Skyworks Solutions Inc. [SWKS] Chairman, CEO and President makes an insider purchase of 10,000 shares worth 1.4 million.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Skyworks Solutions Inc. shares valued at $1,400,000 were sold by GRIFFIN LIAM on Mar 29. At $140.00 per share, GRIFFIN LIAM sold 10,000 shares. The insider’s holdings dropped to 52,711 shares worth approximately $5.98 million following the completion of this transaction.

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Also, GRIFFIN LIAM sold 10,000 shares, netting a total of over 1,400,000 in proceeds. Following the sale of shares at $140.00 each, the insider now holds 62,711 shares.

Before that, GRIFFIN LIAM had sold 10,000 shares from its account. In a trade valued at $1,469,120, the Chairman, CEO and President traded Skyworks Solutions Inc. shares for $146.91 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $8.25 million.

As published in a research note from BofA Securities on June 29, 2022, Skyworks Solutions Inc. [SWKS] has been rated down from a Neutral to an Underperform and the price target has been revised to $105 from $130. This represents a -8.11% premium over Thursday’s closing price. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of February 04, 2022, UBS has reiterated its “Neutral” rating for SWKS. Earlier on February 04, 2022, The Benchmark Company resumed its rating. Their recommendation was “a Buy” for SWKS stock.

Analyzing SWKS’s Price Performance

On Thursday, Skyworks Solutions Inc. [NASDAQ: SWKS] rose 1.43% to $113.52. The stock’s lowest price that day was $109.471, but it reached a high of $113.78 in the same session. During the last five days, there has been a surge of approximately 5.43%. Over the course of the year, Skyworks Solutions Inc. shares have dropped approximately -26.83%. Shares of the company reached a 52-week high of $163.47 on 01/04/22 and a 52-week low of $88.76 on 06/16/22. A 50-day SMA is recorded $101.22, while a 200-day SMA reached $130.89. Nevertheless, trading volume fell to 3.79 million shares from 0.96 million shares the previous day.

Support And Resistance Levels for Skyworks Solutions Inc. (SWKS)

According to the 24-hour chart, there is a support level at 110.73, which, if violated, would cause prices to drop to 107.95. In the upper region, resistance lies at 115.04. The next price resistance is at 116.57. RSI (Relative Strength Index) is 67.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.00, which suggests the price will increase in the coming days. Percent R is at 1.81%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Skyworks Solutions Inc. subject to short interest?

Stocks of Skyworks Solutions Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.63 million shares to 3.09 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.72 million shares. A decline of -20.39% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.41 of the overall float, the days-to-cover ratio (short ratio) decline to 1.41.

Which companies own the most shares of Skyworks Solutions Inc. (SWKS)?

According to The Vanguard Group, Inc. filings, the company currently owns 17,368,489 shares, which is about 10.79% of the total SWKS shares outstanding. The investor’s shares have appreciated by 108,941 from its previous 13-F filing of 17259548.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $978,694,539. SSgA Funds Management, Inc. reduced a -1.83% interest valued at $685.09 million while Vulcan Value Partners LLC sold a -322,267 stake. A total of -36,496 shares of Skyworks Solutions Inc. were sold by T. Rowe Price Associates, Inc. during the quarter, and 144,780 were bought by Geode Capital Management LLC. In its current portfolio, Lazard Asset Management LLC holds 2,880,928 shares valued at $266.89 million.

In terms of Skyworks Solutions Inc. share price expectations, FactSet research, analysts set an average price target of $133.35 in the next 12 months, up nearly 14.37% from the previous closing price of $111.92. Analysts anticipate Skyworks Solutions Inc. stock to reach $190.00 by 2022, with the lowest price target being $97.00. In spite of this, 27 analysts ranked Skyworks Solutions Inc. stock as an Overweight at the end of 2022. On February 04, 2022, Susquehanna assigned a price target of “a Neutral” to the stock and reiterated coverage with a $160.


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