Large Inflow of Money Detected in Skyworks Solutions

Skyworks Solutions (SWKS) : Tuesdays money flow data in Skyworks Solutions (SWKS) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $60.61 million, whereas, $57.54 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.05, in favor of the bulls. The total money flow into the stock was $3.07 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $5.97 million. The total value of block trades done on upticks was $22.02 million. The value of bearish trades on downticks was only $16.05 million.The up/down ratio in the block trades was a healthy 1.37 in favor of the bulls, suggesting strong buying in the stock by large traders. Skyworks Solutions (SWKS) fell $1.04 and traded at $74.19, down -1.38% for the day, over previous days close. On a weekly basis, the shares are -0.88% over the previous weeks close.


Also, In a research note released to the investors, CLSA upgrades its rating on Skyworks Solutions (NASDAQ:SWKS).The analysts at the brokerage house have a current rating of Outperform on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. In a recent information released to the investors, CLSA raises the new price target from $73 per share to $77 per share. The rating by the firm was issued on August 9, 2016.

Shares of Skyworks Solutions Inc. rose by 0.57% in the last five trading days and 12.66% for the last 4 weeks. Skyworks Solutions Inc. is up 10.77% in the last 3-month period. Year-to-Date the stock performance stands at -2.19%.

Skyworks Solutions (NASDAQ:SWKS): The stock opened at $74.40 on Tuesday but the bulls could not build on the opening and the stock topped out at $75.79 for the day. The stock traded down to $73.84 during the day, due to lack of any buying support eventually closed down at $74.20 with a loss of -1.36% for the day. The stock had closed at $75.22 on the previous day. The total traded volume was 3,899,207 shares.

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.

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