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

Skyworks Solutions, Inc. (NASDAQ:SWKS) saw unusually large options trading activity on Monday. Stock traders bought 28,410 call options on the company. This represents an increase of approximately 546% compared to the average volume of 4,396 call options.

Hedge Funds Weigh In On Skyworks Solutions

Several institutional investors have recently added to or reduced their stakes in SWKS. Quest 10 Wealth Builders Inc. raised its holdings in shares of Skyworks Solutions by 488.6% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 342 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Skyworks Solutions in the second quarter valued at $32,000. MUFG Securities EMEA plc bought a new stake in Skyworks Solutions in the second quarter worth $33,000. Fideuram Asset Management Ireland dac bought a new stake in Skyworks Solutions in the fourth quarter worth $29,000. Finally, Sound Income Strategies LLC raised its stake in Skyworks Solutions by 137.1% during the fourth quarter. Sound Income Strategies LLC now owns 486 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of SWKS stock traded up $4.86 during mid-day trading on Monday, hitting $77.31. The company had a trading volume of 2,716,514 shares, compared to its average volume of 4,144,354. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.38 and a quick ratio of 1.70. The stock’s 50 day moving average price is $69.31 and its 200-day moving average price is $63.31. Skyworks Solutions has a 52-week low of $51.93 and a 52-week high of $90.90. The company has a market capitalization of $11.63 billion, a P/E ratio of 32.10 and a beta of 1.50.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.11. The company had revenue of $943.70 million during the quarter, compared to analysts’ expectations 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 period last year, the company posted $1.24 earnings per share. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. Equities research analysts forecast that Skyworks Solutions will post 3.61 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, May 26th. Skyworks Solutions’s payout ratio is 117.84%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Loop Capital lifted their price target on shares of Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. Mizuho restated an “underperform” rating and set a $46.00 price objective (down from $60.00) on shares of Skyworks Solutions in a research report on Monday, April 20th. KeyCorp lifted their target price on shares of Skyworks Solutions from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Morgan Stanley upped their target price on shares of Skyworks Solutions from $69.00 to $76.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, TD Cowen increased their price target on Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.