Skyworks Solutions Inc Unusual Bullish Options Activity Means Profits for Traders

 Skyworks Solutions Inc Unusual Bullish Options Activity Means Profits for Traders

In today’s session Skyworks Solutions Inc (SWKS) registered an unusually high (766) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious SWKS increase. With 766 contracts traded and 394 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: SWKS161118C00079500 closed last at: $2.1 or 5% up. About 371,876 shares traded hands. Skyworks Solutions Inc (NASDAQ:SWKS) has declined 2.68% since March 31, 2016 and is downtrending. It has underperformed by 5.21% 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 $245.63 million for 14.31 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 26 analysts covering Skyworks Solutions Inc. (NASDAQ:SWKS), 21 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 81% are positive. Skyworks Solutions Inc. has been the topic of 53 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, January 29 by Topeka Capital Markets. Barclays Capital maintained Skyworks Solutions Inc (NASDAQ:SWKS) on Monday, January 4 with “Overweight” rating. The stock of Skyworks Solutions Inc (NASDAQ:SWKS) has “Buy” rating given on Tuesday, January 19 by Needham. JP Morgan initiated the shares of SWKS in a report on Monday, October 24 with “Neutral” rating. The firm has “Outperform” rating given on Tuesday, September 1 by CLSA. The firm has “Outperform” rating by CLSA given on Tuesday, August 9. The firm has “Buy” rating given on Thursday, December 17 by Chardan Capital Markets. Craig Hallum maintained Skyworks Solutions Inc (NASDAQ:SWKS) rating on Thursday, January 14. Craig Hallum has “Buy” rating and $100.0 price target. As per Friday, January 29, the company rating was maintained by Oppenheimer. On Friday, January 29 the stock rating was maintained by Drexel Hamilton with “Buy”.

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 fall, 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.
Goelzer Invest Mngmt has 41,387 shares for 0.36% of their US portfolio. Walleye Trading Ltd Limited Liability Company last reported 50,215 shares in the company. Royal London Asset Mngmt Limited has invested 0.1% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS). Paradigm Asset Management Ltd Liability Company accumulated 0% or 5,900 shares. Moreover, Aperio Grp Lc has 0.02% invested in Skyworks Solutions Inc (NASDAQ:SWKS) for 47,218 shares. Montag A And Associates last reported 9,067 shares in the company. Diam Ltd holds 0.02% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS) for 22,679 shares. The North Carolina-based Inv Counsel has invested 1.55% in Skyworks Solutions Inc (NASDAQ:SWKS). Covington Capital Mgmt accumulated 7,100 shares or 0.04% of the stock. Price T Rowe Assoc Md accumulated 0.01% or 560,281 shares. Coe Mgmt Lc has invested 0% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS). First Quadrant L P Ca accumulated 1,700 shares or 0% of the stock. Bank & Trust Of America De, a North Carolina-based fund reported 2.24M shares. Tower Rech Cap Lc (Trc) has 7,237 shares for 0.04% of their US portfolio. Guardian Life Ins Com Of America last reported 0% of its portfolio in the stock.

Insider Transactions: Since May 3, 2016, the stock had 0 insider buys, and 14 insider sales for $13.28 million net activity. ALDRICH DAVID J sold $1.00 million worth of stock. $1.39 million worth of shares were sold by GAMMEL PETER L on Thursday, May 5. Tremallo Mark V B sold $1.31M worth of Skyworks Solutions Inc (NASDAQ:SWKS) on Tuesday, October 4. FUREY TIMOTHY R sold $374,350 worth of Skyworks Solutions Inc (NASDAQ:SWKS) on Thursday, September 1. $241,575 worth of shares were sold by FREYMAN BRUCE J on Monday, August 29. GASPARINI LAURA A sold $198,326 worth of stock.

Skyworks Solutions Inc. is engaged in the production of analog semiconductors. The company has a market cap of $14.06 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 15.1 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.

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