Skyworks Solutions, Inc. (NASDAQ: SWKS) on Monday, plunged -1.83% from the previous trading day, before settling in for the closing price of $98.61. 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 11.50%. The company achieved an average annual earnings per share of -26.60%. With a float of $159.16 million, this company’s outstanding shares have now reached $159.50 million.
Let’s determine the extent of company efficiency that accounts for 9750 employees. In terms of profitability, gross margin is 40.46%, operating margin of 19.06%, and the pretax margin is 18.85%.
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 0.35%, while institutional ownership is 93.02%. The most recent insider transaction that took place on Oct 14 ’24, was worth 993,616. In this transaction SVP, Sales & Marketing of this company sold 10,177 shares at a rate of $97.63, taking the stock ownership to the 27,026 shares. Before that another transaction happened on Oct 14 ’24, when Company’s Officer proposed sale 10,177 for $97.63, making the entire transaction worth $993,606.
Skyworks Solutions, Inc. (SWKS) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 2.2 earnings per share (EPS) for the period topping the consensus outlook (set at 2.1) by 0.1. 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 -26.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.60% 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 4.29 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 3.54. Likewise, its price to free cash flow for the trailing twelve months is 9.85.
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 6.37 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 1.79 million, which is a drop from its year-to-date volume of 2.36 million. As of the previous 9 days, the stock’s Stochastic %D was 55.31%. Additionally, its Average True Range was 2.76.
During the past 100 days, Skyworks Solutions, Inc.’s (SWKS) raw stochastic average was set at 23.24%, which indicates a significant decrease from 42.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.11% in the past 14 days, which was lower than the 37.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $101.05, while its 200-day Moving Average is $102.68. However, in the short run, Skyworks Solutions, Inc.’s stock first resistance to watch stands at $97.66. Second resistance stands at $98.51. The third major resistance level sits at $99.07. If the price goes on to break the first support level at $96.24, it is likely to go to the next support level at $95.68. Should the price break the second support level, the third support level stands at $94.83.
Skyworks Solutions, Inc. (NASDAQ: SWKS) Key Stats
Market capitalization of the company is 15.46 billion based on 160,447K outstanding shares. Right now, sales total 4,772 M and income totals 982,800 K. The company made 905,500 K in profit during its latest quarter, and 120,900 K in sales during its previous quarter.
