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Skyworks Solutions (NASDAQ:SWKS) Director David J. Mclachlan unloaded 2,000 shares of Skyworks Solutions stock on the open market in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $46.89, for a total transaction of $93,780.00. Following the transaction, the director now directly owns 57,765 shares in the company, valued at approximately $2,708,601. The sale 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 Brean Capital raised their price target on shares of Skyworks Solutions from $51.00 to $54.00 in a research note on Wednesday, June 11th. They now have a “buy” rating on the stock. Separately, analysts at Needham & Company LLC raised their price target on shares of Skyworks Solutions from $46.00 to $50.00 in a research note on Thursday, June 5th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of Skyworks Solutions in a research note on Wednesday, June 4th. They now have a $55.00 price target on the stock, up previously from $50.00. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Skyworks Solutions has a consensus rating of “Buy” and an average price target of $46.59.

Skyworks Solutions (NASDAQ:SWKS) traded down 0.92% on Thursday, hitting $46.36. The stock had a trading volume of 2,553,975 shares. Skyworks Solutions has a one year low of $20.95 and a one year high of $49.10. The stock has a 50-day moving average of $44.48 and a 200-day moving average of $36.25. The company has a market cap of $8.789 billion and a P/E ratio of 27.83.

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 $2.96 earnings per share for the current fiscal year.

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

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