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 0.7%. By the end of trading, Skyworks Solutions rose 39 cents (1.8%) to $21.56 on average volume. Throughout the day, 6.6 million shares of Skyworks Solutions exchanged hands as compared to its average daily volume of 4.4 million shares. The stock ranged in a price between $21.15-$21.84 after having opened the day at $21.15 as compared to the previous trading day's close of $21.17. Other companies within the Technology sector that increased today were: MERU Networks ( MERU), up 41.7%, Alvarion ( ALVR), up 29.9%, Hutchinson Technology ( HTCH), up 23.1%, and Digital Power Corporation ( DPW), up 15.4%.
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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 $4.14 billion and is part of the electronics industry. The company has a P/E ratio of 20.3, above the S&P 500 P/E ratio of 17.7. Shares are up 5% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Skyworks Solutions a buy, no analysts rate it a sell, and five 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 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, Velti ( VELT), down 25.2%, Renewable Energy Trade Board ( EBOD), down 23.8%, Key Tronic Corporation ( KTCC), down 18.4%, and CEVA ( CEVA), down 13.3%, were all laggards within the technology sector with Intuit ( INTU) 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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