Skyworks Solutions Inc. (NASDAQ:SWKS) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 11,904,713 shares, a drop of 9.0% from the August 31st total of 13,086,647 shares. Approximately 6.4% of the shares of the company are sold short. Based on an average daily trading volume, of 4,436,740 shares, the short-interest ratio is currently 2.7 days.
Shares of Skyworks Solutions (NASDAQ:SWKS) opened at 74.27 on Thursday. The stock’s 50 day moving average price is $72.72 and its 200-day moving average price is $69.44. The stock has a market capitalization of $13.93 billion, a P/E ratio of 14.71 and a beta of 1.15. Skyworks Solutions has a 1-year low of $54.50 and a 1-year high of $88.52.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. The company earned $751.70 million during the quarter, compared to the consensus estimate of $750.22 million. Skyworks Solutions had a return on equity of 29.31% and a net margin of 29.32%. Equities research analysts anticipate that Skyworks Solutions will post $5.53 EPS for the current fiscal year.
SWKS has been the subject of several recent analyst reports. B. Riley cut Skyworks Solutions to a “buy” rating in a research note on Monday, June 13th. Pacific Crest reissued an “equal weight” rating on shares of Skyworks Solutions in a research note on Thursday, September 15th. Vetr raised Skyworks Solutions from a “hold” rating to a “buy” rating and set a $72.24 price target for the company in a research note on Monday, July 25th. Brean Capital reissued a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, June 15th. Finally, Zacks Investment Research raised Skyworks Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $82.91.
In other news, Chairman David J. Aldrich sold 15,000 shares of the stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $59.46, for a total value of $891,900.00. Following the completion of the transaction, the chairman now owns 140,327 shares of the company’s stock, valued at $8,343,843.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Timothy R. Furey sold 5,000 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $74.87, for a total value of $374,350.00. Following the completion of the transaction, the director now directly owns 34,947 shares of the company’s stock, valued at approximately $2,616,481.89. The disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. increased its stake in Skyworks Solutions by 260.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the semiconductor manufacturer’s stock worth $114,000 after buying an additional 1,300 shares during the last quarter. Bellwether Investment Group LLC bought a new stake in shares of Skyworks Solutions during the second quarter worth approximately $125,000. Synovus Financial Corp boosted its stake in shares of Skyworks Solutions by 16.0% in the second quarter. Synovus Financial Corp now owns 2,282 shares of the semiconductor manufacturer’s stock worth $143,000 after buying an additional 315 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Skyworks Solutions during the first quarter worth approximately $182,000. Finally, Checchi Capital Advisers LLC boosted its stake in shares of Skyworks Solutions by 39.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,369 shares of the semiconductor manufacturer’s stock worth $150,000 after buying an additional 673 shares during the period. Institutional investors own 76.66% of the company’s stock.
About Skyworks Solutions
Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company 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 radio frequency (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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