Skyworks Solutions CEO David Aldrich Sells 27,000 Shares (SWKS)
Skyworks Solutions (NASDAQ:SWKS) CEO David Aldrich unloaded 27,000 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $25.39, for a total value of $685,530.00. Following the completion of the sale, the chief executive officer now directly owns 387,361 shares in the company, valued at approximately $9,835,096. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on SWKS. Analysts at B. Riley downgraded shares of Skyworks Solutions (NASDAQ:SWKS) from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, September 25th. Separately, 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 Raymond James downgraded shares of Skyworks Solutions (NASDAQ:SWKS) from a “strong-buy” rating to an “outperform” rating in a research note to investors on Thursday, August 22nd. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $29.64.
Shares of Skyworks Solutions (NASDAQ:SWKS) traded up 2.89% during mid-day trading on Friday, hitting $25.64. The stock had a trading volume of 2,479,685 shares. Skyworks Solutions has a 52-week low of $19.21 and a 52-week high of $26.46. The stock has a 50-day moving average of $25.35 and a 200-day moving average of $23.19. The company has a market cap of $4.814 billion and a P/E ratio of 18.89.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings data on Thursday, July 18th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the 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.
Skyworks Solutions, Inc (NASDAQ:SWKS) offers analog and mixed signal semiconductors.
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