Stock Traders Buy High Volume of Put Options on Skyworks Solutions (NASDAQ:SWKS)

Skyworks Solutions, Inc. (NASDAQ:SWKS) saw some unusual options trading activity on Monday. Investors purchased 9,333 put options on the stock. This is an increase of 89% compared to the typical daily volume of 4,942 put options.

Skyworks Solutions Trading Down 0.9%

NASDAQ SWKS traded down $0.65 on Monday, hitting $67.36. The company’s stock had a trading volume of 1,879,245 shares, compared to its average volume of 4,263,851. The company has a quick ratio of 1.70, a current ratio of 2.38 and a debt-to-equity ratio of 0.09. Skyworks Solutions has a 1-year low of $51.93 and a 1-year high of $90.90. The company’s 50-day moving average is $70.79 and its 200 day moving average is $63.41. The firm has a market cap of $10.13 billion, a PE ratio of 28.00 and a beta of 1.50.

Skyworks Solutions (NASDAQ:SWKS) last issued 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 company had revenue of $943.70 million for the quarter, compared to analyst estimates of $901.76 million. Skyworks Solutions had a net margin of 8.93% and a return on equity of 11.52%. Skyworks Solutions’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 earnings per share. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. As a group, analysts predict that Skyworks Solutions will post 3.61 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th were paid a $0.71 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $2.84 annualized dividend and a dividend yield of 4.2%. Skyworks Solutions’s dividend payout ratio is presently 117.84%.

Analyst Ratings Changes

SWKS has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on shares of Skyworks Solutions from $69.00 to $76.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Mizuho reiterated an “underperform” rating and set a $46.00 price target (down from $60.00) on shares of Skyworks Solutions in a report on Monday, April 20th. JPMorgan Chase & Co. increased their price target on Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Citigroup raised their price objective on Skyworks Solutions from $63.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, TD Cowen boosted their price objective on Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $77.06.

Institutional Trading of Skyworks Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Quest 10 Wealth Builders Inc. boosted its stake in shares of Skyworks Solutions by 488.6% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 342 shares during the last quarter. Sound Income Strategies LLC raised its stake in Skyworks Solutions by 137.1% during the fourth quarter. Sound Income Strategies LLC now owns 486 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 281 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in Skyworks Solutions by 93.8% in the first quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 257 shares during the period. Fideuram Asset Management Ireland dac bought a new stake in Skyworks Solutions during the fourth quarter valued at $29,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Skyworks Solutions during the second quarter valued at $32,000. 85.43% of the stock is currently owned by institutional investors.

About Skyworks Solutions

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.