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TheStreet Wire

Skyworks Reaches New 52-Week High (SWKS)

By TheStreet Wire 07/31/12 - 10:48 AM EDT

Find out if (SWKS) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Skyworks Solutions (Nasdaq:SWKS) hit a new 52-week high Tuesday as it is currently trading at $29.85, above its previous 52-week high of $29.75 with 2.5 million shares traded as of 10:25 a.m. ET. Average volume has been 4.3 million shares over the past 30 days.

Skyworks has a market cap of $5.33 billion and is part of the technology sector and electronics industry. Shares are up 71.6% year to date as of the close of trading on Monday.

Skyworks Solutions, Inc., together with its subsidiaries, offers analog and mixed signal semiconductors worldwide. The company provides power amplifiers and front-end solutions for cellular handsets from entry level to multimedia platforms, as well as smart phones. The company has a P/E ratio of 23.2, below the average electronics industry P/E ratio of 26 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Skyworks as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Skyworks Ratings Report.

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