Skyworks Solutions Inc. [SWKS] Insider Kasnavi Reza sells 900 Shares


Skyworks Solutions Inc.’s recently made public that its SVP, Tech. & Manufacturing Kasnavi Reza unloaded Company’s shares for reported $94842.0 on Aug 29. In the deal valued at $105.38 per share,900 shares were sold. As a result of this transaction, Kasnavi Reza now holds 16,094 shares worth roughly $ 1.76 million.

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Then, Sennesael Kris sold 40,000 shares, generating $4,251,092 in total proceeds. Upon selling the shares at $106.28, the SVP & Chief Financial Officer now owns 87,823 shares.

Before that, GRIFFIN LIAM sold 13,211 shares. Skyworks Solutions Inc. shares valued at $1,375,001 were divested by the Chairman, CEO and President at a price of $104.08 per share. As a result of the transaction, GRIFFIN LIAM now holds 52,540 shares, worth roughly $5.73 million.

Wolfe Research initiated its Skyworks Solutions Inc. [SWKS] rating to an Outperform in a research note published on Tuesday, July 20, 2023; the price target was $135. PT values the company’s stock at a premium of 19.16 to its Tuesday closing price.

Price Performance Review of SWKS

On Tuesday, Skyworks Solutions Inc. [NASDAQ:SWKS] saw its stock fall -0.50% to $109.13. On the same session, the stock had its day’s lowest price of $108.67, but rose to a high of $110.06. Over the last five days, the stock has gained 2.76%. Skyworks Solutions Inc. shares have risen nearly 19.75% since the year began. Nevertheless, the stocks have risen 9.58% over the past one year. While a 52-week high of $123.69 was reached on 02/07/23, a 52-week low of $76.16 was recorded on 01/03/23. SMA at 50 days reached $109.55, while 200 days put it at $106.11. A total of 1.11 million shares were traded, compared to the trading of 1.78 million shares in the previous session.

Levels Of Support And Resistance For SWKS Stock

The 24-hour chart illustrates a support level at 108.51, which if violated will result in even more drops to 107.90. On the upside, there is a resistance level at 109.90. A further resistance level may holdings at 110.68. The Relative Strength Index (RSI) on the 14-day chart is 53.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.35%. Stochastics %K at 93.11% indicates the stock is a selling.

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

A steep rise in short interest was recorded in Skyworks Solutions Inc. stocks on Aug 14, 2023, dropping by -0.97 million shares to a total of 2.55 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.52 million shares. There was a decline of -38.04%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.82% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.55.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 17,827,471 shares, or roughly 11.20% of the outstanding SWKS shares. In other words, the investor’s shares have risen by 279,720 from its previous 13-F filing of 17547751.0. Additionally, BlackRock Fund Advisors increased 3.58% of its stake after which the total value it holdings stand at $1,136,022,685, while SSgA Funds Management, Inc. added 0.08% of its stake to hold $878.83 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 889,334 shares of Skyworks Solutions Inc., while Victory Capital Management, Inc. bought 195,975 shares. At present, Vulcan Value Partners LLC is holding 3,630,030 shares valued at $415.17 million. Geode Capital Management LLC owned 3,603,146 shares of the company at the time of its most recent 13F filing, worth $412.09 million.


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