Skyworks Solutions (SWKS) : The total negative money flow of $5.01 million on Wednesday indicates selling on strength. The inflow of money on upticks was $17.97 million, compared to $22.98 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.78. The negative money flow of $7.12 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $1.34 million in a block trade.The transaction value of block trade on downtick was $8.46 million. The uptick to downtick ratio was 0.16. The price action in the Skyworks Solutions (SWKS) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $69.02 with a gain of $0.69 , a change of 1.01% over the previous days close. The stock registered 2.42% for the week.
Also, Pacific Crest downgrades its rating on Skyworks Solutions (NASDAQ:SWKS). The global brokerage major maintains a current price target of $90 per share. Analysts at the Pacific Crest have a current rating of Sector Weight on the shares. The shares were previously rated Overweight. The rating by the firm was issued on July 5, 2016.
Skyworks Solutions (NASDAQ:SWKS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $68.47 and $67.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $69.49, notching a gain of 1.70% for the day. The total traded volume was 3,220,759 . The stock had closed at $68.33 on the previous day.
The stock has recorded a 20-day Moving Average of 9.01% and the 50-Day Moving Average is 7.49%. 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.