Skyworks Solutions CEO Unloads $1,819,335 in Stock (SWKS)
Skyworks Solutions (NASDAQ:SWKS) CEO David J. Aldrich unloaded 58,256 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $31.23, for a total value of $1,819,334.88. Following the sale, the chief executive officer now directly owns 314,009 shares in the company, valued at approximately $9,806,501. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Skyworks Solutions (NASDAQ:SWKS) traded down 1.27% during mid-day trading on Monday, hitting $30.38. The stock had a trading volume of 3,038,835 shares. Skyworks Solutions has a 52 week low of $19.57 and a 52 week high of $31.80. The stock has a 50-day moving average of $28.49 and a 200-day moving average of $25.90. The company has a market cap of $5.657 billion and a P/E ratio of 19.23.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings data on Thursday, January 16th. The company reported $0.67 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.54 earnings per share. Skyworks Solutions’s revenue was up 11.3% compared to the same quarter last year. On average, analysts predict that Skyworks Solutions will post $2.60 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SWKS shares. Analysts at Zacks reiterated a “neutral” rating on shares of Skyworks Solutions in a research note to investors on Tuesday, January 21st. 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 equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $34.36.
Skyworks Solutions, Inc (NASDAQ:SWKS) offers analog and mixed signal semiconductors.
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