Skyworks Solutions, Inc. (NASDAQ:SWKS) SVP Carlos S. Bori sold 3,850 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $98.15, for a total value of $377,877.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Skyworks Solutions, Inc. (NASDAQ SWKS) traded down $0.40 during midday trading on Friday, reaching $96.28. The company had a trading volume of 2,493,811 shares, compared to its average volume of 2,025,963. The company has a market cap of $17,700.00, a price-to-earnings ratio of 16.02, a PEG ratio of 0.96 and a beta of 0.84. Skyworks Solutions, Inc. has a 1-year low of $73.94 and a 1-year high of $117.65.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.28 dividend on an annualized basis and a yield of 1.33%. Skyworks Solutions’s payout ratio is 23.66%.

SWKS has been the subject of several research analyst reports. Vetr cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $113.85 price objective for the company. in a research report on Monday, August 14th. BidaskClub raised Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Zacks Investment Research cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. KeyCorp reaffirmed a “buy” rating and issued a $120.00 price target on shares of Skyworks Solutions in a report on Friday, September 1st. Finally, Citigroup raised Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 price target for the company in a report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $115.72.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Girard Partners LTD. boosted its position in Skyworks Solutions by 0.3% in the 2nd quarter. Girard Partners LTD. now owns 5,819 shares of the semiconductor manufacturer’s stock valued at $558,000 after buying an additional 16 shares during the last quarter. Cadence Capital Management LLC lifted its stake in shares of Skyworks Solutions by 0.3% in the 2nd quarter. Cadence Capital Management LLC now owns 7,687 shares of the semiconductor manufacturer’s stock valued at $738,000 after purchasing an additional 21 shares during the period. Montag A & Associates Inc. lifted its stake in shares of Skyworks Solutions by 0.5% in the 2nd quarter. Montag A & Associates Inc. now owns 9,108 shares of the semiconductor manufacturer’s stock valued at $874,000 after purchasing an additional 41 shares during the period. Krilogy Financial LLC lifted its stake in shares of Skyworks Solutions by 1.9% in the 2nd quarter. Krilogy Financial LLC now owns 2,726 shares of the semiconductor manufacturer’s stock valued at $262,000 after purchasing an additional 50 shares during the period. Finally, Stephens Inc. AR lifted its stake in shares of Skyworks Solutions by 2.9% in the 2nd quarter. Stephens Inc. AR now owns 3,456 shares of the semiconductor manufacturer’s stock valued at $332,000 after purchasing an additional 98 shares during the period. Hedge funds and other institutional investors own 81.94% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Skyworks Solutions, Inc. (SWKS) SVP Sells $377,877.50 in Stock” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/08/skyworks-solutions-inc-swks-svp-sells-377877-50-in-stock.html.

Skyworks Solutions Company Profile

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)

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.