KeyBanc maintained its Skyworks Solutions [SWKS] rating to the equivalent of Overweight but changed the price target to $180 from $170, in a research note dated 2021-01-06. That figure represents around a 15.16% premium from where the company’s shares closed on Tuesday. Other analysts also revised their coverage, with The Benchmark Company’s analysts reiterating the shares to “a Buy” rating in a research note to investors issued in early November. Meanwhile, Craig Hallum had maintained its rating on SWKS to the earlier “Buy” rating, in a research note produced for clients November 03, 2020. In addition, there was no change from Cowen on November 03, 2020. The rater maintained SWKS to “an Outperform” but assigned new target price of $160.
Is Skyworks Solutions Inc. [NASDAQ:SWKS] a Good Buy Right Now?
It should be noted that SWKS technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 40% Buy in the past month. Data from Skyworks Solutions Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 1.83 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 2.04 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.87 million shares.
SWKS Price Performance
On Wall Street, Skyworks Solutions Inc. [NASDAQ:SWKS] finished Tuesday’s session up 3.70% at $156.30. The stock went up to $156.46 at the same session while its lowest single day price was $150.00. In the last five days, it saw a rise of about 2.01%, Skyworks Solutions Inc. shares gained by almost 2.24% since the beginning of the year. However, the share price has dropped to as low as -1.46% below its one year high. On 01/05/21, the company shares recorded $156.46, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $148.02. The company’s shares have inclined by 34.09% in the past year. The 50-day SMA achieved is $144.98 while the 200-day SMA is $130.81. Volume dropped to 2.05 million from 2.18 million in the previous session.
Skyworks Solutions Inc. [SWKS] Valuation Measures
Notably, Skyworks Solutions Inc. [SWKS] stock can be classified as a good candidate in the listing of underestimated low-priced Semiconductors companies to purchase soonest possible with the prevailing 12-month PE ratio of 32.62. The measure means the stock is exchanging at a discount as compared to the 32.75x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 7.73 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.64 which means SWKS serve an attractive investment opportunity compared to its competitors.
SWKS Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 152.05 level, and in case of violation of this particular level, it will cause more drop to 147.79 level. On the upper level, 160.71 is still the key resistance. The stock may increase to the subsequent resistance at 158.51. The Relative Strength Index (RSI) pinned on the 14-day chart is 61.92, implying a neutral technical stance while the MACD stands at 3.21, meaning price will increase in the next trading period. Percent R indicator moved to 1.19%, implying bullish price movement. Stochastic %K at 86.42% suggest selling the stock.
What is the short interest in Skyworks Solutions Inc.?
Short interest in the Skyworks Solutions Inc. stock has plunged, decreasing by -0.33 million shares to total 3.44 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 3.11 million, data from Yahoo Finance shows. The increase of 9.59% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 2.35% of the overall float for the stock.
Skyworks Solutions Inc.’s Biggest Shareholders: Who Owns Skyworks Solutions Inc. [SWKS]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 17,500,750 shares or roughly 10.54% of the outstanding SWKS shares. This means their shares have reduced by -418,300 from the 17,500,750 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, BlackRock Fund Advisors updated stake is worth $1,355,548,785. Details in the latest 13F filings reveal that SSgA Funds Management, Inc. disposed off their -0.57% stake valued at $1,103,702,211 while Vulcan Value Partners LLC cut theirs at $857,617,208. During the last quarter, SSgA Funds Management, Inc. liquidated -44,977 of its shares in Skyworks Solutions Inc. while Vulcan Value Partners LLC sold -1,206,564 shares. The T. Rowe Price Associates, Inc.’s holdings currently number 4,495,966 shares at $702719485.8. According to the firm’s last 13F report, Geode Capital Management LLC shares in the company at filing stood at 2,916,766 shares, roughly $411,759,856.
SWKS Earnings Forecast For The Current Quarter
Skyworks Solutions Inc. [SWKS] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $1.05B and an earnings per share of $2.08 for Dec 2020. Looking further ahead, the company is expected to report revenue of $910.38M at an EPS of $1.7 for Mar 2021. The estimates represent upside of 8.60% and 13.60% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
SWKS Earnings Estimates For The Current Year
For the financial year, Skyworks Solutions Inc. [NASDAQ:SWKS] is expected to bring in revenue of $3.94B. The returns are nearly $580.0 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 7.57, higher than that of FY20 by $1.44. Estimates put this year’s earnings growth at 23.50%, 13.60% for the next, and at an annual 12.45% over the next 5-year period. As for sales, forecasts are for an increase of 17.30% in the current fiscal year and a further 8.60% over the following year.