In today’s recent session, 0.49 million shares of the Skyworks Solutions, Inc (NASDAQ:SWKS) have been traded, and its beta is 1.20. Most recently the company’s share price was $56.41, and it changed around -$0.99 or -1.72% from the last close, which brings the market valuation of the company to $8.66B. SWKS at last check was trading at a discount to its 52-week high of $120.86, offering almost -114.25% off that amount. The share price’s 52-week low was $47.93, which indicates that the recent value has risen by an impressive 15.03% since then. We note from Skyworks Solutions, Inc’s average daily trading volume that its 10-day average is 5.78 million shares, with the 3-month average coming to 4.04 million.
Skyworks Solutions, Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.07. If we narrow it down even further, the data shows that 1 out of 29 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 22 recommended SWKS as a Hold, whereas 2 deemed it a Buy, and 3 rated it as Underweight. Skyworks Solutions, Inc is expected to report earnings per share of 1.2 for the current quarter.
Skyworks Solutions, Inc (NASDAQ:SWKS) trade information
Instantly SWKS has been showing red trend so far today with a performance of -1.72% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 58.92 on recent trading dayincreased the stock’s daily price by 4.26%. The company’s shares are currently down -36.39% year-to-date, but still down -6.40% over the last five days. On the other hand, Skyworks Solutions, Inc (NASDAQ:SWKS) is -20.41% down in the 30-day period. We can see from the shorts that 14.53 million shares have been sold at a short interest cover period of 3.83 day(s).
The consensus price target as assigned by Wall Street analysts is $90, which translates to bulls needing to increase their stock price by 37.32% from its current value. Analyst projections state that SWKS is forecast to be at a low of $85 and a high of $105.
Skyworks Solutions, Inc (SWKS) estimates and forecasts
The year-over-year growth rate is expected to be -8.47%, down from the previous year.
Consensus estimates provided by 21 financial analysts predict the company will bring in an average of 951.5M in revenue for the current quarter. 21 analysts expect Skyworks Solutions, Inc to make 918.16M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.05B and 905.5M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -9.03%. Forecasts for the next quarter put sales growth at 1.40%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -5.48%. Skyworks Solutions, Inc earnings are expected to increase by -23.31% in 2025, but the outlook is negative -4.63% per year for the next five years.
SWKS Dividends
Skyworks Solutions, Inc’s next quarterly earnings report is expected to be released on 2025-Feb-04. The annual dividend yield of the stock is 4.93 percent and its annual dividend per share was 2.78. It is important to note, however, that the 4.93% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.07 per year.
Skyworks Solutions, Inc (NASDAQ:SWKS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.42% of Skyworks Solutions, Inc shares, and 101.76% of them are in the hands of institutional investors. The stock currently has a share float of 102.19%. Skyworks Solutions, Inc stock is held by 1184.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 12.204% of the shares, which is about 19.58 million shares worth $2.09 billion.
BLACKROCK INC., with 9.8392% or 15.78 million shares worth $1.68 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Pacer Funds Trust-Pacer US Cash Cows 100 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 5.01 shares worth $282.47 million, making up 3.19% of all outstanding shares. On the other hand, Pacer Funds Trust-Pacer US Cash Cows 100 ETF held roughly 4.36 shares worth around $245.87 million, which represents about 2.78% of the total shares outstanding.
