What Could Be Propelling Skyworks Solutions Inc to Decrease?

 What Could Be Propelling Skyworks Solutions Inc to Decrease?

In today’s session Skyworks Solutions Inc (SWKS) recorded an unusually high (2,203) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious SWKS decrease. With 2,203 contracts traded and 37144 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: SWKS161118P00070000 closed last at: $0.35 or 12.5% down. About 274,140 shares traded hands. Skyworks Solutions Inc (NASDAQ:SWKS) has declined 0.17% since April 12, 2016 and is downtrending. It has underperformed by 5.16% the S&P500.

Skyworks Solutions Inc (NASDAQ:SWKS) Ratings Coverage

Out of 26 analysts covering Skyworks Solutions Inc. (NASDAQ:SWKS), 22 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 85% are positive. $132 is the highest target while $61 is the lowest. The $93.42 average target is 25.43% above today’s ($74.48) stock price. Skyworks Solutions Inc. has been the topic of 55 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Drexel Hamilton maintained it with “Buy” rating and $90 target price in Friday, January 29 report. On Friday, January 29 the stock rating was maintained by Oppenheimer with “Outperform”. Pacific Crest maintained the shares of SWKS in a report on Monday, September 7 with “Overweight” rating. The rating was maintained by Mizuho with “Buy” on Friday, April 29. The firm has “Buy” rating given on Thursday, October 1 by Citigroup. Craig Hallum maintained Skyworks Solutions Inc (NASDAQ:SWKS) rating on Friday, January 29. Craig Hallum has “Buy” rating and $90 price target. The firm earned “Hold” rating on Thursday, September 17 by Zacks. The rating was upgraded by Goldman Sachs to “Buy” on Wednesday, February 3. Cowen & Co maintained the stock with “Buy” rating in Friday, November 4 report. The stock of Skyworks Solutions Inc (NASDAQ:SWKS) earned “Buy” rating by Topeka Capital Markets on Friday, January 29.

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 2016 Q2. 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.
Company Of Vermont owns 600 shares or 0.01% of their US portfolio. Amp Capital Ltd last reported 63,745 shares in the company. Ccm Advisers Ltd Liability reported 43,680 shares or 0.26% of all its holdings. State Street Corporation, a Massachusetts-based fund reported 7.21M shares. Cim Inv Mangement Incorporated holds 6,096 shares or 0.16% of its portfolio. Texas Permanent School Fund last reported 61,721 shares in the company. Savant Cap Limited has 5,290 shares for 0.1% of their US portfolio. Nicholas Company Wi owns 980,800 shares or 1.25% of their US portfolio. Moreover, California Public Employees Retirement Systems has 0.05% invested in Skyworks Solutions Inc (NASDAQ:SWKS) for 455,200 shares. Cambridge accumulated 0.07% or 15,000 shares. Hl Services Limited Liability Corp has invested 0.07% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS). Vantage Invest Advsr Lc owns 48 shares or 0% of their US portfolio. American Money Mngmt Limited Company has 1.08% invested in the company for 20,585 shares. New Century Management has invested 1.11% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS). Mitsubishi Ufj Hldg Com Ltd, a Japan-based fund reported 290 shares.

Insider Transactions: Since May 17, 2016, the stock had 0 insider purchases, and 13 selling transactions for $11.96 million net activity. The insider Tremallo Mark V B sold $581,853. On Monday, October 10 the insider FREYMAN BRUCE J sold $2.90 million. $972,450 worth of Skyworks Solutions Inc (NASDAQ:SWKS) was sold by ALDRICH DAVID J on Tuesday, June 14. The insider GASPARINI LAURA A sold $198,326. 5,000 Skyworks Solutions Inc (NASDAQ:SWKS) shares with value of $374,350 were sold by FUREY TIMOTHY R.

Skyworks Solutions Inc. is engaged in the production of analog semiconductors. The company has a market cap of $13.71 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 14.4 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.

More recent Skyworks Solutions Inc (NASDAQ:SWKS) news were published by: Businesswire.com which released: “Skyworks Delivers World’s Most Efficient Front-end Solutions for Internet of …” on November 08, 2016. Also Nasdaq.com published the news titled: “Ex-Dividend Reminder: Southside Bancshares, Realogy Holdings and Skyworks …” on November 11, 2016. Nasdaq.com‘s news article titled: “Skyworks Solutions Inc. Q4 Profit Declines 6%” with publication date: November 03, 2016 was also an interesting one.

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