Skyworks Solutions Target of Unusually Large Options Trading (NASDAQ:SWKS)

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

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of research reports. Loop Capital started coverage on Skyworks Solutions in a research report on Monday, November 11th. They set a “hold” rating and a $90.00 target price for the company. Piper Sandler lowered their price target on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday. Stifel Nicolaus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and lowered their price target for the stock from $105.00 to $62.00 in a research report on Thursday. B. Riley downgraded Skyworks Solutions from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $110.00 to $65.00 in a research report on Thursday. Finally, Citigroup raised their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research report on Friday, January 10th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $65.60 on Friday. The firm has a market cap of $10.54 billion, a P/E ratio of 17.73, a P/E/G ratio of 1.96 and a beta of 1.14. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 12 month low of $62.01 and a 12 month high of $120.86. The stock’s fifty day moving average price is $89.37 and its 200-day moving average price is $95.52.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. On average, equities research analysts expect that Skyworks Solutions will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.27%. Skyworks Solutions’s dividend payout ratio is currently 75.68%.

Insider Buying and Selling

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 transaction of $926,041.22. Following the completion of the sale, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Skyworks Solutions

Institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers grew its stake in Skyworks Solutions by 13.5% in the second quarter. Cetera Investment Advisers now owns 48,911 shares of the semiconductor manufacturer’s stock valued at $5,213,000 after purchasing an additional 5,827 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Skyworks Solutions in the second quarter valued at about $1,122,000. Czech National Bank grew its stake in Skyworks Solutions by 6.4% in the third quarter. Czech National Bank now owns 32,535 shares of the semiconductor manufacturer’s stock valued at $3,213,000 after purchasing an additional 1,961 shares during the last quarter. GAMMA Investing LLC grew its stake in Skyworks Solutions by 17.3% in the third quarter. GAMMA Investing LLC now owns 3,664 shares of the semiconductor manufacturer’s stock valued at $362,000 after purchasing an additional 540 shares during the last quarter. Finally, Brookstone Capital Management purchased a new position in Skyworks Solutions in the third quarter valued at about $231,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

About Skyworks Solutions

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.