Short Interest in Skyworks Solutions Inc (NASDAQ:SWKS) Increases By 10.2%

Skyworks Solutions Inc (NASDAQ:SWKS) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 2,810,000 shares, an increase of 10.2% from the June 30th total of 2,550,000 shares. Based on an average daily volume of 2,060,000 shares, the short-interest ratio is currently 1.4 days. Approximately 1.7% of the shares of the stock are short sold.

SWKS has been the subject of a number of analyst reports. Craig Hallum boosted their price objective on shares of Skyworks Solutions from $120.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Benchmark raised their price objective on Skyworks Solutions from $120.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Morgan Stanley upped their target price on Skyworks Solutions from $124.00 to $131.00 and gave the company an “equal weight” rating in a research note on Monday, July 20th. BidaskClub raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Friday, June 5th. Finally, Wells Fargo & Co lifted their price target on shares of Skyworks Solutions from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, July 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $135.85.

In other Skyworks Solutions news, CEO Liam Griffin sold 12,500 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $126.36, for a total transaction of $1,579,500.00. Following the sale, the chief executive officer now owns 64,244 shares in the company, valued at approximately $8,117,871.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director P Mcglade David sold 21,800 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $134.14, for a total value of $2,924,252.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,425 shares of company stock valued at $6,293,835. Corporate insiders own 0.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of SWKS. Guggenheim Capital LLC lifted its holdings in shares of Skyworks Solutions by 8.1% in the fourth quarter. Guggenheim Capital LLC now owns 202,626 shares of the semiconductor manufacturer’s stock valued at $24,494,000 after buying an additional 15,237 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Skyworks Solutions by 35.4% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,018 shares of the semiconductor manufacturer’s stock valued at $243,000 after acquiring an additional 528 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Skyworks Solutions by 8.8% during the 1st quarter. State of Alaska Department of Revenue now owns 145,702 shares of the semiconductor manufacturer’s stock valued at $13,022,000 after acquiring an additional 11,803 shares during the last quarter. Gradient Investments LLC boosted its stake in shares of Skyworks Solutions by 31,463.4% during the 1st quarter. Gradient Investments LLC now owns 83,643 shares of the semiconductor manufacturer’s stock worth $7,476,000 after acquiring an additional 83,378 shares in the last quarter. Finally, Bank of Stockton grew its holdings in shares of Skyworks Solutions by 7.3% in the 1st quarter. Bank of Stockton now owns 5,912 shares of the semiconductor manufacturer’s stock worth $528,000 after acquiring an additional 400 shares during the last quarter. 79.00% of the stock is owned by institutional investors and hedge funds.

NASDAQ:SWKS opened at $145.58 on Friday. The company has a market cap of $24.29 billion, a PE ratio of 28.77, a P/E/G ratio of 2.20 and a beta of 1.25. The business’s 50 day moving average is $130.41 and its two-hundred day moving average is $111.99. The company has a quick ratio of 1.69, a current ratio of 5.83 and a debt-to-equity ratio of 0.04. Skyworks Solutions has a 52 week low of $67.90 and a 52 week high of $145.90.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, July 23rd. The semiconductor manufacturer reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.13. The firm had revenue of $736.80 million for the quarter, compared to analysts’ expectations of $690.06 million. Skyworks Solutions had a return on equity of 20.73% and a net margin of 24.13%. During the same period last year, the business posted $1.35 earnings per share. As a group, sell-side analysts expect that Skyworks Solutions will post 4.91 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be given a $0.50 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.44. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Monday, August 10th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 30.82%.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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