Skyworks Solutions (SWKS) Weak In Early Morning Trading - TheStreet

Trade-Ideas LLC identified

Skyworks Solutions

(

SWKS

) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Skyworks Solutions as such a stock due to the following factors:

  • SWKS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $296.9 million.
  • SWKS traded 44,917 shares today in the pre-market hours as of 8:35 AM.
  • SWKS is down 4.8% today from yesterday's close.

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More details on SWKS:

Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets analog and mixed signal semiconductors worldwide. The stock currently has a dividend yield of 1.3%. SWKS has a PE ratio of 2. Currently there are 15 analysts that rate Skyworks Solutions a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Skyworks Solutions has been 4.5 million shares per day over the past 30 days. Skyworks has a market cap of $14.9 billion and is part of the technology sector and electronics industry. The stock has a beta of 0.93 and a short float of 7.5% with 3.56 days to cover. Shares are up 5% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Skyworks Solutions as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 13.4%. Since the same quarter one year prior, revenues rose by 38.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • SWKS has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 4.66, which clearly demonstrates the ability to cover short-term cash needs.
  • Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. When compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, SKYWORKS SOLUTIONS INC's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
  • The gross profit margin for SKYWORKS SOLUTIONS INC is rather high; currently it is at 53.70%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 25.60% is above that of the industry average.
  • Net operating cash flow has increased to $221.90 million or 11.50% when compared to the same quarter last year. In addition, SKYWORKS SOLUTIONS INC has also vastly surpassed the industry average cash flow growth rate of -84.30%.

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