Skyworks Solutions Sees Unusually High Options Volume (NASDAQ:SWKS)

Skyworks Solutions, Inc. (NASDAQ:SWKS) was the target of unusually large options trading activity on Monday. Stock investors bought 28,410 call options on the company. This is an increase of 546% compared to the typical volume of 4,396 call options.

Skyworks Solutions Trading Up 6.7%

Shares of Skyworks Solutions stock traded up $4.86 during trading on Monday, hitting $77.31. The stock had a trading volume of 2,716,514 shares, compared to its average volume of 4,144,354. The firm’s fifty day simple moving average is $69.31 and its 200-day simple moving average is $63.31. The stock has a market cap of $11.63 billion, a PE ratio of 32.10 and a beta of 1.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.38 and a quick ratio of 1.70. Skyworks Solutions has a 12 month low of $51.93 and a 12 month high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. The firm had revenue of $943.70 million during the quarter, compared to analysts’ expectations of $901.76 million. Skyworks Solutions had a net margin of 8.93% and a return on equity of 11.52%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 EPS. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. As a group, sell-side analysts expect that Skyworks Solutions will post 3.61 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th were given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Tuesday, May 26th. Skyworks Solutions’s payout ratio is 117.84%.

Institutional Investors Weigh In On Skyworks Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the business. Western Wealth Management LLC purchased a new position in Skyworks Solutions during the 1st quarter worth $1,221,000. Pacer Advisors Inc. grew its position in shares of Skyworks Solutions by 10.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,047,150 shares of the semiconductor manufacturer’s stock worth $56,075,000 after buying an additional 101,821 shares in the last quarter. Shariaportfolio Inc. bought a new position in shares of Skyworks Solutions during the 1st quarter worth $1,510,000. Parallel Advisors LLC increased its stake in shares of Skyworks Solutions by 34.1% during the first quarter. Parallel Advisors LLC now owns 4,175 shares of the semiconductor manufacturer’s stock valued at $224,000 after buying an additional 1,061 shares during the period. Finally, Glenmede Trust Co. NA increased its stake in shares of Skyworks Solutions by 17.9% during the first quarter. Glenmede Trust Co. NA now owns 244,788 shares of the semiconductor manufacturer’s stock valued at $13,108,000 after buying an additional 37,240 shares during the period. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on SWKS. B. Riley Financial upped their target price on shares of Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Stifel Nicolaus lifted their price target on Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Barclays raised Skyworks Solutions from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $60.00 to $70.00 in a research note on Wednesday, April 22nd. Loop Capital upped their price objective on Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. Finally, Craig Hallum raised their price objective on Skyworks Solutions from $75.00 to $85.00 in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and a consensus target price of $76.61.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.

Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.