Insider Selling: David J. Aldrich Sells 21,800 Shares of Skyworks Solutions Stock (SWKS)
Skyworks Solutions (NASDAQ:SWKS) CEO David J. Aldrich sold 21,800 shares of Skyworks Solutions stock on the open market in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $56.57, for a total value of $1,233,226.00. Following the transaction, the chief executive officer now directly owns 187,742 shares in the company, valued at approximately $10,620,565. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at DA Davidson raised their price target on shares of Skyworks Solutions from $65.00 to $70.00 in a research note on Friday, August 29th. Separately, 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. Finally, analysts at Pacific Crest reiterated an “outperform” rating on shares of Skyworks Solutions in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $55.76.
Skyworks Solutions (NASDAQ:SWKS) traded down 1.42% on Wednesday, hitting $55.49. 3,586,930 shares of the company’s stock traded hands. Skyworks Solutions has a one year low of $23.27 and a one year high of $57.18. The stock has a 50-day moving average of $53.1 and a 200-day moving average of $43.99. The company has a market cap of $10.517 billion and a P/E ratio of 29.46.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.83 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 34.6% on a year-over-year basis. On average, analysts predict that Skyworks Solutions will post $3.13 earnings per share for the current fiscal year.
Skyworks Solutions, Inc (NASDAQ:SWKS) is a producer of analog semiconductors.
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