The stock of Skyworks Solutions Inc (NASDAQ:SWKS) is a huge mover today! The stock increased 3.93% or $2.88 during the last trading session, hitting $76.14. About 4.11 million shares traded hands or 23.80% up from the average. Skyworks Solutions Inc (NASDAQ:SWKS) has risen 12.88% since February 26, 2016 and is uptrending. It has outperformed by 2.46% the S&P500.
The move comes after 8 months positive chart setup for the $14.08 billion company. It was reported on Oct, 1 by Barchart.com. We have $92.13 PT which if reached, will make NASDAQ:SWKS worth $2.96 billion more.
Analysts await Skyworks Solutions Inc (NASDAQ:SWKS) to report earnings on November, 3. They expect $1.33 earnings per share, down 4.32% or $0.06 from last year’s $1.39 per share. SWKS’s profit will be $245.95 million for 14.31 P/E if the $1.33 EPS becomes a reality. After $1.15 actual earnings per share reported by Skyworks Solutions Inc for the previous quarter, Wall Street now forecasts 15.65% EPS growth.
Skyworks Solutions Inc (NASDAQ:SWKS) Ratings Coverage
Out of 25 analysts covering Skyworks Solutions Inc. (NASDAQ:SWKS), 21 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 84% are positive. Skyworks Solutions Inc. has been the topic of 51 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, January 29 by Oppenheimer. Mizuho maintained Skyworks Solutions Inc (NASDAQ:SWKS) rating on Friday, July 24. Mizuho has “Buy” rating and $120 price target. The firm has “Market Perform” rating given on Friday, July 22 by Cowen & Co. Topeka Capital Markets maintained the shares of SWKS in a report on Tuesday, October 6 with “Buy” rating. Chardan Capital Markets initiated the stock with “Buy” rating in Thursday, December 17 report. The rating was upgraded by CLSA to “Outperform” on Tuesday, August 9. The firm has “Underweight” rating by Morgan Stanley given on Monday, June 27. The rating was maintained by Canaccord Genuity with “Buy” on Friday, January 8. Citigroup initiated Skyworks Solutions Inc (NASDAQ:SWKS) on Thursday, October 1 with “Buy” rating. Needham upgraded Skyworks Solutions Inc (NASDAQ:SWKS) on Tuesday, January 19 to “Buy” rating.
According to Zacks Investment Research, “Skyworks Solutions, Inc. is the industry’s leading wireless semiconductor company focused on radio frequency (RF) and complete semiconductor system solutions for mobile communications applications.”
Insitutional Activity: The institutional sentiment decreased to 0.66 in 2016 Q2. Its down 0.30, from 0.96 in 2016Q1. The ratio is negative, as 97 funds sold all Skyworks Solutions Inc shares owned while 239 reduced positions. 47 funds bought stakes while 174 increased positions. They now own 141.77 million shares or 4.99% less from 149.22 million shares in 2016Q1.
New England Inv And Retirement Grp Inc accumulated 0.62% or 16,662 shares. Fort Washington Invest Oh accumulated 0.01% or 5,468 shares. Sit Inv Assoc last reported 0.46% of its portfolio in the stock. Nicholas Investment Ltd Partnership holds 73,299 shares or 0.32% of its portfolio. Fin Services Corporation accumulated 0.17% or 4,610 shares. Parallax Volatility Advisers Limited Partnership last reported 1,096 shares in the company. Allianz Asset Mngmt Ag holds 0.02% or 549,102 shares in its portfolio. Signaturefd Llc, a Georgia-based fund reported 151 shares. Shinko Asset Communication Ltd has 537 shares for 0% of their US portfolio. Hsbc Public Ltd Company, a United Kingdom-based fund reported 157,379 shares. Loring Wolcott Coolidge Fiduciary Llp Ma last reported 635 shares in the company. White Pine Capital Limited Liability Corp last reported 0.81% of its portfolio in the stock. Goelzer Invest Management Inc holds 0.36% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS) for 41,387 shares. Strs Ohio holds 0% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS) for 12,153 shares. Connor Clark And Lunn Invest Management Ltd holds 6,100 shares or 0% of its portfolio.
Insider Transactions: Since March 31, 2016, the stock had 0 insider purchases, and 21 insider sales for $17.63 million net activity. GAMMEL PETER L sold 1,500 shares worth $114,960. ALDRICH DAVID J sold $964,940 worth of Skyworks Solutions Inc (NASDAQ:SWKS) on Tuesday, May 10. $581,853 worth of shares were sold by Tremallo Mark V B on Tuesday, September 20. On Thursday, April 14 GRIFFIN LIAM sold $188,200 worth of the stock or 2,500 shares. GASPARINI LAURA A also sold $198,326 worth of Skyworks Solutions Inc (NASDAQ:SWKS) shares. The insider FUREY TIMOTHY R sold 5,000 shares worth $374,350. PALETTE DONALD W sold 18,686 shares worth $1.42 million.
Another recent and important Skyworks Solutions Inc (NASDAQ:SWKS) news was published by Seekingalpha.com which published an article titled: “When Will The Tide Turn For Skyworks Solutions?” on September 30, 2016.
SWKS Company Profile
Skyworks Solutions Inc., incorporated on June 10, 2002, is engaged in the production of analog semiconductors. The Firm supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure RF subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.
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