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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 up 0.1%. By the end of trading, Skyworks Solutions fell 53 cents (-2.3%) to $22.84 on light volume. Throughout the day, 3.5 million shares of Skyworks Solutions exchanged hands as compared to its average daily volume of 5.4 million shares. The stock ranged in price between $22.64-$23.50 after having opened the day at $23.44 as compared to the previous trading day's close of $23.37. Other companies within the Technology sector that declined today were: Dataram Corporation ( DRAM), down 12.9%, Vitesse Semiconductor ( VTSS), down 12.9%, Dynasil Corporation of America ( DYSL), down 10.9%, and Wireless Ronin Technologies ( RNIN), down 10.9%.

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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 $4.57 billion and is part of the electronics industry. The company has a P/E ratio of 22.4, above the S&P 500 P/E ratio of 17.7. Shares are up 44.9% year to date as of the close of trading on Thursday. Currently there are 14 analysts that rate Skyworks Solutions a buy, no analysts rate it a sell, and four 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, attractive valuation levels, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Kingtone Wirelessinfo Solution ( KONE), up 23.6%, Dialogic ( DLGC), up 23%, Groupon ( GRPN), up 23%, and Uni-pixel ( UNXL), up 18%, were all gainers within the technology sector with NetApp ( NTAP) being today's featured technology sector leader.

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).

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