Traders Purchase Large Volume of Skyworks Solutions Put Options (SWKS)
Shares of Skyworks Solutions (NASDAQ:SWKS) were the recipient of some unusual options trading on Friday. Investors acquired 2,518 put options on the stock, Stock Ratings News reports. This represents an increase of approximately 115% compared to the average daily volume of 1,173 put options.
In other Skyworks Solutions news, Director David J. Mclachlan unloaded 2,000 shares of Skyworks Solutions stock 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 filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on SWKS shares. 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 equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $55.76.
Shares of Skyworks Solutions (NASDAQ:SWKS) traded up 2.02% during mid-day trading on Friday, hitting $56.66. 3,071,029 shares of the company’s stock traded hands. Skyworks Solutions has a 1-year low of $23.27 and a 1-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 released its earnings data on Thursday, July 17th. The company reported $0.83 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue 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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