Traders Buy High Volume of Skyworks Solutions Put Options (NASDAQ:SWKS)
Skyworks Solutions, Inc. (NASDAQ:SWKS) saw unusually large options trading on Thursday. Traders acquired 6,281 put options on the stock. This represents an increase of approximately 212% compared to the average daily volume of 2,012 put options.
Several brokerages have commented on SWKS. B. Riley restated a “buy” rating and issued a $120.00 target price on shares of Skyworks Solutions in a research note on Wednesday, May 3rd. Argus began coverage on Skyworks Solutions in a research note on Thursday. They issued a “buy” rating and a $120.00 target price for the company. Vetr downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and set a $101.62 target price for the company. in a research note on Monday, April 3rd. Raymond James Financial, Inc. restated an “outperform” rating and issued a $120.00 target price on shares of Skyworks Solutions in a research note on Friday, June 16th. Finally, BidaskClub downgraded Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $102.11.
Skyworks Solutions (NASDAQ:SWKS) opened at 99.70 on Friday. The stock has a market capitalization of $18.40 billion, a PE ratio of 20.55 and a beta of 0.81. The company’s 50 day moving average price is $104.22 and its 200-day moving average price is $94.94. Skyworks Solutions has a one year low of $57.19 and a one year high of $112.11.
Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Thursday, April 27th. The semiconductor manufacturer reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.03. The company had revenue of $851.70 million for the quarter, compared to the consensus estimate of $840.43 million. Skyworks Solutions had a return on equity of 28.00% and a net margin of 27.27%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 earnings per share. Analysts expect that Skyworks Solutions will post $6.32 earnings per share for the current year.
In other news, Director Christine King sold 3,500 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $108.84, for a total transaction of $380,940.00. Following the completion of the transaction, the director now owns 16,436 shares in the company, valued at approximately $1,788,894.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter L. Gammel sold 1,500 shares of the stock in a transaction on Monday, April 17th. The stock was sold at an average price of $97.92, for a total value of $146,880.00. Following the transaction, the insider now owns 17,605 shares of the company’s stock, valued at approximately $1,723,881.60. The disclosure for this sale can be found here. Insiders have sold a total of 94,958 shares of company stock valued at $9,658,971 in the last quarter. 0.49% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Invictus RG purchased a new stake in Skyworks Solutions during the first quarter worth approximately $101,000. Winslow Evans & Crocker Inc. increased its stake in Skyworks Solutions by 5.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock worth $103,000 after buying an additional 50 shares in the last quarter. Tompkins Financial Corp purchased a new stake in Skyworks Solutions during the first quarter worth approximately $107,000. WFG Advisors LP increased its stake in Skyworks Solutions by 18.6% in the first quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock worth $113,000 after buying an additional 181 shares in the last quarter. Finally, TrimTabs Asset Management LLC increased its stake in shares of Skyworks Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock worth $138,000 after buying an additional 664 shares during the period. Institutional investors own 81.30% of the company’s stock.
Skyworks Solutions Company Profile
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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