SWKS Stock Summary and Trading Ideas (Skyworks Solutions | NASDAQ:SWKS)

Skyworks Solutions produces semiconductors for wireless handsets and other devices that are used to enable wireless connectivity. Its main products include power amplifiers, filters, switches, and integrated front-end modules that support wireless transmissions. Skyworks' customers are mostly large smartphone manufacturers, but the firm also has a growing presence in nonhandset applications such as wireless routers, medical devices, and automobiles.

Skyworks Solutions trades on the NASDAQ stock market under the symbol SWKS.

As of April 23, 2024, SWKS stock price climbed to $99.30 with 1,734,053 million shares trading.

SWKS has a beta of 1.54, meaning it tends to be more sensitive to market movements. SWKS has a correlation of 0.45 to the broad based SPY ETF.

SWKS has a market cap of $15.91 billion. This is considered a Large Cap stock.

Last quarter Skyworks Solutions reported $1 billion in Revenue and $1.97 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.02.

In the last 3 years, SWKS stock traded as high as $204.00 and as low as $76.16.

The top ETF exchange traded funds that SWKS belongs to (by Net Assets): VTI, VOO, VO, SCHD, COWZ.

SWKS has underperformed the market in the last year with a price return of -4.5% while the SPY ETF gained +24.3%. SWKS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.9% and -7.1%, respectively, while the SPY returned +4.6% and -2.6%, respectively.

SWKS support price is $96.30 and resistance is $99.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SWKS stock will trade within this expected range on the day.