Skyworks Solutions EVP Sells $40,226 in Stock (SWKS)
Skyworks Solutions (NASDAQ:SWKS) EVP Liam Griffin sold 1,275 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $31.55, for a total value of $40,226.25. Following the completion of the transaction, the executive vice president now directly owns 41,016 shares in the company, valued at approximately $1,294,055. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Skyworks Solutions (NASDAQ:SWKS) traded up 1.19% on Wednesday, hitting $31.59. 4,008,836 shares of the company’s stock traded hands. Skyworks Solutions has a 1-year low of $19.57 and a 1-year high of $31.80. The stock has a 50-day moving average of $28. and a 200-day moving average of $25.65. The company has a market cap of $5.952 billion and a P/E ratio of 21.53.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings data on Thursday, January 16th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.01. The company had revenue of $505.00 million for the quarter, compared to the consensus estimate of $500.01 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. On average, analysts predict that Skyworks Solutions will post $2.56 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Skyworks Solutions in a research note to investors on Tuesday. They now have a $32.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Skyworks Solutions from $23.00 to $26.00 in a research note to investors on Friday, January 17th. They now have an “equal weight” rating on the stock. Finally, analysts at DA Davidson reiterated a “buy” rating on shares of Skyworks Solutions in a research note to investors on Friday, January 17th. They now have a $40.00 price target on the stock, up previously from $35.00. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Skyworks Solutions currently has a consensus rating of “Buy” and an average target price of $34.36.
Skyworks Solutions, Inc (NASDAQ:SWKS) offers analog and mixed signal semiconductors.
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