Skyworks Solutions, Inc. (NASDAQ: SWKS) on Friday, soared 3.11% from the previous trading day, before settling in for the closing price of $112.68. Within the past 52 weeks, SWKS’s price has moved between $85.06 and $120.86.
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During the last 5-year period, the sales growth of Technology Sector giant was 6.66%. The company achieved an average annual earnings per share of -26.52%. With a float of $159.86 million, this company’s outstanding shares have now reached $160.45 million.
Let’s determine the extent of company efficiency that accounts for 9750 employees.
Skyworks Solutions, Inc. (SWKS) Insider Activity
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of Skyworks Solutions, Inc. is 0.37%, while institutional ownership is 93.44%. The most recent insider transaction that took place on Jul 16 ’24, was worth 54,240. In this transaction VP, Corp. Controller of this company sold 452 shares at a rate of $120.00, taking the stock ownership to the 9,112 shares. Before that another transaction happened on Jul 10 ’24, when Company’s VP, Corp. Controller sold 452 for $110.00, making the entire transaction worth $49,720. This insider now owns 9,564 shares in total.
Skyworks Solutions, Inc. (SWKS) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -26.52% 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
Skyworks Solutions, Inc. (SWKS) is currently performing well based on its current performance indicators. A quick ratio of 3.81 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.11. Likewise, its price to free cash flow for the trailing twelve months is 11.69.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.32, a number that is poised to hit 1.21 in the next quarter and is forecasted to reach 6.62 in one year’s time.
Technical Analysis of Skyworks Solutions, Inc. (SWKS)
Looking closely at Skyworks Solutions, Inc. (NASDAQ: SWKS), its last 5-days average volume was 2.44 million, which is a drop from its year-to-date volume of 2.46 million. As of the previous 9 days, the stock’s Stochastic %D was 27.38%. Additionally, its Average True Range was 3.43.
During the past 100 days, Skyworks Solutions, Inc.’s (SWKS) raw stochastic average was set at 85.27%, which indicates a significant increase from 70.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.53% in the past 14 days, which was higher than the 41.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $103.17, while its 200-day Moving Average is $101.59. However, in the short run, Skyworks Solutions, Inc.’s stock first resistance to watch stands at $117.64. Second resistance stands at $119.09. The third major resistance level sits at $120.98. If the price goes on to break the first support level at $114.30, it is likely to go to the next support level at $112.41. Should the price break the second support level, the third support level stands at $110.96.
Skyworks Solutions, Inc. (NASDAQ: SWKS) Key Stats
Market capitalization of the company is 18.64 billion based on 160,447K outstanding shares. Right now, sales total 4,772 M and income totals 982,800 K. The company made 1,046 M in profit during its latest quarter, and 183,300 K in sales during its previous quarter.
