In a filing, Skyworks Solutions, Inc revealed its SVP, Gen. Counsel & Secretary TERRY ROBERT JOHN unloaded Company’s shares for reported $0.93 million on Nov 11 ’24. In the deal valued at $88.01 per share,10,522 shares were sold. As a result of this transaction, TERRY ROBERT JOHN now holds 15,960 shares worth roughly $1.34 million.
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Then, TERRY ROBERT JOHN sold 1,915 shares, generating $166,260 in total proceeds. Upon selling the shares at $86.82, the SVP, Gen. Counsel & Secretary now owns 14,045 shares.
Before that, Kasnavi Reza sold 3,059 shares. Skyworks Solutions, Inc shares valued at $269,080 were divested by the SVP, Tech. & Manufacturing at a price of $87.96 per share. As a result of the transaction, Kasnavi Reza now holds 19,802 shares, worth roughly $1.66 million.
B. Riley Securities reiterated its Skyworks Solutions, Inc [SWKS] rating to a Buy in a research note published on November 14, 2024; the price target was $110. A number of analysts have revised their coverage, including Loop Capital’s analysts, who began to cover the stock in mid November with a ‘”a Hold”‘ rating. Barclays also remained covering SWKS and has decreased its forecast on October 10, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. TD Cowen maintained its rating on July 31, 2024. It rated SWKS as “a Hold”.
Price Performance Review of SWKS
On Monday, Skyworks Solutions, Inc [NASDAQ:SWKS] saw its stock jump 0.36% to $83.99. Over the last five days, the stock has lost -4.54%. Skyworks Solutions, Inc shares have fallen nearly -25.29% since the year began. Nevertheless, the stocks have fallen -10.05% over the past one year. While a 52-week high of $120.86 was reached on 07/16/24, a 52-week low of $82.13 was recorded on 11/13/24. SMA at 50 days reached $94.82, while 200 days put it at $101.21.
Levels Of Support And Resistance For SWKS Stock
The 24-hour chart illustrates a support level at 83.10, which if violated will result in even more drops to 82.22. On the upside, there is a resistance level at 85.15. A further resistance level may holdings at 86.32. The Relative Strength Index (RSI) on the 14-day chart is 31.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.53%. Stochastics %K at 13.54% indicates the stock is a buying.
How much short interest is there in Skyworks Solutions, Inc?
A steep rise in short interest was recorded in Skyworks Solutions, Inc stocks on 2024-10-31, growing by 2.27 million shares to a total of 8.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.24 million shares. There was a rise of 26.65%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 31, 2024 when Craig Hallum resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $140.
