In yesterday’s Wall Street session, Skyworks Solutions, Inc (NASDAQ:SWKS) shares traded at $87.58, down -2.67% from the previous session.
SWKS stock price is now -11.58% away from the 50-day moving average and -14.40% away from the 200-day moving average. The market capitalization of the company currently stands at $13.99B.
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With the price target reduced from $115 to $87, Barclays Downgraded its rating from Equal Weight to Underweight for Skyworks Solutions, Inc (NASDAQ: SWKS). On July 31, 2024, TD Cowen reiterated its ‘Hold’ rating on the stock by increasing its target price from $90 to quote $110, while ‘Craig Hallum’ rates the stock as ‘Buy’
In other news, BORI CARLOS S, SVP, Sales & Marketing sold 10,177 shares of the company’s stock on Oct 14 ’24. The stock was sold for $993,616 at an average price of $97.63. Upon completion of the transaction, the SVP, Sales & Marketing now directly owns 27,026 shares in the company, valued at $2.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 14 ’24, Officer CARLOS S BORI bought 10,177 shares of the business’s stock. A total of $993,606 was incurred on buying the stock at an average price of $97.63. A total of 0.35% 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 0.19, a current ratio of 5.75, and a quick ratio of 4.29. According to the stock market information, the enterprise value for the company is $13919759360, which is based on a 18.07 price-to-earnings ratio, a 1.56 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for SWKS is $99.0552 and a two-hundred day moving average price translates $102.31145 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.
