Skyworks Solutions, Inc. (NASDAQ:SWKS) shares traded -3.46% lower at $113.62 on Wall Street last session.
SWKS stock price is now 9.15% away from the 50-day moving average and 11.63% away from the 200-day moving average. The market capitalization of the company currently stands at $18.23B.
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With the price target enhanced from $90 to $110, TD Cowen maintained Hold rating for Skyworks Solutions, Inc. (NASDAQ: SWKS). On August 01, 2024, Craig Hallum reiterated its ‘Buy’ rating on the stock by increasing its target price from $125 to quote $140, while ‘B. Riley Securities’ rates the stock as ‘Buy’
In other news, Carter Philip Matthew, VP, Corp. Controller sold 452 shares of the company’s stock on Jul 16 ’24. The stock was sold for $54,240 at an average price of $120.00. Upon completion of the transaction, the VP, Corp. Controller now directly owns 9,112 shares in the company, valued at $1.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 10 ’24, VP, Corp. Controller Carter Philip Matthew sold 452 shares of the business’s stock. A total of $49,720 was realized by selling the stock at an average price of $110.00. This leaves the insider owning 9,564 shares of the company worth $1.09 million. A total of 0.37% of the company’s stock is owned by insiders.
During the past 12 months, Skyworks Solutions, Inc. has had a low of $85.06 and a high of $120.86. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 3.00, and a quick ratio of 2.09. According to the stock market information, the enterprise value for the company is $18587576320, which is based on a 23.44 price-to-earnings ratio, a 1.56 price-to-earnings-growth ratio, and a beta of 1.22. The fifty day moving average price for SWKS is $104.4984 and a two-hundred day moving average price translates $101.86595 for the stock.
The latest earnings results from Skyworks Solutions, Inc. (NASDAQ: SWKS) was released for 2024-06-28. The net profit margin was 17.85% and return on equity was 12.78% for SWKS. The company reported revenue of $905.5 million for the quarter, compared to $1.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.47 percent.
