Skyworks Solutions Sees Unusually Large Options Volume (NASDAQ:SWKS)

Skyworks Solutions, Inc. (NASDAQ:SWKS) saw unusually large options trading activity on Thursday. Stock investors purchased 16,144 put options on the company. This represents an increase of 302% compared to the typical daily volume of 4,012 put options.

Insiders Place Their Bets

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the transaction, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. This represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.35% of the company’s stock.

Institutional Trading of Skyworks Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Erste Asset Management GmbH bought a new stake in shares of Skyworks Solutions in the 3rd quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new stake in Skyworks Solutions in the fourth quarter valued at $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Skyworks Solutions during the fourth quarter valued at $29,000. Investors Research Corp grew its position in shares of Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 213 shares during the last quarter. Finally, Matrix Trust Co acquired a new stake in shares of Skyworks Solutions in the 3rd quarter worth about $39,000. Institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SWKS. Susquehanna reduced their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Piper Sandler lowered their price objective on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday. B. Riley cut Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their price target for the company from $110.00 to $65.00 in a report on Thursday. Morgan Stanley dropped their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Mizuho lowered Skyworks Solutions from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $105.00 to $62.00 in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $84.59.

Skyworks Solutions Stock Down 23.6 %

Shares of SWKS stock traded down $20.55 on Thursday, hitting $66.53. The stock had a trading volume of 6,199,939 shares, compared to its average volume of 2,682,692. The stock’s 50 day moving average is $89.79 and its 200-day moving average is $95.73. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.96 and a beta of 1.14. Skyworks Solutions has a 52-week low of $62.01 and a 52-week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. As a group, research analysts expect that Skyworks Solutions will post 4.45 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is currently 75.68%.

Skyworks Solutions Company Profile

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.