Skyworks SolutionsInc. (NASDAQ:SWKS) traded at $176.34 at close of the session on Tuesday, May 04, made a downturn move of -2.75% on its previous day’s price.
Looking at the stock we see that its previous close was $181.33 and the beta (5Y monthly) reads 1.1 with the day’s price range being $175.27 – 183.16. The company has a trailing 12-month PE ratio of 24.38. In terms of its 52-week price range, SWKS has a high of $204 and a low of $96.73. The company’s stock has gained about -6.05% over that past 30 days.
Skyworks SolutionsInc. has a market cap of $31.77 Billion and is expected to release its quarterly earnings report on Jul 21, 2021- Jul 26, 2021. With its Forward Dividend at 2 and a yield of 1.13%, the company’s investors could be anxious for the SWKS stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $2.14, with the EPS growth for the year raised at $10.31 for 2021 and $10.84 for next year. These figures represent 0.68% and 0.05% growth in EPS for the two years respectively.
There have been 11 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the SWKS stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 27 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 12 have rated the Skyworks SolutionsInc. (SWKS) stock as a Hold, while 13 rate it as a Buy. 2 analyst(s) rate it as outperform while none of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the SWKS stock currently stands at 2.11, and the current price level is -7.04% off its SMA20 and -3.43% from its 50-day simple moving average. The RSI (14) is pointing at 41 while the volatility over the past week is 3.42% and drops to 2.66% over the past one month. The beta value is 1.1, while the average true range (ATR) is currently pointing at 6.82. The average price target for the stock over the next 12 months is $208.13, with the estimates having a low of $162 and a high of $245. These price ends are -8.13% and +38.94% off the current price level respectively, although investors could be excited at the prospect of a +21.07% if the SWKS share price touches on the median price of $213.5.
Let’s briefly compare Skyworks SolutionsInc. (SWKS) stock to its peers. We find that current price change of -2.75% and +78.43% over the past 12 months for SWKS competes that of Qorvo Inc (QRVO), which has seen its stock price fall -1.93% in the last trading session and was +98.11% over the last one year. Another of its peers Akoustis Technologies Inc (AKTS) has dropped -11.22% previous session, and was +23.39% up over the past year, while Resonant Inc (RESN) was also down -2.75% in the last session, while its price remained in the green at 78.43% over the same period. Skyworks SolutionsInc. has a P/E ratio of 24.38 compared to Qorvo Inc’s 44.22 and Akoustis Technologies Inc’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.27% and 0.7%, respectively, at close of the trading.
Coming back to Skyworks SolutionsInc. (NASDAQ:SWKS), we note that the average 3-month trading volume was 2.48 Million, while that of the preceding 10-day period stands at 2.05 Million. Current shares outstanding are 165.09 Million.
According to data from Thomson Reuters, insiders hold 0.32% of the company’s shares while institutions hold 78.66%. The data shows that short shares as of April 14, 2021, stood at 3.25 Million at a short ratio of 1.88. This represents a 1.97% short interest in shares outstanding on April 14, 2021. Shares short dropped in April from the previous month at 4.81 Million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock +15.35% up in year-to-date price movement.