Skyworks Solutions CEO David Aldrich Sells 20,000 Shares (SWKS)
Skyworks Solutions (NASDAQ:SWKS) CEO David Aldrich sold 20,000 shares of Skyworks Solutions stock on the open market in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $28.01, for a total transaction of $560,200.00. Following the sale, the chief executive officer now directly owns 379,928 shares of the company’s stock, valued at approximately $10,641,783. The transaction was disclosed in a document filed with the SEC, which is available at this link.
SWKS has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Skyworks Solutions in a research note to investors on Thursday, November 7th. They now have a $27.00 price target on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Skyworks Solutions from $32.00 to $34.00 in a research note to investors on Thursday, October 31st. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Skyworks Solutions from $30.00 to $33.00 in a research note to investors on Thursday, October 31st. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Skyworks Solutions currently has an average rating of “Buy” and a consensus target price of $30.00.
Skyworks Solutions (NASDAQ:SWKS) traded down 0.32% on Monday, hitting $27.63. The stock had a trading volume of 2,180,925 shares. Skyworks Solutions has a 1-year low of $19.57 and a 1-year high of $28.64. The stock has a 50-day moving average of $27.38 and a 200-day moving average of $25.13. The company has a market cap of $5.206 billion and a P/E ratio of 19.12.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $477.00 million for the quarter, compared to the consensus estimate of $474.80 million. During the same quarter last year, the company posted $0.53 earnings per share. Skyworks Solutions’s revenue was up 13.3% compared to the same quarter last year. On average, analysts predict that Skyworks Solutions will post $2.57 earnings per share for the current fiscal year.
Skyworks Solutions, Inc (NASDAQ:SWKS) offers analog and mixed signal semiconductors.
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