Skyworks Solutions Inc. (SWKS) may enjoy gains as insiders got busy in the recent days

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Skyworks Solutions Inc.’s recent filing unveils that its SVP, Human Resources Durham Karilee A unloaded Company’s shares for reported $0.66 million on Aug 08. In the deal valued at $112.26 per share,5,858 shares were sold. As a result of this transaction, Durham Karilee A now holds 10,130 shares worth roughly $ 0.89 million.


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Then, GRIFFIN LIAM sold 10,000 shares, generating $1,400,000 in total proceeds. Upon selling the shares at $140.00, the Chairman, CEO and President now owns 52,711 shares.

Before that, GRIFFIN LIAM sold 10,000 shares. Skyworks Solutions Inc. shares valued at $1,400,000 were divested by the Chairman, CEO and President at a price of $140.00 per share. As a result of the transaction, GRIFFIN LIAM now holds 62,711 shares, worth roughly $5.53 million.

Summit Insights upgraded its Skyworks Solutions Inc. [SWKS] rating to a Buy from a a Hold in a research note published on Monday. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid October from “an Overweight” to “an Equal weight”. Exane BNP Paribas began covering SWKS with “an Outperform” recommendation on September 13, 2022. BofA Securities revised its rating on June 29, 2022. It rated SWKS as “an Underperform” which previously was an “a Neutral”.

Price Performance Review of SWKS

On Monday, Skyworks Solutions Inc. [NASDAQ:SWKS] saw its stock jump 0.36% to $88.25. On the same session, the stock had its day’s lowest price of $86.86, but rose to a high of $89.04. Over the last five days, the stock has gained 2.60%. Skyworks Solutions Inc. shares have fallen nearly -43.12% since the year began. Nevertheless, the stocks have fallen -46.21% over the past one year. While a 52-week high of $169.29 was reached on 01/04/22, a 52-week low of $76.16 was recorded on 10/13/22. SMA at 50 days reached $91.07, while 200 days put it at $110.07. A total of 2.29 million shares were traded, compared to the trading of 1.74 million shares in the previous session.

Levels Of Support And Resistance For SWKS Stock

The 24-hour chart illustrates a support level at 87.06, which if violated will result in even more drops to 85.87. On the upside, there is a resistance level at 89.24. A further resistance level may holdings at 90.23. The Relative Strength Index (RSI) on the 14-day chart is 52.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.58%. Stochastics %K at 67.10% indicates the stock is a holding.

How much short interest is there in Skyworks Solutions Inc.?

A steep rise in short interest was recorded in Skyworks Solutions Inc. stocks on Jul 14, 2022, dropping by -0.63 million shares to a total of 3.09 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 3.72 million shares. There was a decline of -20.39%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.17% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.41.

Skyworks Solutions Inc. [SWKS] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 17,235,031 shares, or roughly 10.74% of the outstanding SWKS shares. In other words, the investor’s shares have fallen by -133,458 from its previous 13-F filing of 17368489.0. Additionally, BlackRock Fund Advisors decreased -6.85% of its stake after which the total value it holdings stand at $839,126,380, while SSgA Funds Management, Inc. reduced -1.45% of its stake to hold $621.43 million in the firm. Over the last quarter, Vulcan Value Partners LLC sold -538,996 shares of Skyworks Solutions Inc., while Geode Capital Management LLC sold 109,357 shares. At present, Lazard Asset Management LLC is holding 3,074,202 shares valued at $262.14 million. Victory Capital Management, Inc. owned 2,378,800 shares of the company at the time of its most recent 13F filing, worth $202.84 million.

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