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

Correction: A previous version of this article incorrectly indicated Skyworks' stockclosed lower.

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) rose 29 cents (1.2%) to $22.88 on average daily volume of 2.8 million shares.

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Skyworks Solutions, Inc., together with its subsidiaries, offers analog and mixed signal semiconductors worldwide. 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.

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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