Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) jumped 2.53% of the stock market on 01-28-2k19 (Thursday) to reach at $159.79 during previous trading session. The company has experienced volume of 3,866,812 shares while on average the company has a capacity of trading 2.12M share. Total volume is the number of shares or deals that point towards the overall activity of a security or market for a given period.
Shares of Skyworks Solutions gained by around 15% in Thursday’s extended market trading session after the semiconductor company posted record revenues in 1Q21.
The company’s revenue in 1Q jumped 69% to $1.5 billion year-on-year, beating analysts’ estimates of $1.06 billion. Skyworks (SWKS) recorded earnings of $3.36 per share that came in ahead of analysts’ expectations of $2.08 per share.
Skyworks CEO Liam K. Griffin said, “Skyworks delivered all-time record quarterly results, leveraging our expansive technology reach. Demand for our proven solutions continues to accelerate across a growing set of customers and end markets, powering the world’s most impactful use cases, from 5G mobile platforms to IoT, wireless infrastructure, autonomous transport and machine-to-machine installations.”
“Importantly, the multi-year wireless transition is now underway, creating a burgeoning set of new opportunities. With deep customer engagements, underpinned by decades of technology investments and scale, Skyworks is uniquely positioned to lead,” Griffin added.
Separately, the company also announced a share repurchase program worth $2 billion. Skyworks expects to fund the share repurchase through its working capital and as of Jan. 1, it had cash and marketable securities of $1 billion. The company will repurchase shares from time to time through Jan. 26, 2023. (See Skyworks Solutions stock analysis on TipRanks)
In the second quarter, Skyworks expects revenues to be between $1.1 billion and $1.2 billion. The company projects to post non-GAAP diluted earnings of $2.34 per share in 2Q.
Following the earnings results, Oppenheimer analyst Rick Schafer assigned a Hold rating on the stock.
“We attribute surprising upside to robust iPhone12 demand, where we estimate SWKS content up ~30%. Apple was a 70% customer in F1Q (from 60%). SWKS also accelerated Sky5 platform sales to Samsung and China ‘VOX’ OEMs [original equipment manufacturer],” Schafer wrote in a note to investors.
“We believe mgmt leveraged SWKS internal TC-SAW/BAW [surface acoustic wave and bulk acoustic wave] capacity to meet upside as demand signals strengthened into December. RF [Radio frequency] content/ complexity increases 5G/4G led by filters. We forecast 5G RF content CAGR of 10% over the next several years and see SWKS positioned to benefit.” the analyst added.
The rest of the Street is cautiously optimistic about the stock with a Moderate Buy consensus rating. That’s based on 13 analysts recommending a Buy and 7 analysts suggesting a Hold. The average analyst price target of $176.18 implies 10.3% upside potential to current levels.
Skyworks Solutions, Inc. (NASDAQ:SWKS) holds the market capitalization of $26.91B along with 166.70M outstanding shares. During the last trade, stock’s minimum price has been reached out at $157.61 while the maximum trading price moved at $162.91.
Earnings-per-Share (EPS) is the portion of a Skyworks Solutions, Inc. profit that is allocated to each outstanding share of its common stock. It is calculated by taking the difference between a company’s net income and dividends paid for preferred stock and then dividing that figure by the average number of shares outstanding.
The EPS of SWKS was strolling at 4.79, measuring its EPS growth this year at -2.90%. As a result, the company has an EPS growth of 14.58% for the coming year.
Presently the stock price is moving 135.33% off from the highest level of twelve months and -6.39% above from twelve months low.
Skyworks Solutions, Inc. (NASDAQ:SWKS) marked 52-week highest price level of $170.69 on Jan 27, 2021 and 52-week lowest price level of $67.90 on Jan 27, 2021.
As of current trade, Skyworks Solutions, Inc. (NASDAQ:SWKS) has shown weekly downbeat performance of -2.28%. Its six months performance indicated a bullish 17.11% movement while its yearly performance reflected a positive trend of 35.54%. Year-to-date (YTD) performance of the stock illustrate upbeat trend of 4.52%.
Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) currently have an ABR of 1.80, derived from a total of 20 opinions. The company’s price sits 6.47% above from its 50-day moving average of $154.29 and 17.22% above from the stock’s 200-day moving average of $14.53. The company has Relative Strength Index (RSI 14) of 53.65 along with Average True Range (ATR 14) of 5.57. Its weekly and monthly volatility is 3.35%, 3.30% respectively. The company’s beta value is at 1.19.
Skyworks Solutions, Inc. currently has a PEG ratio of 2.79 where as its P/E ratio is 33.35. The company’s price to sales ratio for trailing twelve months is 8.02 and price to book ratio for most recent quarter is 6.40, whereas price to cash per share for the most recent quarter is 27.60.
Skyworks Solutions, Inc. (NASDAQ:SWKS)’s price to free cash flow for trailing twelve months is 52.96. Its quick ratio for most recent quarter is 3.40 along with current ratio for most recent quarter of 5.20.
Total debt to equity ratio of the company for most recent quarter is 0.00 whereas long term debt to equity ratio for most recent quarter is 0.00.
Skyworks Solutions, Inc. (NASDAQ:SWKS) has a Return on Assets of 16.10%. The company currently has a Return on Equity of 19.50% and Return on Investment of 19.60%.