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 $0.93 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 $6.21 million.
TD Cowen reiterated its Skyworks Solutions, Inc. [SWKS] rating to a Hold in a research note published on July 31, 2024; the price target was $110. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who remained covering the stock and in late July has reiterated a ‘”a Buy”‘ rating for it. B. Riley Securities also remained covering SWKS and has increased its forecast on June 20, 2024 with a “Buy” recommendation from previously “Neutral” rating. Wolfe Research revised its rating on May 09, 2024. It rated SWKS as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of SWKS
On Friday, Skyworks Solutions, Inc. [NASDAQ:SWKS] saw its stock fall -0.73% to $102.03. Over the last five days, the stock has lost -2.55%. Skyworks Solutions, Inc. shares have fallen nearly -9.24% since the year began. Nevertheless, the stocks have fallen -4.84% 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 $105.86, while 200 days put it at $102.15. A total of 1.2 million shares were traded, compared to the trading of 3.07 million shares in the previous session.
Levels Of Support And Resistance For SWKS Stock
The 24-hour chart illustrates a support level at 100.80, which if violated will result in even more drops to 99.56. On the upside, there is a resistance level at 102.94. A further resistance level may holdings at 103.85. The Relative Strength Index (RSI) on the 14-day chart is 41.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.42%. Stochastics%K at 17.81% indicates the stock is a buying.
