Can Skyworks Solutions Inc’s Tomorrow Be Different? Option Trader Are Very Bullish

 Can Skyworks Solutions Inc's Tomorrow Be Different? Option Trader Are Very Bullish

In today’s session Skyworks Solutions Inc (SWKS) registered an unusually high (370) 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 370 contracts traded and 5964 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: SWKS161021C00082000 closed last at: $0.4 or 42.9% down. About 820,312 shares traded hands. Skyworks Solutions Inc (NASDAQ:SWKS) has risen 6.65% since March 14, 2016 and is uptrending. It has outperformed by 1.04% the S&P500.

Analysts await Skyworks Solutions Inc (NASDAQ:SWKS) to report earnings on November, 3. They expect $1.33 earnings per share, down 4.32% or $0.06 from last year’s $1.39 per share. SWKS’s profit will be $250.00 million for 14.44 P/E if the $1.33 EPS becomes a reality. After $1.15 actual earnings per share 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. 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 Tuesday, October 6 by Topeka Capital Markets. Ascendiant Capital Markets maintained it with “Buy” rating and $120 target price in Friday, July 24 report. The firm earned “Buy” rating on Friday, January 29 by Needham. The stock of Skyworks Solutions Inc (NASDAQ:SWKS) earned “Neutral” rating by Mizuho on Friday, July 1. The firm has “Buy” rating given on Friday, July 24 by Mizuho. The firm has “Market Perform” rating given on Friday, April 29 by Cowen & Co. The stock of Skyworks Solutions Inc (NASDAQ:SWKS) has “Overweight” rating given on Monday, January 4 by Barclays Capital. The firm has “Market Perform” rating by Cowen & Co given on Monday, April 18. The firm earned “Neutral” rating on Tuesday, March 29 by Citigroup. The firm earned “Buy” rating on Friday, April 29 by Craig Hallum.

According to Zacks Investment Research, “Skyworks Solutions, Inc. is the industry’s leading wireless semiconductor company focused on radio frequency (RF) and complete semiconductor system solutions for mobile communications applications.”

Insitutional Activity: The institutional sentiment decreased to 0.66 in Q2 2016. Its down 0.30, from 0.96 in 2016Q1. The ratio turned 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.
Endurance Wealth Mgmt last reported 0% of its portfolio in the stock. D E Shaw Incorporated has 3,481 shares for 0% of their US portfolio. Clearbridge Invests Limited Liability Com holds 1,000 shares or 0% of its portfolio. Wealthtrust holds 2,794 shares or 0.11% of its portfolio. First Allied Advisory reported 11,103 shares or 0.04% of all its holdings. Callahan Advsrs Lc last reported 67,481 shares in the company. Fuller Thaler Asset Mngmt Inc has invested 0% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS). Finemark National Bank & Trust & has 296 shares for 0% of their US portfolio. Roystone Mgmt Lp has invested 1.58% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS). The Georgia-based Montag And Caldwell Ltd Liability Com has invested 0.02% in Skyworks Solutions Inc (NASDAQ:SWKS). Gofen And Glossberg Il has 3,361 shares for 0.01% of their US portfolio. Moreover, Blackrock Inv Mgmt Ltd Com has 0.03% invested in Skyworks Solutions Inc (NASDAQ:SWKS) for 414,993 shares. New Century Inv Mgmt last reported 32,900 shares in the company. Nicholas Inc Wi holds 980,800 shares or 1.25% of its portfolio. San Francisco Sentry Gru (Ca) holds 0.62% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS) for 16,025 shares.

Insider Transactions: Since April 19, 2016, the stock had 0 insider purchases, and 17 insider sales for $16.74 million net activity. Shares for $581,853 were sold by Tremallo Mark V B on Tuesday, September 20. ALDRICH DAVID J had sold 15,000 shares worth $1.10 million. Another trade for 5,000 shares valued at $374,350 was made by FUREY TIMOTHY R on Thursday, September 1. 3,221 shares were sold by FREYMAN BRUCE J, worth $241,575. Shares for $198,326 were sold by GASPARINI LAURA A. 22,015 shares were sold by GAMMEL PETER L, worth $1.39 million on Thursday, May 5.

Skyworks Solutions Inc. is engaged in the production of analog semiconductors. The company has a market cap of $14.44 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 15.23 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.

SWKS Company Profile

Skyworks Solutions Inc., incorporated on June 10, 2002, is engaged in the production of analog semiconductors. The Firm 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 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.

Another recent and important Skyworks Solutions Inc (NASDAQ:SWKS) news was published by Businesswire.com which published an article titled: “Skyworks Sets Date for Fourth Quarter and Fiscal Year 2016 Earnings Release …” on October 10, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment