A new trading day began on Monday, with Skyworks Solutions, Inc. (NASDAQ: SWKS) stock price down -4.78% from the previous day of trading, before settling in for the closing price of $104.70. SWKS’s price has ranged from $85.06 to $120.86 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 6.66% over the last five years. Meanwhile, its annual earnings per share averaged -26.56%. With a float of $159.13 million, this company’s outstanding shares have now reached $159.50 million.
The firm has a total of 9750 workers. Let’s measure their productivity.
Skyworks Solutions, Inc. (SWKS) Insider Activity
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 0.37%, while institutional ownership is 94.14%. 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
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 2.2 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.73 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -26.56% 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 4.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.64. Likewise, its price to free cash flow for the trailing twelve months is 10.14.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.85, a number that is poised to hit 1.52 in the next quarter and is forecasted to reach 6.42 in one year’s time.
Technical Analysis of Skyworks Solutions, Inc. (SWKS)
Analysing the last 5-days average volume posted by the [Skyworks Solutions, Inc., SWKS], we can find that recorded value of 4.34 million was better than the volume posted last year of 2.52 million. As of the previous 9 days, the stock’s Stochastic %D was 6.91%. Additionally, its Average True Range was 4.22.
During the past 100 days, Skyworks Solutions, Inc.’s (SWKS) raw stochastic average was set at 33.40%, which indicates a significant increase from 5.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.78% in the past 14 days, which was higher than the 41.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $105.15, while its 200-day Moving Average is $102.00. Now, the first resistance to watch is $103.14. This is followed by the second major resistance level at $106.57. The third major resistance level sits at $108.90. If the price goes on to break the first support level at $97.38, it is likely to go to the next support level at $95.05. Should the price break the second support level, the third support level stands at $91.62.
Skyworks Solutions, Inc. (NASDAQ: SWKS) Key Stats
With a market capitalization of 15.92 billion, the company has a total of 160,447K Shares Outstanding. Currently, annual sales are 4,772 M while annual income is 982,800 K. The company’s previous quarter sales were 1,046 M while its latest quarter income was 183,300 K.
