Stock Traders Purchase High Volume of Skyworks Solutions Call Options (NASDAQ:SWKS)

Skyworks Solutions, Inc. (NASDAQ:SWKS) saw unusually large options trading activity on Monday. Traders bought 12,720 call options on the stock. This represents an increase of approximately 344% compared to the average daily volume of 2,868 call options.

Skyworks Solutions Stock Up 2.7%

SWKS stock opened at $70.35 on Tuesday. The company has a market cap of $10.58 billion, a price-to-earnings ratio of 29.19 and a beta of 1.48. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.38 and a quick ratio of 1.70. Skyworks Solutions has a 12 month low of $51.93 and a 12 month high of $90.90. The company has a fifty day moving average price of $59.18 and a 200 day moving average price of $62.04.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. The company had revenue of $943.70 million during the quarter, compared to the consensus estimate of $901.76 million. Skyworks Solutions had a net margin of 8.93% and a return on equity of 11.52%. Skyworks Solutions’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 EPS. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. Sell-side analysts expect that Skyworks Solutions will post 3.55 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th will be given a dividend of $0.71 per share. The ex-dividend date is Tuesday, May 26th. This represents a $2.84 dividend on an annualized basis and a yield of 4.0%. Skyworks Solutions’s dividend payout ratio is presently 117.84%.

Hedge Funds Weigh In On Skyworks Solutions

A number of large investors have recently bought and sold shares of SWKS. United Services Automobile Association purchased a new position in Skyworks Solutions during the 1st quarter worth $236,000. Focus Partners Wealth increased its holdings in shares of Skyworks Solutions by 99.0% in the 1st quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer’s stock valued at $611,000 after purchasing an additional 4,702 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Skyworks Solutions by 137.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,298 shares of the semiconductor manufacturer’s stock valued at $171,000 after purchasing an additional 1,330 shares in the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of Skyworks Solutions in the 2nd quarter valued at about $259,000. Finally, Gabelli Funds LLC purchased a new position in shares of Skyworks Solutions in the 2nd quarter valued at about $1,004,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. KeyCorp boosted their price target on shares of Skyworks Solutions from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Skyworks Solutions in a report on Wednesday, May 6th. Citigroup boosted their price target on shares of Skyworks Solutions from $63.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, TD Cowen boosted their price target on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $76.61.

About Skyworks Solutions

Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.

Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.