Skyworks Solutions Inc. (SWKS): Today's Featured Technology Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Skyworks Solutions (SWKS) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 1.2%. By the end of trading, Skyworks Solutions fell $4.13 (-17.1%) to $19.95 on heavy volume. Throughout the day, 17.2 million shares of Skyworks Solutions exchanged hands as compared to its average daily volume of 4.8 million shares. The stock ranged in price between $19.75-$22.63 after having opened the day at $22.41 as compared to the previous trading day's close of $24.08. Other companies within the Technology sector that declined today were: Active Network (ACTV), down 41.7%, Glu Mobile (GLUU), down 21.5%, NTS (NTS), down 17.6%, and Blucora (BCOR), down 16.9%.

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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. Skyworks Solutions has a market cap of $4.46 billion and is part of the electronics industry. The company has a P/E ratio of 21.7, above the S&P 500 P/E ratio of 17.7. Shares are up 44.2% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Skyworks Solutions a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Skyworks Solutions 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.

On the positive front, Sequans Communications SA ADR (SQNS), up 24.6%, Suntech Power Holdings (STP), up 21.9%, TripAdvisor (TRIP), up 19.4%, and Bitauto Holdings (BITA), up 17.2%, were all gainers within the technology sector with Sprint Nextel (S) being today's featured technology sector leader.

• Use our technology section to find sector-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR (XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology (REW).

• Find other investment ideas from our top rated ETFs lists.

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For more information on Skyworks Solutions Inc. click any of the following:

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• Skyworks Solutions Inc. Income Statement