Skyworks Rises On Unusually High Volume (SWKS)

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

NEW YORK ( TheStreet) -- Skyworks Solutions (Nasdaq: SWKS) is trading at unusually high volume Friday with 15.5 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $1.16 (+4.8%) at $25.19 as of 12:56 p.m. ET.

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Skyworks has a market cap of $5.63 billion and is part of the technology sector and electronics industry. Shares are up 81.8% year to date as of the close of trading on Thursday.

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 27.3, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Skyworks Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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