In today’s session Skyworks Solutions Inc (SWKS) registered an unusually high (959) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious SWKS increase. With 959 contracts traded and 474 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: SWKS161021C00076500 closed last at: $2.3 or 91.7% up. The stock increased 1.67% or $1.26 during the last trading session, hitting $76.59. About 2.96 million shares traded hands. Skyworks Solutions Inc (NASDAQ:SWKS) has risen 7.00% since March 1, 2016 and is uptrending. It has underperformed by 2.24% the S&P500.
Analysts await Skyworks Solutions Inc (NASDAQ:SWKS) to report earnings on November, 3. They expect $1.33 EPS, down 4.32% or $0.06 from last year’s $1.39 per share. SWKS’s profit will be $246.76M for 14.40 P/E if the $1.33 EPS becomes a reality. After $1.15 actual EPS reported by Skyworks Solutions Inc for the previous quarter, Wall Street now forecasts 15.65% EPS growth.
Skyworks Solutions Inc (NASDAQ:SWKS) Ratings Coverage
Out of 25 analysts covering Skyworks Solutions Inc. (NASDAQ:SWKS), 21 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 84% are positive. $132 is the highest target while $61 is the lowest. The $93.09 average target is 21.54% above today’s ($76.59) stock price. Skyworks Solutions Inc. has been the topic of 52 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of Skyworks Solutions Inc (NASDAQ:SWKS) has “Buy” rating given on Friday, July 24 by Mizuho. Drexel Hamilton maintained the shares of SWKS in a report on Friday, January 29 with “Buy” rating. The firm has “Buy” rating given on Tuesday, October 6 by Topeka Capital Markets. The rating was upgraded by Goldman Sachs on Wednesday, February 3 to “Buy”. Pacific Crest maintained it with “Overweight” rating and $110 target price in Monday, September 7 report. The firm has “Neutral” rating by Mizuho given on Friday, July 1. As per Friday, January 8, the company rating was maintained by Canaccord Genuity. As per Tuesday, October 20, the company rating was initiated by Drexel Hamilton. The firm earned “Buy” rating on Friday, April 29 by Craig Hallum. Needham maintained the stock with “Buy” rating in Friday, January 29 report.
Insitutional Activity: The institutional sentiment decreased to 0.66 in Q2 2016. Its down 0.30, from 0.96 in 2016Q1. The ratio is negative, as 97 funds sold all Skyworks Solutions Inc shares owned while 239 reduced positions. 47 funds bought stakes while 174 increased positions. They now own 141.77 million shares or 4.99% less from 149.22 million shares in 2016Q1.
Braver Wealth Management Limited Liability Corp holds 39,110 shares or 0.42% of its portfolio. Plante Moran Financial Advsr Limited Liability Corporation accumulated 28 shares or 0% of the stock. Moreover, Assetmark has 0% invested in Skyworks Solutions Inc (NASDAQ:SWKS) for 834 shares. Stephens Ar holds 4,626 shares or 0.01% of its portfolio. Moreover, Lmr Llp has 0.1% invested in Skyworks Solutions Inc (NASDAQ:SWKS) for 9,880 shares. Avalon Advisors Limited Liability Company last reported 0.04% of its portfolio in the stock. Ccm Inv Advisers Ltd Liability Corporation owns 43,680 shares or 0.26% of their US portfolio. Sandy Spring Bancorp holds 7,475 shares or 0.05% of its portfolio. Moreover, Pinnacle Assocs Ltd has 0.12% invested in Skyworks Solutions Inc (NASDAQ:SWKS) for 85,582 shares. Euclid Advisors Lc accumulated 0.02% or 8,761 shares. Pnc Finance Grp Inc Incorporated has invested 0.03% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS). Moreover, Da Davidson has 0.02% invested in Skyworks Solutions Inc (NASDAQ:SWKS) for 9,194 shares. Tru Department Mb National Bank & Trust N A accumulated 0.01% or 474 shares. Mizuho Asset Mngmt Coltd last reported 2,585 shares in the company. Palouse Capital Incorporated has 25,308 shares for 0.65% of their US portfolio.
Insider Transactions: Since April 5, 2016, the stock had 0 buys, and 19 selling transactions for $15.06 million net activity. Shares for $188,200 were sold by GRIFFIN LIAM. ALDRICH DAVID J sold $1.00 million worth of stock or 15,000 shares. On Friday, September 2 the insider GASPARINI LAURA A sold $198,326. Shares for $1.42 million were sold by PALETTE DONALD W. Another trade for 3,221 shares valued at $241,575 was sold by FREYMAN BRUCE J. GAMMEL PETER L had sold 22,015 shares worth $1.39M. $581,853 worth of Skyworks Solutions Inc (NASDAQ:SWKS) was sold by Tremallo Mark V B on Tuesday, September 20.
Skyworks Solutions Inc. is engaged in the production of analog semiconductors. The company has a market cap of $14.21 billion. The Firm supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System , industrial, medical, military, wireless networking, smartphone and tablet applications. It has a 15.19 P/E ratio. 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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