Skyworks Solutions, Inc. (NASDAQ:SWKS) Short Interest Update

Skyworks Solutions, Inc. (NASDAQ:SWKS) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 8,510,000 shares, an increase of 28.4% from the October 15th total of 6,630,000 shares. Based on an average trading volume of 1,980,000 shares, the short-interest ratio is presently 4.3 days. Approximately 5.4% of the company’s shares are short sold.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded down $0.31 during midday trading on Friday, reaching $83.69. 3,278,939 shares of the stock traded hands, compared to its average volume of 2,401,136. The firm has a fifty day moving average price of $95.14 and a two-hundred day moving average price of $100.20. Skyworks Solutions has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 1.53 and a beta of 1.21. The company has a current ratio of 3.01, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.95 EPS. On average, equities research analysts forecast that Skyworks Solutions will post 5.39 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio is currently 75.68%.

Insider Activity at Skyworks Solutions

In related news, SVP Robert John Terry sold 1,821 shares of Skyworks Solutions stock in a transaction on Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36. Following the sale, the senior vice president now owns 24,567 shares of the company’s stock, valued at $2,214,960.72. The trade was a 6.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Carlos S. Bori sold 9,321 shares of Skyworks Solutions stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the sale, the senior vice president now directly owns 37,203 shares in the company, valued at approximately $3,793,589.91. The trade was a 20.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,841 shares of company stock worth $3,034,265. 0.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Skyworks Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Innealta Capital LLC bought a new position in shares of Skyworks Solutions in the second quarter valued at approximately $27,000. Rothschild Investment LLC acquired a new stake in Skyworks Solutions in the second quarter worth approximately $27,000. Erste Asset Management GmbH bought a new position in Skyworks Solutions during the 3rd quarter valued at $27,000. Investors Research Corp increased its position in shares of Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 213 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Skyworks Solutions by 79.7% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 149 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

SWKS has been the subject of a number of research analyst reports. Bank of America lifted their price target on shares of Skyworks Solutions from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 31st. Loop Capital assumed coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They issued a “hold” rating and a $90.00 target price for the company. Barclays reduced their price target on shares of Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating on the stock in a research report on Wednesday. Craig Hallum lowered their price objective on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Piper Sandler cut their price objective on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions has an average rating of “Hold” and an average price target of $101.00.

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.