The stock of Skyworks Solutions Inc (NASDAQ:SWKS) is a huge mover today! About 2.79 million shares traded hands. Skyworks Solutions Inc (NASDAQ:SWKS) has risen 14.65% since March 8, 2016 and is uptrending. It has outperformed by 5.33% the S&P500.
The move comes after 7 months positive chart setup for the $14.99 billion company. It was reported on Oct, 11 by Barchart.com. We have $109.24 PT which if reached, will make NASDAQ:SWKS worth $5.70B 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 $251.79 million for 14.88 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 52 analyst reports since July 27, 2015 according to StockzIntelligence Inc. On Friday, January 8 the stock rating was maintained by Canaccord Genuity with “Buy”. CLSA initiated the shares of SWKS in a report on Wednesday, May 25 with “Underperform” rating. Mizuho maintained Skyworks Solutions Inc (NASDAQ:SWKS) on Friday, July 24 with “Buy” rating. The rating was maintained by Topeka Capital Markets with “Buy” on Friday, April 29. The company was maintained on Friday, July 24 by Ascendiant Capital Markets. As per Wednesday, February 3, the company rating was upgraded by Goldman Sachs. Charter Equity upgraded the shares of SWKS in a report on Wednesday, September 23 to “Strong Buy” rating. The firm has “Buy” rating given on Friday, April 29 by Craig Hallum. The firm has “Outperform” rating given on Tuesday, September 1 by CLSA. Craig Hallum maintained Skyworks Solutions Inc (NASDAQ:SWKS) on Thursday, January 14 with “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 worsened, 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.
Ubs Asset Americas has 1.08 million shares for 0.08% of their US portfolio. Cambridge Inv Rech Advsr holds 0.03% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS) for 19,402 shares. Nicholas Invest Prtn Limited Partnership last reported 0.32% of its portfolio in the stock. Voya Invest Management Ltd Com owns 128,888 shares or 0.02% of their US portfolio. Manufacturers Life Company The, a Ontario – Canada-based fund reported 221,513 shares. Moreover, Caisse De Depot Et Placement Du Quebec has 0.01% invested in Skyworks Solutions Inc (NASDAQ:SWKS) for 49,176 shares. Diam Ltd last reported 0.02% of its portfolio in the stock. Atwood & Palmer Incorporated last reported 351 shares in the company. United Services Automobile Association holds 0.08% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS) for 368,342 shares. Pitcairn last reported 7,531 shares in the company. Sarbit Advisory Services reported 1.04M shares or 12.95% of all its holdings. Ccm Invest Advisers Limited Co accumulated 43,680 shares or 0.26% of the stock. Spot Trading Limited Liability, a Illinois-based fund reported 15,364 shares. Connor Clark And Lunn Inv Management Limited holds 0% or 6,100 shares in its portfolio. Proshare Limited Liability Co, a Maryland-based fund reported 92,996 shares.
Insider Transactions: Since April 12, 2016, the stock had 0 insider purchases, and 18 selling transactions for $15.06 million net activity. ALDRICH DAVID J sold $1.00 million worth of stock or 15,000 shares. Tremallo Mark V B had sold 17,100 shares worth $1.31 million. Another trade for 3,221 shares valued at $241,575 was made by FREYMAN BRUCE J on Monday, August 29. Another trade for 5,000 shares valued at $374,350 was made by FUREY TIMOTHY R on Thursday, September 1. On Friday, April 15 GAMMEL PETER L sold $114,960 worth of the stock or 1,500 shares. 2,650 Skyworks Solutions Inc (NASDAQ:SWKS) shares with value of $198,326 were sold by GASPARINI LAURA A. The insider GRIFFIN LIAM sold $188,200.
Another recent and important Skyworks Solutions Inc (NASDAQ:SWKS) news was published by Businesswire.com which published an article titled: “Skyworks Sets Date for Fourth Quarter and Fiscal Year 2016 Earnings Release …” on October 10, 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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