Skyworks Solutions, Inc. (NASDAQ: SWKS) kicked off on Friday, down -1.55% from the previous trading day, before settling in for the closing price of $97.62. Over the past 52 weeks, SWKS has traded in a range of $85.06-$115.69.
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A company in the Technology sector has jumped its sales by 6.66% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -19.06%. With a float of $159.86 million, this company’s outstanding shares have now reached $160.44 million.
In an organization with 9750 employees, it is important to assess its efficiency.
Skyworks Solutions, Inc. (SWKS) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 96.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -19.06% 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
Take a look at Skyworks Solutions, Inc.’s (SWKS) current performance indicators. Last quarter, 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 3.32. Likewise, its price to free cash flow for the trailing twelve months is 9.13.
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 8.17 in one year’s time.
Technical Analysis of Skyworks Solutions, Inc. (SWKS)
Let’s dig in a bit further. During the last 5-days, its volume was 2.15 million. That was inferior than the volume of 2.31 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 4.58%. Additionally, its Average True Range was 2.64.
During the past 100 days, Skyworks Solutions, Inc.’s (SWKS) raw stochastic average was set at 11.99%, which indicates a significant increase from 3.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.35% in the past 14 days, which was lower than the 28.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $104.40, while its 200-day Moving Average is $102.92. However, in the short run, Skyworks Solutions, Inc.’s stock first resistance to watch stands at $97.40. Second resistance stands at $98.68. The third major resistance level sits at $99.56. If the price goes on to break the first support level at $95.24, it is likely to go to the next support level at $94.36. The third support level lies at $93.08 if the price breaches the second support level.
Skyworks Solutions, Inc. (NASDAQ: SWKS) Key Stats
The company with the Market Capitalisation of 15.42 billion has total of 160,226K Shares Outstanding. Its annual sales at the moment are 4,772 M in contrast with the sum of 982,800 K annual income. Company’s last quarter sales were recorded 1,202 M and last quarter income was 231,300 K.
