Large Outflow of Money Witnessed in Skyworks Solutions

Skyworks Solutions (NASDAQ:SWKS) managed to eke out gains of 0.31% in intraday trade. The share price increased by 0.2 points to $65.75. Till last observation, the net money flow was recorded at a negative $(-3.06) million. The total inflow of $4.56 million in upticks was completely overshadowed by an outflow of $7.62 million in downticks, giving the up/down ratio a value of 0.6. The shares have seen a change of -1.78% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $0 million and the composite value in downticks was $2.48 million. The resultant up/down ratio for the block exchange was 0. The block trade had a negative money flow of $(-2.48) million.


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%. On the companys insider trading activities,The director officer (Executive Chairman) of Skyworks Solutions, Inc., Aldrich David J sold 15,000 shares at $66.73 on June 7, 2016. The Insider selling transaction had a total value worth of $1,000,950. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Skyworks Solutions (NASDAQ:SWKS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.59 points or 0.9% at $64.96 with 1,252,998 shares getting traded. Post opening the session at $65.02, the shares hit an intraday low of $64.821 and an intraday high of $66.13 and the price was in this range throughout the day. The company has a market cap of $12,358 million and the number of outstanding shares have been calculated to be 190,238,140 shares. The 52-week high of Skyworks Solutions (NASDAQ:SWKS) is $112.88 and the 52-week low is $54.5.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Citigroup upgrades its rating on Skyworks Solutions (NASDAQ:SWKS). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Citigroup lowers the price target from $69.5 per share to $65 per share. The rating by the firm was issued on June 9, 2016.

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.

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