Skyworks Solutions, Inc. (NASDAQ:SWKS) Sees Significant Increase in Short Interest

Skyworks Solutions, Inc. (NASDAQ:SWKS) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 8,510,000 shares, an increase of 28.4% from the October 15th total of 6,630,000 shares. Currently, 5.4% of the shares of the company are sold short. Based on an average trading volume of 1,980,000 shares, the short-interest ratio is currently 4.3 days.

Analyst Ratings Changes

A number of research firms have recently commented on SWKS. Craig Hallum cut their price target on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Mizuho decreased their target price on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a report on Wednesday. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday. Finally, Stifel Nicolaus upped their price target on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $101.00.

Skyworks Solutions Trading Down 0.4 %

Skyworks Solutions stock traded down $0.31 during mid-day trading on Friday, hitting $83.69. The company’s stock had a trading volume of 3,278,939 shares, compared to its average volume of 2,401,136. The business has a 50 day moving average price of $95.14 and a 200-day moving average price of $100.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.01 and a quick ratio of 4.29. Skyworks Solutions has a 12 month low of $82.13 and a 12 month high of $120.86. The stock has a market cap of $13.37 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.53 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.95 EPS. As a group, analysts forecast that Skyworks Solutions will post 5.39 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.35%. Skyworks Solutions’s dividend payout ratio is currently 75.68%.

Insider Activity

In other news, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the completion of the transaction, the senior vice president now owns 15,960 shares in the company, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the transaction, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. This trade represents a 20.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,841 shares of company stock valued at $3,034,265 over the last three months. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of Skyworks Solutions

Large investors have recently modified their holdings of the business. Innealta Capital LLC bought a new stake in shares of Skyworks Solutions in the 2nd quarter worth approximately $27,000. Rothschild Investment LLC purchased a new position in Skyworks Solutions during the 2nd quarter valued at $27,000. Erste Asset Management GmbH bought a new position in Skyworks Solutions in the 3rd quarter worth $27,000. Investors Research Corp lifted its position in shares of Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 213 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Skyworks Solutions by 79.7% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after purchasing an additional 149 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.