Liam Griffin Sells 8,056 Shares of Skyworks Solutions, Inc. (SWKS) Stock
Skyworks Solutions, Inc. (NASDAQ:SWKS) insider Liam Griffin sold 8,056 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $105.31, for a total value of $848,377.36. Following the sale, the insider now directly owns 54,310 shares of the company’s stock, valued at $5,719,386.10. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Liam Griffin also recently made the following trade(s):
- On Thursday, May 11th, Liam Griffin sold 18,250 shares of Skyworks Solutions stock. The stock was sold at an average price of $101.88, for a total value of $1,859,310.00.
- On Monday, May 1st, Liam Griffin sold 21,000 shares of Skyworks Solutions stock. The stock was sold at an average price of $100.25, for a total value of $2,105,250.00.
Skyworks Solutions, Inc. (NASDAQ:SWKS) traded down 0.31% during trading on Thursday, hitting $107.00. The company had a trading volume of 3,053,252 shares. Skyworks Solutions, Inc. has a one year low of $62.40 and a one year high of $112.11. The company has a market capitalization of $19.71 billion, a price-to-earnings ratio of 20.54 and a beta of 0.81. The stock has a 50-day moving average of $102.74 and a 200 day moving average of $98.32. Skyworks Solutions also saw some unusual options trading on Monday. Traders bought 12,219 put options on the stock. This is an increase of approximately 535% compared to the typical daily volume of 1,923 put options.
Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, beating the consensus estimate of $1.52 by $0.05. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The company had revenue of $900.80 million for the quarter, compared to the consensus estimate of $890.58 million. During the same quarter in the prior year, the business earned $1.24 earnings per share. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. Equities analysts forecast that Skyworks Solutions, Inc. will post $6.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th will be given a $0.32 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, August 4th. This represents a $1.28 annualized dividend and a dividend yield of 1.20%. Skyworks Solutions’s dividend payout ratio is presently 21.50%.
SWKS has been the subject of a number of recent research reports. Zacks Investment Research raised Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research note on Tuesday, April 11th. Craig Hallum raised their price target on Skyworks Solutions from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, April 4th. Macquarie initiated coverage on Skyworks Solutions in a research note on Thursday, March 30th. They set an “outperform” rating and a $110.00 price target for the company. Mizuho reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Friday, April 28th. Finally, Charter Equity reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Saturday, April 29th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the stock. Skyworks Solutions currently has an average rating of “Buy” and a consensus price target of $108.09.
Several institutional investors have recently bought and sold shares of SWKS. Winslow Evans & Crocker Inc. increased its position in Skyworks Solutions by 5.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock valued at $103,000 after buying an additional 50 shares during the last quarter. Orrstown Financial Services Inc. increased its position in Skyworks Solutions by 2.0% in the first quarter. Orrstown Financial Services Inc. now owns 18,789 shares of the semiconductor manufacturer’s stock valued at $1,841,000 after buying an additional 375 shares during the last quarter. Gulf International Bank UK Ltd increased its position in Skyworks Solutions by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 56,653 shares of the semiconductor manufacturer’s stock valued at $5,550,000 after buying an additional 700 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in Skyworks Solutions during the first quarter valued at approximately $6,378,000. Finally, Fulton Bank N.A. increased its position in Skyworks Solutions by 9.7% in the first quarter. Fulton Bank N.A. now owns 19,568 shares of the semiconductor manufacturer’s stock valued at $1,917,000 after buying an additional 1,726 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors.
About Skyworks Solutions
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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