Skyworks Stock Gaps Up On Today's Open (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) -- Shares of Skyworks Solutions (Nasdaq: SWKS) were gapping up Thursday morning with an open price 12.7% higher than Wednesday's closing price. The stock closed at $21.56 Wednesday and opened today's trading at $24.29.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The average volume for Skyworks has been 4.4 million shares per day over the past 30 days. Skyworks has a market cap of $4.14 billion and is part of the technology sector and electronics industry. Shares are up 4.3% year to date as of the close of trading on Wednesday.

Skyworks Solutions, Inc., together with its subsidiaries, offers analog and mixed signal semiconductors worldwide. The company has a P/E ratio of 20.2, 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, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Skyworks Ratings Report.

Get more investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

Watch Out For the Dominoes That Fall: Cramer's 'Mad Money' Recap (Wed 9/20/17)

Cramer: Dominoes Are in Play Today

Does Skyworks Have a Breakout Solution?

Semiconductors Poised to Benefit From New Apple iPhones

Bumpy Ride for Tech Stocks After Apple Unveils iPhone 8, iPhone X