Skyworks Solutions, Inc. (SWKS) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Skyworks Solutions, Inc. (SWKS), headquartered in Irvine, California, is a prominent player in the semiconductor industry, focusing on the design, development, manufacture, and marketing of critical components such as amplifiers and filters. Established in 1962, Skyworks serves diverse markets, including aerospace, automotive, and telecommunications, with its products integral to applications in smartphones, gaming, and industrial technology. The company’s robust global presence and extensive distribution channels present appealing investment opportunities amid a rapidly changing semiconductor landscape.
Current Market Position and Financial Performance
Skyworks Solutions reported approximately $4.37 billion in total revenue, reflecting solid financial performance. With a stock price currently at $97.76, analysts are recommending a “hold” on shares, suggesting that investors maintain their current positions rather than actively buying or selling. The stock has a target high price of $140.00 and a target mean price of around $115.83, indicating notable growth potential despite the caution advised in their recommendations. Additionally, with 159,716,000 shares outstanding and roughly 4.62% of shares sold short (6,487,518 shares), there is a moderate level of bearish sentiment, yet overall confidence in the stock remains stable.
Price Trends and Analysts’ Insights
The stock is currently trading below its fifty-two week high of $120.86, suggesting possible undervaluation. Meanwhile, its fifty-two week low stands at $85.06, indicating a steady upward trend since hitting this low. The fifty-day average price is approximately $106.78, illustrating that the current price lags behind this average. Analysts have issued a mean recommendation of 2.8 based on a balanced outlook, supported by 19 analyst opinions. This data points to a careful approach for investors, highlighting the importance of monitoring market conditions and developments in the semiconductor sector.
In conclusion, while the semiconductor industry suggests a cautious outlook given the current “hold” recommendation, the potential for growth as indicated by Skyworks Solutions’ financial metrics and analyst projections warrants close attention from investors.
| Metric | Value |
|---|---|
| Market Cap | $15.6b |
| Total Debt | $1.2b |
| Total Cash | $1.3b |
| Shares Outstanding | 159.7m |
| Float Shares | 159.0m |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.