Skyworks Solutions, Inc.’s filing revealed that its VP, Corp. Controller Carter Philip Matthew unloaded Company’s shares for reported $54240.0 on Jul 16 ’24. In the deal valued at $120.00 per share,452 shares were sold. As a result of this transaction, Carter Philip Matthew now holds 9,112 shares worth roughly $1.06 million.
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Then, Carter Philip Matthew sold 452 shares, generating $49,720 in total proceeds. Upon selling the shares at $110.00, the VP, Corp. Controller now owns 9,564 shares.
Before that, SCHRIESHEIM ROBERT A sold 25,433 shares. Skyworks Solutions, Inc. shares valued at $2,295,837 were divested by the Director at a price of $90.27 per share. As a result of the transaction, SCHRIESHEIM ROBERT A now holds 60,881 shares, worth roughly $7.07 million.
B. Riley Securities upgraded its Skyworks Solutions, Inc. [SWKS] rating to a Buy from a a Neutral in a research note published on June 20, 2024; the price target was increased to $130 from $96. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early May from “an Outperform” to “a Peer perform”. The Benchmark Company also remained covering SWKS and has decreased its forecast on May 01, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Cowen revised its rating on May 01, 2024. It rated SWKS as “a Hold” which previously was an “a Buy”.
Price Performance Review of SWKS
On Friday, Skyworks Solutions, Inc. [NASDAQ:SWKS] saw its stock jump 3.11% to $116.18. Over the last five days, the stock has gained 1.68%. Skyworks Solutions, Inc. shares have risen nearly 3.34% since the year began. Nevertheless, the stocks have risen 3.08% over the past one year. While a 52-week high of $120.86 was reached on 07/16/24, a 52-week low of $85.06 was recorded on 05/02/24. SMA at 50 days reached $103.17, while 200 days put it at $101.59. A total of 2.21 million shares were traded, compared to the trading of 2.93 million shares in the previous session.
Levels Of Support And Resistance For SWKS Stock
The 24-hour chart illustrates a support level at 114.30, which if violated will result in even more drops to 112.41. On the upside, there is a resistance level at 117.64. A further resistance level may holdings at 119.09. The Relative Strength Index (RSI) on the 14-day chart is 59.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.43%. Stochastics%K at 58.95% indicates the stock is a holding.
