Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Skyworks Solutions Inc (NASDAQ: SWKS) improved during the last several trading days. SWKS’ current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Skyworks Solutions Inc (NASDAQ: SWKS) stock declined modestly by -1.7% on 9/20/24. The stock closed at $97.76. Moreover, this decline was accompanied by exceptionally high trading volume at 201% of normal. The stock has performed in line with the market over the last nine months and has declined -2.7% during the last week.
Current PriceTarget Research Rating
SWKS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Skyworks Solutions has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Skyworks Solutions has a neutral Appreciation Score of 47 and a slightly negative Power Rating of 39, triggering the Low Neutral Value Trend Rating.
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