Insider Selling: Skyworks Solutions, Inc. (SWKS) Director Sells 3,705 Shares of Stock
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.
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