BofA Securities lowered the price target for the Skyworks Solutions Inc. (NASDAQ:SWKS) stock from “a Neutral” to “an Underperform”. The rating was released on June 29, 2022, according to finviz. We previously noted in another research note published on April 12, 2022 by B. Riley Securities that downgraded the stock from a Buy to a Neutral with a price target of $138 for SWKS stock. The research report from UBS has reiterated the stock to Neutral, with a price target set at $145. The stock was reiterated by The Benchmark Company, who disclosed in a research note on February 04, 2022, to Buy and set the price objective to $190. In their research brief published February 04, 2022, Susquehanna analysts reiterated the Skyworks Solutions Inc. stock to Neutral with a price target of $160.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Skyworks Solutions Inc. (NASDAQ:SWKS) raised 1.43% to close Thursday’s market session at $113.52, higher as compared to yesterday’s close. The stock price fluctuated between $109.471 and $113.78 throughout the trading session with the volume trading being 3787978 shares, which represented a significant variation when compared to the three months average volume of 2.15 million shares. The firm’s stock price fluctuated 5.43% within the last five trades and 18.83% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -23.54% in the last 6 months and -0.01% was subtracted to its value over the previous 3 months. SWKS stock is trading at a margin of 9.50%, 12.40% and -13.43% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, SWKS deals in the Technology domain. The stock is trading -39.81 percent below its 52-week high and 27.90 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -36. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Skyworks Solutions Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 28.10 percent and the profit margin is 26.00 percent, and the company has reported a gross margin of 47.90 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $17.96 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Skyworks Solutions Inc. (NASDAQ:SWKS) is 13.78. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 9.56. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.41 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.58, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.20 percent of Skyworks Solutions Inc. shares are owned by insiders, and 76.40 percent are held by financial institutions. GRIFFIN LIAM, the Chairman, CEO and President at Skyworks Solutions Inc. (SWKS) has sold 10,000 shares of firm on Mar 29 at a price of $140.00 against the total amount of $1.4 million. In another inside trade, GRIFFIN LIAM, Chairman, CEO and President of Skyworks Solutions Inc. (NASDAQ:SWKS) sold 10,000 shares of the firm on Feb 16 for a total worth of $1.4 million at a price of $140.00. An inside trade which took place on Feb 02, Chairman, CEO and President of Skyworks Solutions Inc. GRIFFIN LIAM sold 10,000 shares of firm against total price of $1.47 million at the cost of $146.91 per share.