Skyworks Solutions CEO David Aldrich Unloads 27,000 Shares (SWKS)
Skyworks Solutions (NASDAQ:SWKS) CEO David Aldrich sold 27,000 shares of Skyworks Solutions stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $25.68, for a total transaction of $693,360.00. Following the transaction, the chief executive officer now directly owns 394,361 shares in the company. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
SWKS has been the subject of a number of recent research reports. Analysts at Raymond James upgraded shares of Skyworks Solutions (NASDAQ:SWKS) from an “outperform” rating to a “strong-buy” rating in a research note to investors on Wednesday, September 11th. They now have a $32.00 price target on the stock, up previously from $29.00. Finally, analysts at Canaccord Genuity raised their price target on shares of Skyworks Solutions (NASDAQ:SWKS) to $30.00 in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock.
One analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $30.15.
Skyworks Solutions (NASDAQ:SWKS) traded down 0.16% on Friday, hitting $25.59. The stock had a trading volume of 3,591,099 shares. Skyworks Solutions has a one year low of $19.21 and a one year high of $26.46. The stock’s 50-day moving average is $25.06 and its 200-day moving average is $22.92. The company has a market cap of $4.804 billion and a P/E ratio of 19.43.
Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, July 18th. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.01. The company had revenue of $436.10 million for the quarter, compared to the consensus estimate of $435.40 million. During the same quarter last year, the company posted $0.45 earnings per share. Skyworks Solutions’s revenue was up 12.1% compared to the same quarter last year. Analysts expect that Skyworks Solutions will post $2.19 EPS for the current fiscal year.
Skyworks Solutions, Inc (NASDAQ:SWKS) offers analog and mixed signal semiconductors.
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