Insider Selling: Skyworks Solutions CEO Sells 60,000 Shares of Stock (SWKS)
Skyworks Solutions (NASDAQ:SWKS) CEO David Aldrich sold 60,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $28.00, for a total transaction of $1,680,000.00. Following the completion of the transaction, the chief executive officer now directly owns 349,928 shares in the company, valued at approximately $9,797,984. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Skyworks Solutions (NASDAQ:SWKS) traded up 0.11% on Friday, hitting $27.75. The stock had a trading volume of 1,956,470 shares. Skyworks Solutions has a one year low of $19.57 and a one year high of $28.64. The stock has a 50-day moving average of $27.64 and a 200-day moving average of $25.2. The company has a market cap of $5.228 billion and a price-to-earnings ratio of 19.12.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. On average, analysts predict that Skyworks Solutions will post $2.57 earnings per share for the current fiscal year.
A number of research firms have recently commented on SWKS. 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 investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $30.00.
Skyworks Solutions, Inc (NASDAQ:SWKS) offers analog and mixed signal semiconductors.
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