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

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 higher today making it today's featured technology winner. The sector as a whole closed the day down 0.3%. By the end of trading, Skyworks Solutions rose 39 cents (1.9%) to $21.05 on light volume. Throughout the day, 3.8 million shares of Skyworks Solutions exchanged hands as compared to its average daily volume of 5.2 million shares. The stock ranged in a price between $20.38-$21.09 after having opened the day at $20.64 as compared to the previous trading day's close of $20.66. Other companies within the Technology sector that increased today were: Remark Media ( MARK), up 25.6%, Aetrium Incorporated ( ATRM), up 24.5%, Eltek ( ELTK), up 19.8%, and Enphase Energy ( ENPH), up 16.7%.
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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 $3.78 billion and is part of the electronics industry. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7. Shares are up 22.2% year to date as of the close of trading on Monday. 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, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Superconductor Technologies ( SCON), down 34.2%, Digital Power Corporation ( DPW), down 28.3%, Spire Corporation ( SPIR), down 18.4%, and Hewlett-Packard ( HPQ), down 11.9%, were all laggards within the technology sector with Infosys ( INFY) being today's technology sector laggard.

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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