$SWKS jumps 5.49% to $59 bulls eye $60 resistance
$Skyworks Solutions(SWKS)$
Skyworks Solutions(SWKS) Jumps +5.49%: Breakout Momentum Tests $60 Resistance, Eyes Higher Ground
Latest Close Data
Closed at $59.00 on Feb 4, 2026, up +5.49% (+$3.07). Currently sits 35.1% below its 52-week high of $90.90.
Core Market Drivers
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The rally appears driven by a broader rotation into undervalued semiconductor names with strong dividends.
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Skyworks' attractive 4.76% yield and low forward P/E are drawing income-focused investors amidst market volatility.
Technical Analysis
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Volume surged to 8.48M shares (Volume Ratio 1.41), confirming the bullish move.
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The MACD (DIF: -1.80, DEA: -1.96) has just flashed a bullish crossover with a positive histogram (+0.32), signaling strengthening momentum.
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The 6-day RSI (59.07) has broken above 50 from oversold levels, indicating a shift from bearish to bullish short-term momentum.
Key Price Levels
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Primary Support: $55.72 (Recent swing low).
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Strong Resistance: $60.00 (Today's high & psychological level).
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Immediate Pivot: $58.62 (Previous resistance, now acting as support).
Valuation Perspective
Forward P/E of 12.21 is significantly below its historical average of 15.03 and the -1 Standard Deviation band (13.27), suggesting the stock is deeply undervalued relative to its own history.
Analyst Targets
19 analysts have an average price target of $71.97, implying ~22% upside. Sentiment is cautious but improving, with 6 Buy, 21 Hold, and 1 Underperform ratings.
Weekly Outlook
Expect consolidation between $58.62 and $60.00. A decisive close above $60 could propel the stock towards the $62-$65 zone. Failure to hold $58 may see a retest of the $55.72 support.
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