Skyworks Solutions, Inc. (NASDAQ:SWKS) Director Christine King sold 3,705 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total transaction of $395,768.10. Following the sale, the director now owns 16,641 shares of the company’s stock, valued at $1,777,591.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Skyworks Solutions, Inc. (NASDAQ SWKS) traded down 1.68% on Friday, reaching $104.64. 969,549 shares of the company traded hands. Skyworks Solutions, Inc. has a 52-week low of $65.76 and a 52-week high of $112.11. The stock has a market cap of $19.23 billion, a price-to-earnings ratio of 20.08 and a beta of 0.81. The stock has a 50 day moving average of $104.39 and a 200 day moving average of $101.70.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.05. The firm had revenue of $900.80 million during the quarter, compared to analysts’ expectations of $890.58 million. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.24 earnings per share. On average, analysts expect that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th were paid a $0.32 dividend. The ex-dividend date was Friday, August 4th. This represents a $1.28 dividend on an annualized basis and a yield of 1.22%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s dividend payout ratio (DPR) is currently 24.57%.

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A number of analysts recently weighed in on SWKS shares. Vetr upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $113.68 target price for the company in a report on Monday, June 12th. Instinet started coverage on shares of Skyworks Solutions in a research note on Wednesday. They issued a “buy” rating and a $115.00 price objective for the company. BidaskClub raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Argus started coverage on shares of Skyworks Solutions in a research note on Thursday, July 6th. They issued a “buy” rating and a $120.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $111.71.

Hedge funds have recently made changes to their positions in the business. Invictus RG acquired a new stake in Skyworks Solutions in the first quarter valued at $101,000. Winslow Evans & Crocker Inc. lifted its stake in Skyworks Solutions by 3.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock valued at $104,000 after acquiring an additional 35 shares during the last quarter. WFG Advisors LP lifted its stake in Skyworks Solutions by 18.6% in the first quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock valued at $113,000 after acquiring an additional 181 shares during the last quarter. Sun Life Financial INC lifted its stake in Skyworks Solutions by 551.5% in the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after acquiring an additional 1,136 shares during the last quarter. Finally, TrimTabs Asset Management LLC lifted its stake in Skyworks Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock valued at $138,000 after acquiring an additional 664 shares during the last quarter. Hedge funds and other institutional investors own 80.86% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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