Traders Buy Large Volume of Put Options on Skyworks Solutions (NASDAQ:SWKS)

Skyworks Solutions, Inc. (NASDAQ:SWKS) saw some unusual options trading on Monday. Investors purchased 9,333 put options on the company. This is an increase of 89% compared to the typical daily volume of 4,942 put options.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SWKS. KeyCorp lifted their target price on Skyworks Solutions from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. BNP Paribas Exane raised their price objective on shares of Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price objective on shares of Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Loop Capital raised their price target on shares of Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. Finally, Stifel Nicolaus lifted their price target on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and an average price target of $77.06.

Skyworks Solutions Stock Down 0.9%

Skyworks Solutions stock traded down $0.65 during mid-day trading on Monday, reaching $67.36. The stock had a trading volume of 1,879,245 shares, compared to its average volume of 4,263,851. The firm has a market capitalization of $10.13 billion, a PE ratio of 28.00 and a beta of 1.50. Skyworks Solutions has a fifty-two week low of $51.93 and a fifty-two week high of $90.90. The stock’s 50-day simple moving average is $70.79 and its 200-day simple moving average is $63.41. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.38.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. Skyworks Solutions had a return on equity of 11.52% and a net margin of 8.93%.The company had revenue of $943.70 million for the quarter, compared to analyst estimates of $901.76 million. During the same period in the prior year, the firm earned $1.24 earnings per share. Skyworks Solutions’s revenue for the quarter was down 1.0% on a year-over-year basis. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. On average, sell-side analysts forecast that Skyworks Solutions will post 3.61 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th were issued a dividend of $0.71 per share. The ex-dividend date was Tuesday, May 26th. This represents a $2.84 annualized dividend and a yield of 4.2%. Skyworks Solutions’s dividend payout ratio is presently 117.84%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Quest 10 Wealth Builders Inc. raised its holdings in shares of Skyworks Solutions by 488.6% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 342 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Skyworks Solutions during the 2nd quarter valued at about $32,000. MUFG Securities EMEA plc bought a new stake in Skyworks Solutions during the 2nd quarter worth approximately $33,000. Fideuram Asset Management Ireland dac bought a new stake in Skyworks Solutions during the 4th quarter worth approximately $29,000. Finally, Sound Income Strategies LLC raised its stake in shares of Skyworks Solutions by 137.1% in the fourth quarter. Sound Income Strategies LLC now owns 486 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 281 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

About Skyworks Solutions

Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.

Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.