Skyworks Solutions, Inc.’s recent filing unveils that its SVP, Human Resources Durham Karilee A unloaded Company’s shares for reported $0.35 million on Dec 14 ’23. In the deal valued at $110.00 per share,3,189 shares were sold. As a result of this transaction, Durham Karilee A now holds 17,323 shares worth roughly $1.8 million.
Then, Kasnavi Reza sold 5,289 shares, generating $497,378 in total proceeds. Upon selling the shares at $94.04, the SVP, Tech. & Manufacturing now owns 19,078 shares.
Before that, TERRY ROBERT JOHN sold 4,457 shares. Skyworks Solutions, Inc. shares valued at $408,497 were divested by the SVP, Gen. Counsel & Secretary at a price of $91.65 per share. As a result of the transaction, TERRY ROBERT JOHN now holds 14,045 shares, worth roughly $1.46 million.
KeyBanc Capital Markets downgraded its Skyworks Solutions, Inc. [SWKS] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late January has reiterated a ‘”an Outperform”‘ rating for it. Piper Sandler also remained covering SWKS and has decreased its forecast on January 04, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Summit Insights revised its rating on November 03, 2023. It rated SWKS as “a Hold” which previously was an “a Buy”.
Price Performance Review of SWKS
On Monday, Skyworks Solutions, Inc. [NASDAQ:SWKS] saw its stock fall -1.27% to $104.14. Over the last five days, the stock has lost -2.71%. Skyworks Solutions, Inc. shares have fallen nearly -7.37% since the year began. Nevertheless, the stocks have fallen -7.41% over the past one year. While a 52-week high of $115.69 was reached on 01/02/24, a 52-week low of $85.06 was recorded on 01/17/24. SMA at 50 days reached $104.89, while 200 days put it at $103.22. A total of 2.64 million shares were traded, compared to the trading of 1.46 million shares in the previous session.
Levels Of Support And Resistance For SWKS Stock
The 24-hour chart illustrates a support level at 103.01, which if violated will result in even more drops to 101.88. On the upside, there is a resistance level at 105.08. A further resistance level may holdings at 106.02. The Relative Strength Index (RSI) on the 14-day chart is 46.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.89%. Stochastics %K at 37.47% 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 Mar 15, 2024, growing by 1.16 million shares to a total of 6.0 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.84 million shares. There was a rise of 19.33%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.24% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.08.
