Skyworks Solutions (SWKS) has been under a strong bear grip, hence the stock is down -0.82% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.42% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.47% in the last 1 week, and is up 0.21% 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 1.55% and the 50-Day Moving Average is 3.82%. Skyworks Solutions (NASDAQ:SWKS): stock turned positive on Friday. Though the stock opened at $67.45, the bulls momentum made the stock top out at $67.85 level for the day. The stock recorded a low of $67.0101 and closed the trading day at $67.53, in the green by 0.18%. The total traded volume for the day was 1,452,201. The stock had closed at $67.41 in the previous days trading.
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 -21.83% . Institutional Investors own 75.78% of Skyworks Solutions shares. During last six month period, the net percent change held by insiders has seen a change of -40.05%. Also, CLSA upgrades their rating on the shares of Skyworks Solutions (NASDAQ:SWKS). The current rating of the shares is Outperform. Earlier, the shares were rated a Underperform by the brokerage firm. Equity Analysts at the Firm raises the price target to $77 per share from $73 per share. The rating by the firm was issued on August 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.