Skyworks Solutions Director Sells $111,060 in Stock (SWKS)
Skyworks Solutions (NASDAQ:SWKS) Director David J. Mclachlan unloaded 2,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $55.53, for a total value of $111,060.00. Following the sale, the director now directly owns 53,765 shares of the company’s stock, valued at approximately $2,985,570. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
SWKS has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Skyworks Solutions from $55.00 to $62.00 in a research note on Tuesday, August 12th. They now have a “buy” rating on the stock. Separately, analysts at Pacific Crest reiterated an “outperform” rating on shares of Skyworks Solutions in a research note on Thursday, August 7th. Finally, analysts at Tigress Financial downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $55.47.
Skyworks Solutions (NASDAQ:SWKS) traded down 1.00% during mid-day trading on Thursday, hitting $55.26. 1,847,778 shares of the company’s stock traded hands. Skyworks Solutions has a 52-week low of $23.27 and a 52-week high of $56.08. The stock has a 50-day moving average of $51.35 and a 200-day moving average of $42.39. The company has a market cap of $10.473 billion and a P/E ratio of 29.21.
Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, July 17th. The company reported $0.83 earnings per share for the quarter, missing the analysts’ consensus estimate of $80.00 by $79.17. The company had revenue of $587.00 million for the quarter, compared to the consensus estimate of $570.37 million. During the same quarter last year, the company posted $0.54 earnings per share. Skyworks Solutions’s revenue was up 34.6% compared to the same quarter last year. On average, analysts predict that Skyworks Solutions will post $3.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 21st. Investors of record on Thursday, August 7th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Tuesday, August 5th.
Skyworks Solutions, Inc (NASDAQ:SWKS) is a producer of analog semiconductors.
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