The stock of Skyworks Solutions Inc (NASDAQ:SWKS) is a huge mover today! About 1.25 million shares traded hands. Skyworks Solutions Inc (NASDAQ:SWKS) has declined 0.21% since April 11, 2016 and is downtrending. It has underperformed by 6.36% the S&P500.
The move comes after 6 months positive chart setup for the $13.62 billion company. It was reported on Nov, 11 by Barchart.com. We have $112.94 PT which if reached, will make NASDAQ:SWKS worth $7.08B more.
Skyworks Solutions Inc (NASDAQ:SWKS) Ratings Coverage
Out of 26 analysts covering Skyworks Solutions Inc. (NASDAQ:SWKS), 22 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 85% are positive. Skyworks Solutions Inc. has been the topic of 55 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, July 24 by Mizuho. JP Morgan initiated Skyworks Solutions Inc (NASDAQ:SWKS) on Monday, October 24 with “Neutral” rating. The company was maintained on Friday, January 29 by Needham. On Monday, June 27 the stock rating was initiated by Morgan Stanley with “Underweight”. The firm has “Outperform” rating given on Tuesday, September 1 by CLSA. Brean Capital maintained the stock with “Buy” rating in Friday, July 24 report. The stock of Skyworks Solutions Inc (NASDAQ:SWKS) earned “Strong Buy” rating by Charter Equity on Wednesday, September 23. The firm has “Overweight” rating given on Monday, January 4 by Barclays Capital. On Wednesday, February 3 the stock rating was upgraded by Goldman Sachs to “Buy”. As per Friday, January 29, the company rating was maintained by Craig Hallum.
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 dived, 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.
Aqr Mgmt Lc reported 310,440 shares or 0.03% of all its holdings. Eqis Cap Mgmt Inc holds 0.05% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS) for 11,756 shares. Diam Limited accumulated 0.02% or 22,679 shares. Deere & holds 8,558 shares or 0.03% of its portfolio. Raymond James Fincl Advsr has 133,983 shares for 0.08% of their US portfolio. New England Rech & Inc last reported 0.32% of its portfolio in the stock. Citadel Advsr Limited Co has invested 0.26% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS). Rafferty Asset Mgmt Lc, a New York-based fund reported 34,911 shares. Ontario Teachers Pension Plan Board last reported 8,523 shares in the company. Ahl Prtn Limited Liability Partnership holds 7,861 shares or 0.03% of its portfolio. Oregon Employees Retirement Fund owns 34,762 shares or 0.05% of their US portfolio. Nationwide Fund reported 53,673 shares or 0.01% of all its holdings. Proshare Advisors last reported 0.08% of its portfolio in the stock. Coe Capital Ltd Llc holds 0% or 14,463 shares in its portfolio. Bessemer Grp last reported 140 shares in the company.
Insider Transactions: Since May 17, 2016, the stock had 0 buys, and 13 insider sales for $12.32 million net activity. $581,853 worth of Skyworks Solutions Inc (NASDAQ:SWKS) was sold by Tremallo Mark V B on Tuesday, September 20. On Tuesday, June 7 ALDRICH DAVID J sold $1.01M worth of the stock or 15,000 shares. FREYMAN BRUCE J sold $241,575 worth of stock or 3,221 shares. 2,650 Skyworks Solutions Inc (NASDAQ:SWKS) shares with value of $198,326 were sold by GASPARINI LAURA A. FUREY TIMOTHY R had sold 5,000 shares worth $374,350.
More recent Skyworks Solutions Inc (NASDAQ:SWKS) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Southside Bancshares, Realogy Holdings and Skyworks …” on November 11, 2016. Also Benzinga.com published the news titled: “10 Stocks That Rallied Four Days, Then Sold Off Yesterday” on November 11, 2016. Streetinsider.com‘s news article titled: “Form 4 SKYWORKS SOLUTIONS, INC. For: Nov 09 Filed by: Sennesael Kris” with publication date: November 11, 2016 was also an interesting one.
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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