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Skyworks Solutions (NASDAQ:SWKS) Director David J. Mclachlan sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $40.90, for a total value of $81,800.00. Following the completion of the sale, the director now directly owns 59,765 shares of the company’s stock, valued at approximately $2,444,389. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Skyworks Solutions (NASDAQ:SWKS) traded down 0.05% during mid-day trading on Thursday, hitting $41.24. 1,911,199 shares of the company’s stock traded hands. Skyworks Solutions has a 52 week low of $20.62 and a 52 week high of $44.17. The stock’s 50-day moving average is $39. and its 200-day moving average is $32.90. The company has a market cap of $7.819 billion and a P/E ratio of 24.54.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings data on Tuesday, April 22nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. The company had revenue of $481.00 million for the quarter, compared to the consensus estimate of $470.26 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, analysts predict that Skyworks Solutions will post $2.81 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 22nd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, May 9th.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Skyworks Solutions in a research note on Thursday, April 24th. They now have a $44.00 price target on the stock. Separately, analysts at Topeka Capital Markets raised their price target on shares of Skyworks Solutions from $37.00 to $48.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. Finally, analysts at Bank of America raised their price target on shares of Skyworks Solutions to $48.00 in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Skyworks Solutions presently has a consensus rating of “Buy” and a consensus price target of $43.06.

Skyworks Solutions, Inc (NASDAQ:SWKS) is a producer of analog semiconductors.

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