Skyworks Solutions (NASDAQ:SWKS) has tumbled 2.41% during the past week and has dropped 0.91% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.24%. Skyworks Solutions (NASDAQ:SWKS) has underperformed the index by 1.82% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Skyworks Solutions (NASDAQ:SWKS): The stock opened at $64.74 on Friday but the bulls could not build on the opening and the stock topped out at $64.74 for the day. The stock traded down to $63.31 during the day, due to lack of any buying support eventually closed down at $63.97 with a loss of -1.25% for the day. The stock had closed at $64.78 on the previous day. The total traded volume was 2,401,411 shares.
The company shares have dropped -41.95% from its 1 Year high price. On Jun 19, 2015, the shares registered one year high at $112.88 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $65.52 and the 200 Day Moving Average price is recorded at $70.41.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Executive Chairman) of Skyworks Solutions, Inc., Aldrich David J had sold 15,000 shares worth of $972,450 in a transaction dated June 14, 2016. In this transaction, 15,000 shares were sold at $64.83 per share.
Many analysts have stated their opinion on the company shares. Citigroup upgrades its view on Skyworks Solutions (NASDAQ:SWKS) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. Citigroup lowers the price target from $69.5 per share to $65 per share on Skyworks Solutions . The rating by the firm was issued on June 9, 2016. Currently the company Insiders own 0.62% of Skyworks Solutions shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -32.39% . Institutional Investors own 79.14% of Skyworks Solutions shares. During last six month period, the net percent change held by insiders has seen a change of -38.1%.
Skyworks Solutions Inc. is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Companys portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics. The Companys products include Front-end Modules and Amplifiers, Wireless Infrastructure, Power Management, Precision Analog Components, WiFi Connectivity, and Smart Energy.