Today’s Stock On Watch: What Next for Skyworks Solutions Incorporated (NASDAQ:SWKS) Stock After Decrease in Shorted Shares?

November 17, 2016 - By Vivian Park   ·   0 Comments

Today's Stock On Watch: What Next for Skyworks Solutions Incorporated (NASDAQ:SWKS) Stock After Decrease in Shorted Shares?

The stock of Skyworks Solutions Incorporated (NASDAQ:SWKS) registered a decrease of 9.03% in short interest. SWKS’s total short interest was 11.90 million shares in November as published by FINRA. Its down 9.03% from 13.09 million shares, reported previously. With 4.44 million shares average volume, it will take short sellers 3 days to cover their SWKS’s short positions. The short interest to Skyworks Solutions Incorporated’s float is 6.37%. The stock increased 0.25% or $0.19 during the last trading session, hitting $76.12. Skyworks Solutions Inc (NASDAQ:SWKS) has risen 1.41% since April 15, 2016 and is uptrending. It has underperformed by 3.21% the S&P500.

Skyworks Solutions Inc. is engaged in the production of analog semiconductors. The company has a market cap of $14.64 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 14.71 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.

Insitutional Activity: The institutional sentiment decreased to 0.66 in Q2 2016. Its down 0.30, from 0.96 in 2016Q1. The ratio dived, 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.
Nomura Hldgs Incorporated holds 0.02% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS) for 87,370 shares. The Massachusetts-based Frontier Mngmt Company Lc has invested 0.25% in Skyworks Solutions Inc (NASDAQ:SWKS). Horizon Inv has 76,628 shares for 2.45% of their US portfolio. Price T Rowe Associate Md has invested 0.01% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS). Cetera Advisor Ltd Company last reported 22,569 shares in the company. First Western Capital reported 30,982 shares or 0.72% of all its holdings. Amalgamated Bankshares holds 0.06% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS) for 16,295 shares. Robeco Institutional Asset Management Bv, a Netherlands-based fund reported 7,171 shares. Lazard Asset Management Ltd Limited Liability Company accumulated 0.78% or 5.38M shares. Moneta Grp Inc Invest Limited Liability Company last reported 0.21% of its portfolio in the stock. Gofen & Glossberg Ltd Limited Liability Company Il holds 3,361 shares or 0.01% of its portfolio. Moreover, Reliance Of Delaware has 0.02% invested in Skyworks Solutions Inc (NASDAQ:SWKS) for 4,317 shares. State Common Retirement Fund, a New York-based fund reported 510,800 shares. Callahan Advisors Limited Company holds 1.12% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS) for 67,481 shares. Norinchukin Commercial Bank The has 9,979 shares for 0.02% of their US portfolio.

Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 14 insider sales for $12.62 million net activity. Shares for $1.31M were sold by Tremallo Mark V B on Tuesday, October 4. $1.00 million worth of Skyworks Solutions Inc (NASDAQ:SWKS) was sold by ALDRICH DAVID J on Tuesday, May 31. $583,575 worth of Skyworks Solutions Inc (NASDAQ:SWKS) was sold by FUREY TIMOTHY R. FREYMAN BRUCE J had sold 3,221 shares worth $241,575. GASPARINI LAURA A sold $198,326 worth of stock.

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 22.73% above today’s ($76.12) stock price. Skyworks Solutions Inc. has been the topic of 55 analyst reports since July 27, 2015 according to StockzIntelligence Inc. JP Morgan initiated Skyworks Solutions Inc (NASDAQ:SWKS) rating on Monday, October 24. JP Morgan has “Neutral” rating and $88 price target. The rating was upgraded by Goldman Sachs on Wednesday, February 3 to “Buy”. The stock of Skyworks Solutions Inc (NASDAQ:SWKS) has “Buy” rating given on Thursday, December 17 by Chardan Capital Markets. The stock has “Buy” rating given by Topeka Capital Markets on Friday, July 24. As per Thursday, June 9, the company rating was upgraded by Citigroup. The firm earned “Neutral” rating on Tuesday, March 29 by Citigroup. Drexel Hamilton maintained Skyworks Solutions Inc (NASDAQ:SWKS) rating on Friday, January 29. Drexel Hamilton has “Buy” rating and $90 price target. Cowen & Co maintained the shares of SWKS in a report on Friday, April 29 with “Market Perform” rating. The stock of Skyworks Solutions Inc (NASDAQ:SWKS) earned “Buy” rating by Craig Hallum on Friday, April 29. Craig Hallum maintained the stock with “Buy” rating in Friday, November 4 report.

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 important 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 Businesswire.com published article titled: “Skyworks Unveils Portfolio of Advanced CATV Infrastructure Solutions”, Nasdaq.com published: “Ex-Dividend Reminder: Southside Bancshares, Realogy Holdings and Skyworks …” on November 11, 2016. More interesting news about Skyworks Solutions Inc (NASDAQ:SWKS) was released by: Nasdaq.com and their article: “Skyworks Solutions Inc. Q4 Profit Declines 6%” with publication date: November 03, 2016.

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By Vivian Park


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