Skyworks Solutions Inc. (NASDAQ: SWKS) stock jumped 1.20% on Thursday to $99.98 against a previous-day closing price of $98.79. With 2.36 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.84 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $100.36 whereas the lowest price it dropped to was $96.90. The 52-week range on SWKS shows that it touched its highest point at $123.69 and its lowest point at $76.16 during that stretch. It currently has a 1-year price target of $118.68. With its current market cap of 15.98 billion, SWKS has annualized dividend of $2.48 while the current yield stands at 2.48%. Beta for the stock currently stands at 1.27.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SWKS was down-trending over the past week, with a drop of -2.09%, but this was down by -2.74% over a month. Three-month performance dropped to -10.83% while six-month performance rose 6.16%. The stock gained 0.10% in the past year, while it has gained 9.71% so far this year. A look at the trailing 12-month EPS for SWKS yields 6.92 with Next year EPS estimates of 9.18. For the next quarter, that number is 1.68. This implies an EPS growth rate of -13.00% for this year and 10.00% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.60%.
Float and Shares Shorts:
At present, 159.10 million SWKS shares are outstanding with a float of 158.33 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.45 million, which was 2.17% higher than short shares on Mar 30, 2023. In addition to Mr. Liam K. Griffin as the firm’s CEO, Pres & Chairman, Mr. Kris Sennesael serves as its Sr. VP & CFO.
Institutional Ownership:
Through their ownership of 80.28% of SWKS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 45.76% of SWKS, in contrast to 36.38% held by mutual funds. Shares owned by individuals account for 1.13%. As the largest shareholder in SWKS with 11.04% of the stake, The Vanguard Group, Inc. holds 17,547,369 shares worth 17,547,369. A second-largest stockholder of SWKS, BlackRock Fund Advisors, holds 9,589,753 shares, controlling over 6.03% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in SWKS, holding 7,677,613 shares or 4.83% stake. With a 3.10% stake in SWKS, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 4,934,715 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.35% of SWKS stock, is the second-largest Mutual Fund holder. It holds 3,731,455 shares valued at 395.16 million. Vanguard Mid Cap Index Fund holds 2.34% of the stake in SWKS, owning 3,711,442 shares worth 393.04 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, SWKS reported revenue of $1.23B and operating income of $327.90M. The EBITDA in the recently reported quarter was $490.40M and diluted EPS was $1.66.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SWKS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SWKS analysts setting a high price target of $188.00 and a low target of $93.00, the average target price over the next 12 months is $119.17. Based on these targets, SWKS could surge 88.04% to reach the target high and fall by -6.98% to reach the target low. Reaching the average price target will result in a growth of 19.19% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, SWKS has a current ratio of $2.48, which is $2.48 over the trailing 12-months, while a dividend of $1.85 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and SWKS currently yields $2.42. In the past year, SWKS’s dividend yield has been $2.42, but when looking at the stock over the past five years, its yield has been $1.67. Accordingly, SWKS has a current buyback yield of $2.59. This was $2.59 for the TTM, and it was $3.89 for the past five years.
Summary of Insider Activity:
Insiders traded SWKS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 40 while that of sell transactions has risen to 41 over the past year. The total number of shares bought during that period was 161,726 while 94,168 shares were sold.
