Skyworks Solutions, Inc.’s recent filing unveils that its Chairman, CEO and President GRIFFIN LIAM acquired Company’s shares for reported $1.0 million on May 02 ’24. In the deal valued at $90.00 per share,11,142 shares were bought. As a result of this transaction, GRIFFIN LIAM now holds 104,153 shares worth roughly $9.56 million.
Then, Durham Karilee A sold 3,189 shares, generating $350,790 in total proceeds. Upon selling the shares at $110.00, the SVP, Human Resources now owns 17,323 shares.
Before that, Kasnavi Reza sold 5,289 shares. Skyworks Solutions, Inc. shares valued at $497,378 were divested by the SVP, Tech. & Manufacturing at a price of $94.04 per share. As a result of the transaction, Kasnavi Reza now holds 19,078 shares, worth roughly $1.75 million.
The Benchmark Company downgraded its Skyworks Solutions, Inc. [SWKS] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Hold”. Susquehanna also remained covering SWKS and has decreased its forecast on May 01, 2024 with a “Neutral” recommendation from previously “Positive” rating. KeyBanc Capital Markets revised its rating on April 08, 2024. It rated SWKS as “a Sector weight” which previously was an “an Overweight”.
Price Performance Review of SWKS
On Monday, Skyworks Solutions, Inc. [NASDAQ:SWKS] saw its stock fall -0.79% to $91.78. Over the last five days, the stock has lost -14.91%. Skyworks Solutions, Inc. shares have fallen nearly -18.36% since the year began. Nevertheless, the stocks have fallen -10.14% 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 05/02/24. SMA at 50 days reached $103.08, while 200 days put it at $102.17. A total of 2.14 million shares were traded, compared to the trading of 4.02 million shares in the previous session.
Levels Of Support And Resistance For SWKS Stock
The 24-hour chart illustrates a support level at 91.19, which if violated will result in even more drops to 90.61. On the upside, there is a resistance level at 92.67. A further resistance level may holdings at 93.57. The Relative Strength Index (RSI) on the 14-day chart is 37.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.45%. Stochastics %K at 11.32% indicates the stock is a buying.
The most recent change occurred on January 31, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $125.
