Skyworks Solutions, Inc. (NASDAQ:SWKS) Short Interest Up 42.4% in May

Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 3,960,000 shares, a growth of 42.4% from the May 15th total of 2,780,000 shares. Based on an average daily trading volume, of 2,100,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 2.5% of the shares of the stock are sold short.

In related news, CEO Liam Griffin sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $140.00, for a total value of $1,400,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.31% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Cetera Advisors LLC boosted its position in Skyworks Solutions by 32.3% in the 3rd quarter. Cetera Advisors LLC now owns 7,937 shares of the semiconductor manufacturer’s stock valued at $1,308,000 after buying an additional 1,940 shares during the period. Kempner Capital Management Inc. purchased a new position in Skyworks Solutions in the 4th quarter valued at approximately $1,519,000. Yousif Capital Management LLC purchased a new position in Skyworks Solutions in the 4th quarter valued at approximately $3,939,000. First Hawaiian Bank boosted its position in Skyworks Solutions by 504.7% in the 4th quarter. First Hawaiian Bank now owns 14,917 shares of the semiconductor manufacturer’s stock valued at $2,314,000 after buying an additional 12,450 shares during the period. Finally, Kozak & Associates Inc. purchased a new position in Skyworks Solutions in the 3rd quarter valued at approximately $70,000. 72.09% of the stock is owned by institutional investors.

A number of research analysts have weighed in on the stock. Craig Hallum decreased their target price on shares of Skyworks Solutions from $220.00 to $180.00 in a research note on Wednesday, May 4th. B. Riley decreased their target price on shares of Skyworks Solutions from $125.00 to $110.00 in a research note on Wednesday. KeyCorp decreased their target price on shares of Skyworks Solutions from $225.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 12th. StockNews.com initiated coverage on shares of Skyworks Solutions in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Mizuho cut their price target on shares of Skyworks Solutions from $175.00 to $170.00 in a report on Wednesday, May 4th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and an average price target of $173.55.

Skyworks Solutions stock opened at $92.76 on Wednesday. Skyworks Solutions has a fifty-two week low of $91.83 and a fifty-two week high of $197.62. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.65 and a current ratio of 3.98. The firm has a 50 day moving average price of $109.92 and a 200 day moving average price of $132.07. The company has a market capitalization of $14.93 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 0.79 and a beta of 1.13.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last posted its earnings results on Tuesday, May 3rd. The semiconductor manufacturer reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.06. Skyworks Solutions had a net margin of 25.98% and a return on equity of 30.60%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the firm earned $2.03 EPS. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, equities research analysts forecast that Skyworks Solutions will post 9.82 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 14th. Shareholders of record on Tuesday, May 24th were given a $0.56 dividend. The ex-dividend date of this dividend was Monday, May 23rd. This represents a $2.24 annualized dividend and a yield of 2.41%. Skyworks Solutions’s dividend payout ratio is presently 27.22%.

About Skyworks Solutions (Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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