Skyworks Solutions, Inc (NASDAQ:SWKS) shares traded -0.68% lower at $69.03 on Wall Street last session.
SWKS stock price is now 7.02% away from the 50-day moving average and -16.65% away from the 200-day moving average. The market capitalization of the company currently stands at $10.36B.
On February 06, 2025, Stifel Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $105 to quote $62, while ‘Rosenblatt’ rates the stock as ‘Neutral’
In other news, BRACE PHILIP G, CEO and President bought 10,000 shares of the company’s stock on Feb 25 ’25. The stock was bought for $661,300 at an average price of $66.13. Upon completion of the transaction, the CEO and President now directly owns 10,000 shares in the company, valued at $0.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11 ’24, SVP, Gen. Counsel & Secretary TERRY ROBERT JOHN sold 10,522 shares of the business’s stock. A total of $926,090 was realized by selling the stock at an average price of $88.01. This leaves the insider owning 15,960 shares of the company worth $1.1 million. A total of 0.42% of the company’s stock is owned by insiders.
During the past 12 months, Skyworks Solutions, Inc has had a low of $47.93 and a high of $120.86. As of last week, the company has a debt-to-equity ratio of 0.20, a current ratio of 4.95, and a quick ratio of 3.84.
The net profit margin was 10.43% and return on equity was 6.70% for SWKS. The company reported revenue of $953.2 million for the quarter, compared to $1.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.87 percent.
