Skyworks Solutions Inc (NASDAQ:SWKS) on Focus After Report of Less Shorts

September 30, 2018 - By Richard Slagle

Skyworks Solutions, Inc. (NASDAQ:SWKS) Logo

Investors sentiment decreased to 0.76 in Q2 2018. Its down 0.01, from 0.77 in 2018Q1. It worsened, as 55 investors sold Skyworks Solutions, Inc. shares while 229 reduced holdings. 54 funds opened positions while 162 raised stakes. 139.62 million shares or 0.72% less from 140.64 million shares in 2018Q1 were reported.
Plante Moran Advsr Limited Com reported 0% stake. First Foundation Advsrs holds 0.05% of its portfolio in Skyworks Solutions, Inc. (NASDAQ:SWKS) for 9,298 shares. British Columbia Invest Corp, British Columbia – Canada-based fund reported 76,804 shares. Lenox Wealth Mngmt, a Ohio-based fund reported 7,138 shares. The Arizona-based Arizona State Retirement Systems has invested 0.08% in Skyworks Solutions, Inc. (NASDAQ:SWKS). Bristol John W & Communications Ny reported 5,675 shares. Manufacturers Life Insurance The reported 0.02% in Skyworks Solutions, Inc. (NASDAQ:SWKS). Daiwa Grp Inc Inc Inc accumulated 0.05% or 60,441 shares. Country Club Tru Na holds 0.03% or 2,796 shares. California Employees Retirement System holds 0.06% of its portfolio in Skyworks Solutions, Inc. (NASDAQ:SWKS) for 446,355 shares. Whittier Of Nevada Inc invested in 47 shares or 0% of the stock. Earnest Prtnrs Limited Liability Corporation reported 0% in Skyworks Solutions, Inc. (NASDAQ:SWKS). Alps Advsrs Inc has invested 0.01% of its portfolio in Skyworks Solutions, Inc. (NASDAQ:SWKS). State Of Alaska Department Of Revenue, Alaska-based fund reported 36,533 shares. Rech Invsts owns 0.49% invested in Skyworks Solutions, Inc. (NASDAQ:SWKS) for 18.54 million shares.

Since April 12, 2018, it had 0 insider purchases, and 6 insider sales for $4.19 million activity. $928,900 worth of Skyworks Solutions, Inc. (NASDAQ:SWKS) was sold by ALDRICH DAVID J on Friday, August 24. KING CHRISTINE sold $234,506 worth of Skyworks Solutions, Inc. (NASDAQ:SWKS) on Wednesday, May 9.

The stock of Skyworks Solutions Inc (NASDAQ:SWKS) registered a decrease of 9.87% in short interest. SWKS’s total short interest was 5.96 million shares in September as published by FINRA. Its down 9.87% from 6.62M shares, reported previously. With 1.35M shares average volume, it will take short sellers 4 days to cover their SWKS’s short positions. The short interest to Skyworks Solutions Inc’s float is 3.34%.

The stock increased 0.86% or $0.77 during the last trading session, reaching $90.71. About 924,721 shares traded. Skyworks Solutions, Inc. (NASDAQ:SWKS) has declined 21.05% since September 30, 2017 and is downtrending. It has underperformed by 36.67% the S&P500.

Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, makes, and markets proprietary semiconductor products, including intellectual property worldwide. The company has market cap of $16.24 billion. The Company’s product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators. It has a 18.31 P/E ratio. The firm provides its products for automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet, and wearable applications.

Skyworks Solutions, Inc. (NASDAQ:SWKS) Ratings Coverage

Among 14 analysts covering Skyworks Solutions (NASDAQ:SWKS), 8 have Buy rating, 1 Sell and 5 Hold. Therefore 57% are positive. Skyworks Solutions had 15 analyst reports since April 5, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, July 20 by FBR Capital. Robert W. Baird initiated the stock with “Buy” rating in Wednesday, May 2 report. Canaccord Genuity maintained it with “Buy” rating and $110 target in Tuesday, May 1 report. JP Morgan maintained Skyworks Solutions, Inc. (NASDAQ:SWKS) on Tuesday, April 24 with “Neutral” rating. The firm has “Buy” rating by Craig Hallum given on Friday, May 4. Morgan Stanley maintained the shares of SWKS in report on Friday, July 20 with “Underweight” rating. On Monday, August 6 the stock rating was maintained by Morgan Stanley with “Underweight”. The firm has “Hold” rating given on Monday, April 23 by Cowen & Co. The company was downgraded on Tuesday, April 24 by Mizuho. The stock of Skyworks Solutions, Inc. (NASDAQ:SWKS) has “Buy” rating given on Friday, May 4 by Drexel Hamilton.

More recent Skyworks Solutions, Inc. (NASDAQ:SWKS) news were published by: Seekingalpha.com which released: “What to expect during Apple’s iPhone launch event” on September 11, 2018. Also Seekingalpha.com published the news titled: “Skyworks Solutions Has Not Bottomed – Cramer’s Lightning Round (9/11/18)” on September 12, 2018. Benzinga.com‘s news article titled: “Jim Cramer Shares Thoughts On Skyworks Solutions, Cypress Semiconductor, More” with publication date: September 12, 2018 was also an interesting one.

Skyworks Solutions, Inc. (NASDAQ:SWKS) Institutional Positions Chart

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