Skyworks Solutions (NASDAQ:SWKS) provides analog semiconductors worldwide.
Insider selling during the last 30 days
Here is a table of Skyworks' insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|Mark Tremallo||VP||May 2-5||26,800||No||31,507 shares + 9,600 options||39.5%|
|David Aldrich||CEO||May 2||50,000||No||283,303 shares||15.0%|
|David McLachlan||Director||April 22-23||2,000||Yes||57,315 shares||3.4%|
There have been 78,800 shares sold by insiders during the last 30 days. David McLachlan sold shares pursuant to a Rule 10b5-1 plan. More details about the Rule 10b5-1 trading plan can be found from this link.
Insider selling by calendar month
Here is a table of Skyworks' insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 1,337,197 shares sold, and there have been zero shares purchased by insiders since January 2013.
Skyworks reported the fiscal 2014 second-quarter, which ended March 28, financial results on April 22 with the following highlights:
|Net income||$76.9 million|
The three insiders sold their shares after these results.
Skyworks' fiscal 2014 third-quarter guidance is as follows:
|Qtrly Rev Growth (yoy):||0.13||0.01||0.23||-0.09|
|PEG (5 yr expected):||0.87||1.90||1.31||0.65|
Skyworks has the second-lowest gross margin among these four companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
RF Micro Devices has also seen intensive insider selling during the last 30 days.
There have been three different insiders selling Skyworks, and there have not been any insiders buying Skyworks during the last 30 days. Two of these three insiders decreased their holdings by more than 10%. Skyworks has an insider ownership of 0.66%.
Before going short Skyworks, I would like to get a bearish confirmation from the Point & Figure chart. The main reason for the proposed short entry is the intensive insider-selling activity.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.