Insider Selling: Kevin L. Beebe Sells 15,000 Shares of Skyworks Solutions Stock (SWKS)
Skyworks Solutions (NASDAQ:SWKS) Director Kevin L. Beebe sold 15,000 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $56.37, for a total value of $845,550.00. Following the completion of the transaction, the director now directly owns 61,165 shares in the company, valued at approximately $3,447,871. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of 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 52 week low of $23.27 and a 52 week 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 price-to-earnings ratio of 29.46.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings data 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. Analysts expect that Skyworks Solutions will post $3.13 EPS for the current fiscal year.
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 equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $55.76.
Skyworks Solutions, Inc (NASDAQ:SWKS) is a producer of analog semiconductors.
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