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

Skyworks Solutions, Inc. (NASDAQ:SWKS) was the target of some unusual options trading activity on Thursday. Investors bought 16,144 put options on the company. This represents an increase of approximately 302% compared to the typical volume of 4,012 put options.

Skyworks Solutions Trading Down 23.6 %

Skyworks Solutions stock traded down $20.55 during midday trading on Thursday, reaching $66.53. The stock had a trading volume of 6,199,939 shares, compared to its average volume of 2,682,692. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average of $89.79 and a 200 day moving average of $95.73. Skyworks Solutions has a 52-week low of $62.01 and a 52-week high of $120.86. The firm has a market cap of $10.69 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.96 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results 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 return on equity of 13.71% and a net margin of 14.27%. On average, analysts anticipate that Skyworks Solutions will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

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

Wall Street Analyst Weigh In

SWKS has been the topic of a number of research reports. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a report on Thursday. Stifel Nicolaus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and cut their target price for the stock from $105.00 to $62.00 in a report on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a report on Thursday. Rosenblatt Securities reissued a “neutral” rating and issued a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday. Finally, B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $110.00 to $65.00 in a research note on Thursday. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $84.59.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the completion of the transaction, the senior vice president now owns 15,960 shares in the company, valued at $1,404,639.60. This represents a 39.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Skyworks Solutions

Institutional investors have recently bought and sold shares of the company. Erste Asset Management GmbH acquired a new stake in Skyworks Solutions during the 3rd quarter worth about $27,000. Golden State Wealth Management LLC purchased a new position in Skyworks Solutions in the 4th quarter valued at $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Skyworks Solutions during the fourth quarter worth $29,000. Investors Research Corp boosted its position in 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 Skyworks Solutions in the 3rd quarter valued at about $39,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

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.