Skyworks Solutions, Inc. (NASDAQ:SWKS) Sees Large Growth in Short Interest

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

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the transaction, the senior vice president now directly owns 24,567 shares of the company’s stock, valued at approximately $2,214,960.72. The trade was a 6.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the transaction, the senior vice president now directly owns 27,026 shares in the company, valued at $2,638,548.38. This represents a 27.36 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,841 shares of company stock worth $3,034,265. Insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SWKS. Geode Capital Management LLC grew its holdings in Skyworks Solutions by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer’s stock valued at $408,410,000 after purchasing an additional 28,009 shares during the period. Resources Management Corp CT ADV increased its position in Skyworks Solutions by 3.4% in the third quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock worth $427,000 after purchasing an additional 142 shares during the last quarter. Guardian Wealth Management Inc. boosted its holdings in shares of Skyworks Solutions by 1.7% in the 3rd quarter. Guardian Wealth Management Inc. now owns 10,228 shares of the semiconductor manufacturer’s stock worth $1,010,000 after purchasing an additional 171 shares during the period. Barclays PLC grew its holdings in Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after purchasing an additional 949,407 shares during the last quarter. Finally, Harvest Investment Advisors LLC increased its stake in Skyworks Solutions by 14.1% in the third quarter. Harvest Investment Advisors LLC now owns 15,739 shares of the semiconductor manufacturer’s stock worth $1,555,000 after purchasing an additional 1,940 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SWKS has been the topic of a number of research reports. Rosenblatt Securities raised their price objective on Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Susquehanna decreased their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday. Robert W. Baird boosted their price objective on Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Morgan Stanley decreased their target price on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $101.00.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS traded down $0.31 during midday 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. Skyworks Solutions has a one year low of $82.13 and a one year high of $120.86. The stock has a fifty day moving average price of $95.14 and a 200 day moving average price of $100.20. The company has a current ratio of 3.01, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 1.53 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, beating the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm earned $1.95 EPS. The firm’s quarterly revenue was down 15.9% compared to the same quarter last year. On average, research analysts forecast that Skyworks Solutions will post 5.39 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently declared 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions’s payout ratio is 75.68%.

About Skyworks Solutions

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.