Barclays has recently reduced Skyworks Solutions Inc (SWKS) stock to Underweight rating, as announced on October 10, 2024, according to Finviz. Earlier, on July 31, 2024, TD Cowen had reiterated the stock to Hold, setting a price target of $110 for SWKS stock. Craig Hallum also reiterated Buy rating with a price target of $140. Additionally, B. Riley Securities raised Buy rating on June 20, 2024, with a target price of $130. Wolfe Research analysts, in their report published on May 9, 2024, also reduced Peer Perform rating for Skyworks Solutions Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Skyworks Solutions Inc (SWKS) Stock Trading Recap
On Monday, Skyworks Solutions Inc (SWKS) stock saw a decline, ending the day at $87.98 which represents a decrease of $-1.18 or -1.32% from the prior close of $89.16. The stock opened at $88.76 and touched a low of $86.85 during the day, reaching a high of $88.92. The volume of shares traded was 2.60 million exceeding the average volume of 1.95 million.
SWKS Stock Performance and Moving Averages
In recent trading, Skyworks Solutions Inc (SWKS) stock price has shown some volatility, fluctuating 0.03% over the last five trades and -9.58% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -6.30%, and it has plunged by -17.54% in the previous three months. Currently, SWKS is trading at -5.76%, -8.80%, and -13.49% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, SWKS, a Technology sector stock, is trading -27.21% below its 52-week high but remains 2.05% above its 52-week low. The Average True Range (ATR) (14 days) of 2.73 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Skyworks Solutions Inc’s Profitability and Valuation Ratios
Skyworks Solutions Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 20.52% and a profit margin of 17.85%, with a gross margin of -6.30%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Skyworks Solutions Inc’s market capitalization stands at $13.74 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 18.15, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 13.83. Additionally, the Price-to-Sales Ratio is 3.14, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.22, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.35% of Skyworks Solutions Inc (SWKS)’s shares, while financial institutions hold 90.76%.
Notable insider trades include BORI CARLOS S, SVP, Sales & Marketing at Skyworks Solutions Inc (SWKS), who sold 10177 shares on Oct 14 ’24, at $97.63 each, totaling $0.99 million. On Sep 13 ’24, BORI CARLOS S, SVP, Sales & Marketing, sold 9321 shares for $101.97 each, amounting to $0.95 million. Additionally, on Aug 16 ’24, Kasnavi Reza sold 1843 shares at $107.47 each, generating $0.20 million.
