Skyworks Solutions Inc. (NASDAQ:SWKS) stock went on an upward path that rose over 0.52% on Thursday, amounting to a one-week price increase of more than 8.32%. Over the last 12 months, SWKS stock rose by 19.36%. The one-year SWKS stock forecast points to a potential upside of 0.12, with the average price target set at $87.42 per share. The average equity rating for SWKS stock is currently 2.50, trading closer to a bullish pattern in the stock market.
The market cap for SWKS stock reached $17.03 billion, with 172.60 million shares outstanding and 170.99 million shares in the current float. Compared to the average trading volume of 1.78M shares, SWKS reached a trading volume of 1475162 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Skyworks Solutions Inc. (SWKS)?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SWKS shares is $87.09 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SWKS stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cowen have made an estimate for Skyworks Solutions Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 10, 2019. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Buy. The new note on the price target was released on September 20, 2019, representing the official price target for Skyworks Solutions Inc. stock. Previously, the target price had yet another raise to $90, while Raymond James analysts kept a Outperform rating on SWKS stock. On July 18, 2019, analysts increased their price target for SWKS shares from 75 to 80.
The Average True Range (ATR) for Skyworks Solutions Inc. is set at 2.15, with the Price to Sales ratio for SWKS stock in the period of the last 12 months amounting to 4.79. The Price to Book ratio for the last quarter was 4.15, with the Price to Cash per share for the same quarter was set at 5.42. Price to Free Cash Flow for SWKS in the course of the last twelve months was 36.62 with Quick ratio for the last quarter at 4.10.
How has SWKS stock performed recently?
Skyworks Solutions Inc. (SWKS) gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.32. With this latest performance, SWKS shares gained by 22.22% in over the last four-week period, additionally plugging by 19.48% over the last 6 months – not to mention a rise of 19.36% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SWKS stock in for the last two-week period is set at 77.04, with the RSI for the last a single of trading hit 82.76, and the three-weeks RSI is set at 73.46 for Skyworks Solutions Inc. (SWKS). The present Moving Average for the last 50 days of trading for this stock 84.13, while it was recorded at 98.45 for the last single week of trading, and 80.92 for the last 200 days.
Skyworks Solutions Inc. (SWKS): Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Skyworks Solutions Inc. (SWKS) shares currently have an operating margin of +33.82 and a Gross Margin at +49.96. Skyworks Solutions Inc.’s Net Margin is presently recorded at +23.74.
Return on Total Capital for SWKS is now 32.05, given the latest momentum, and Return on Invested Capital for the company is 22.50. Return on Equity for this stock inclined to 22.50, with Return on Assets sitting at 19.54.
Reflecting on the efficiency of the workforce at the company, Skyworks Solutions Inc. (SWKS) managed to generate an average of $97,702 per employee. Receivables Turnover for the company is 6.97 with a Total Asset Turnover recorded at a value of 0.82. Skyworks Solutions Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.10 and a Current Ratio set at 5.60.
Earnings analysis for Skyworks Solutions Inc. (SWKS)
With the latest financial reports released by the company, Skyworks Solutions Inc. posted 1.94/share EPS, while the average EPS was predicted by analysts to be reported at 1.92/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SWKS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Skyworks Solutions Inc. go to 15.00%.
Insider trade positions for Skyworks Solutions Inc. (SWKS)
There are presently around $14,121 million, or 84.40% of SWKS stock, in the hands of institutional investors. The top three institutional holders of SWKS stocks are: VANGUARD GROUP INC with ownership of 18,657,776, which is approximately 0.504% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 13,205,789 shares of the stock with an approximate value of $1.0 billion in SWKS stocks shares; and VULCAN VALUE PARTNERS, LLC, currently with $922.0 million in SWKS stock with ownership of nearly 12.156% of the company’s market capitalization.
Positions in Skyworks Solutions Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 342 institutional holders increased their position in Skyworks Solutions Inc. (NASDAQ:SWKS) by around 13,456,993 shares. Additionally, 328 investors decreased positions by around 9,866,028 shares, while 111 investors held positions by with 120,581,755 shares. The mentioned changes placed institutional holdings at 143,904,776 shares, according to the latest SEC report filing. SWKS stock had 76 new institutional investments in for a total of 2,898,496 shares, while 88 institutional investors sold positions of 3,529,500 shares during the same period.