Skyworks Solutions Inc. (SWKS) EVP Sells $2,901,760.00 in Stock
Skyworks Solutions Inc. (NASDAQ:SWKS) EVP Bruce J. Freyman sold 36,272 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $80.00, for a total value of $2,901,760.00. Following the completion of the sale, the executive vice president now owns 41,675 shares of the company’s stock, valued at approximately $3,334,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Bruce J. Freyman also recently made the following trade(s):
- On Monday, August 29th, Bruce J. Freyman sold 3,221 shares of Skyworks Solutions stock. The stock was sold at an average price of $75.00, for a total value of $241,575.00.
Skyworks Solutions Inc. (NASDAQ:SWKS) traded down 0.77% during trading on Wednesday, reaching $78.82. The company’s stock had a trading volume of 2,056,111 shares. Skyworks Solutions Inc. has a 12 month low of $54.50 and a 12 month high of $88.52. The stock’s 50 day moving average is $74.87 and its 200 day moving average is $69.63. The company has a market cap of $14.78 billion, a price-to-earnings ratio of 15.61 and a beta of 1.06.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/12/skyworks-solutions-inc-swks-evp-sells-2901760-00-in-stock.html
Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.03. The company earned $751.70 million during the quarter, compared to analyst estimates of $750.22 million. Skyworks Solutions had a return on equity of 29.31% and a net margin of 29.32%. On average, equities analysts expect that Skyworks Solutions Inc. will post $5.53 EPS for the current fiscal year.
Several equities research analysts have issued reports on the company. Vetr upgraded Skyworks Solutions from a “sell” rating to a “hold” rating and set a $80.30 price target for the company in a report on Tuesday. Charter Equity upgraded Skyworks Solutions from a “market perform” rating to a “buy” rating in a report on Tuesday, October 4th. Canaccord Genuity restated a “buy” rating and issued a $92.00 price target on shares of Skyworks Solutions in a report on Friday, September 23rd. Brean Capital restated a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, September 21st. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $100.00 price target on shares of Skyworks Solutions in a report on Friday, September 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $83.05.
Institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors raised its position in Skyworks Solutions by 18.9% in the second quarter. Capital Research Global Investors now owns 23,273,661 shares of the semiconductor manufacturer’s stock valued at $1,472,757,000 after buying an additional 3,692,877 shares in the last quarter. Vanguard Group Inc. raised its position in Skyworks Solutions by 1.3% in the second quarter. Vanguard Group Inc. now owns 16,889,062 shares of the semiconductor manufacturer’s stock valued at $1,068,740,000 after buying an additional 212,799 shares in the last quarter. Wellington Management Group LLP raised its position in Skyworks Solutions by 220.3% in the first quarter. Wellington Management Group LLP now owns 6,231,589 shares of the semiconductor manufacturer’s stock valued at $485,441,000 after buying an additional 4,286,283 shares in the last quarter. BlackRock Fund Advisors raised its position in Skyworks Solutions by 3.7% in the second quarter. BlackRock Fund Advisors now owns 3,514,916 shares of the semiconductor manufacturer’s stock valued at $222,424,000 after buying an additional 124,229 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Skyworks Solutions by 28.3% in the second quarter. Bank of New York Mellon Corp now owns 2,393,648 shares of the semiconductor manufacturer’s stock valued at $151,471,000 after buying an additional 528,111 shares in the last quarter. 76.66% of the stock is owned by institutional investors.
About Skyworks Solutions
Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.
Receive News & Ratings for Skyworks Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.