 million, this company’s outstanding shares have now reached $160.44 million.
Let’s look at the performance matrix of the company that is accounted for 9750 employees.
Skyworks Solutions, Inc. (SWKS) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of Skyworks Solutions, Inc. is 0.36%, while institutional ownership is 87.31%. The most recent insider transaction that took place on Dec 14 ’23, was worth 350,790. In this transaction SVP, Human Resources of this company sold 3,189 shares at a rate of $110.00, taking the stock ownership to the 17,323 shares. Before that another transaction happened on Nov 17 ’23, when Company’s SVP, Tech. & Manufacturing sold 5,289 for $94.04, making the entire transaction worth $497,378. This insider now owns 19,078 shares in total.
Skyworks Solutions, Inc. (SWKS) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 90.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -18.85% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to 4.11% growth over the previous five years of trading.
Skyworks Solutions, Inc. (NASDAQ: SWKS) Trading Performance Indicators
Here are Skyworks Solutions, Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.51. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.42. Likewise, its price to free cash flow for the trailing twelve months is 9.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.64, a number that is poised to hit 1.52 in the next quarter and is forecasted to reach 8.21 in one year’s time.
Technical Analysis of Skyworks Solutions, Inc. (SWKS)
Skyworks Solutions, Inc. (NASDAQ: SWKS) saw its 5-day average volume 1.96 million, a negative change from its year-to-date volume of 2.31 million. As of the previous 9 days, the stock’s Stochastic %D was 4.85%. Additionally, its Average True Range was 2.83.
During the past 100 days, Skyworks Solutions, Inc.’s (SWKS) raw stochastic average was set at 26.17%, which indicates a significant increase from 0.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.38% in the past 14 days, which was higher than the 27.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $104.71, while its 200-day Moving Average is $103.11. Nevertheless, the first resistance level for the watch stands at $100.18 in the near term. At $101.34, the stock is likely to face the second major resistance level. The third major resistance level sits at $101.96. If the price goes on to break the first support level at $98.40, it is likely to go to the next support level at $97.78. Assuming the price breaks the second support level, the third support level stands at $96.62.
Skyworks Solutions, Inc. (NASDAQ: SWKS) Key Stats
With a market capitalization of 15.89 billion, the company has a total of 160,226K Shares Outstanding. Currently, annual sales are 4,772 M while annual income is 982,800 K. The company’s previous quarter sales were 1,202 M while its latest quarter income was 231,300 K.
