Skyworks Solutions Sees Unusually High Options Volume (SWKS)
Skyworks Solutions (NASDAQ:SWKS) was the recipient of unusually large options trading on Friday. Stock traders acquired 5,572 call options on the company, Analyst RN reports. This represents an increase of approximately 121% compared to the typical volume of 2,524 call options.
In other Skyworks Solutions news, Director David J. Mclachlan sold 2,000 shares of Skyworks Solutions stock on the open market in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $55.53, for a total transaction of $111,060.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at DA Davidson raised their price target on shares of Skyworks Solutions from $65.00 to $70.00 in a research note on Friday. Separately, analysts at Canaccord Genuity raised their price target on shares of Skyworks Solutions from $55.00 to $62.00 in a research note on Tuesday, August 12th. They now have a “buy” rating on the stock. Finally, analysts at Pacific Crest reiterated an “outperform” rating on shares of Skyworks Solutions in a research note on Thursday, August 7th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.76.
Shares of Skyworks Solutions (NASDAQ:SWKS) traded up 2.02% on Friday, hitting $56.66. 3,070,889 shares of the company’s stock traded hands. Skyworks Solutions has a one year low of $23.27 and a one year high of $56.08. The stock’s 50-day moving average is $52.15 and its 200-day moving average is $43.29. The company has a market cap of $10.739 billion and a price-to-earnings ratio of 29.06.
Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, July 17th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $80.00 by $79.17. The company had revenue of $587.00 million for the quarter, compared to the consensus estimate of $570.37 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 34.6% on a year-over-year basis. Analysts expect that Skyworks Solutions will post $3.13 EPS for the current fiscal year.
Skyworks Solutions, Inc (NASDAQ:SWKS) is a producer of analog semiconductors.
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