SWKS Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Skyworks Solutions Inc. (SWKS) has shown recent strength, closing at $72.61 on Friday, up 8.49% from the previous day. However, the stock remains 39.92% below its 52-week high of $120.86, indicating long-term downward pressure. The Relative Strength Index (RSI) for SWKS is at 52.18, suggesting the stock is not yet oversold but is in a lower range. The MACD is currently at -3.38, indicating bearish momentum. The stock is trading below its 20, 50, and 200-day moving averages, which are all bearish signals. The Bollinger Bands show the stock approaching the lower band, potentially signaling a bounce.
Fundamental Analysis:
Skyworks has attractive valuation metrics, with a price-to-book ratio of 1.7 and a dividend yield of 4.20%. Insider buying, including a $661,300 investment by the CEO, suggests confidence in the company's future. However, the stock faces challenges, including a significant decline in revenue expectations due to lost content with Apple, which could impact future growth.
News and Event Impact:
The loss of content with Apple, a major customer, is expected to cause a mid-to-high teens percentage decline in revenue. Analysts have lowered their price targets, with an average target of $71.61, reflecting concerns about the company's growth prospects.
Fibonacci Levels:
The stock is approaching the S1 support level at 64.57. If this level is breached, the next support at 62.49 could be tested. The R1 resistance level is at 71.33, which may act as a target if the stock experiences a bounce.
Conclusion:
Given the bearish technical indicators and negative news regarding Apple content loss, SWKS is expected to face downward pressure. The stock may test the lower support levels next week, potentially ranging between $64.50 and $66.50.
Recommendation: Sell or avoid buying SWKS in the next trading week due to the bearish technicals and negative news impact.
SWKS Similar Chart Price Prediction
The price of SWKS is predicted to go up -8.33%, based on the high correlation periods with BCTX. The similarity of these two price pattern on the periods is 99.23%.
SWKS
BCTX
Down: -8.33%Similarity: 99.23%
SWKS Revenue Forecast
SWKS EPS Forecast
SWKS FAQs
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SWKS VS S&P500
Skyworks should continue to see higher dollar content per phone as customers in developed and emerging markets shift away from basic handsets toward more complex 4G and 5G smartphones.
4G and 5G networks use many different spectrum frequencies, which require more complex antenna and signal technology, allowing Skyworks to sell higher-value, more advanced RF content into smartphones and tablets.
As more and more devices become connected to the internet via cellular networks, Skyworks may continue to find new industries that may require additional RF chip content.
SWKS Analyst's Forecast
Vivek Arya
B of A Securities
Sell
2025-02-06
Price Target
$88 → $60
Downside
-8.54%
Craig-Hallum lowered the firm's price target on Skyworks (SWKS) to $85 from $105 and keeps a Buy rating on the shares. The firm continues to believe Skyworks is well positioned long-term with the expected growth in AIenabled smartphones, but thinks investors can pick their spots as content losses with Apple (AAPL) reset estimates moving forward. Management noted they expect Apple content to decrease 20%-25% for FY25 as competition has heightened. Craig-Hallum believes Skyworks lost content to Broadcom (AVGO).
Atif Malik
Citigroup
Strong Sell
2025-01-10
Price Target
$72 → $84
Downside
-6.87%
Atif Malik
Citigroup
Strong Sell
2024-11-13
Price Target
$83 → $72
Downside
-13.44%
