Skyworks Solutions (SWKS) : Traders are bullish on Skyworks Solutions (SWKS) as it has outperformed the S&P 500 by a wide margin of 0.94% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.54%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.12% in the last 1 week, and is up 5.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 6.53% and the 50-Day Moving Average is 4.6%.
Skyworks Solutions (NASDAQ:SWKS): The stock was completely flat for the day, closing at $67.39 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $67.72, the stock touched an intraday high of $67.74 and a low of $67.02. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $67.39. The total trading volume on Friday was 1,791,446.
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 -35.84% . Institutional Investors own 79.11% of Skyworks Solutions shares. During last six month period, the net percent change held by insiders has seen a change of -41.42%. In a related news, The Securities and Exchange Commission has divulged that Aldrich David J, director officer (Executive Chairman) of Skyworks Solutions, Inc., had unloaded 15,000 shares at an average price of $59.7 in a transaction dated on July 5, 2016. The total value of the transaction was worth $895,500.
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.