Skyworks Solutions, Inc. (SWKS) Insider Sells $784,680.00 in Stock

Skyworks Solutions, Inc. (NASDAQ:SWKS) insider Peter L. Gammel sold 7,800 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $100.60, for a total value of $784,680.00. Following the transaction, the insider now owns 12,680 shares of the company’s stock, valued at approximately $1,275,608. The transaction was disclosed in a filing with the SEC, which is available at this link.

Skyworks Solutions, Inc. (SWKS) traded down $3.09 during trading on Friday, hitting $99.20. 3,309,007 shares of the stock were exchanged, compared to its average volume of 2,300,000. Skyworks Solutions, Inc. has a one year low of $78.18 and a one year high of $117.65. The firm has a market cap of $18,230.00, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 1.02 and a beta of 0.83.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Monday, November 6th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.05. Skyworks Solutions had a net margin of 27.67% and a return on equity of 29.17%. research analysts expect that Skyworks Solutions, Inc. will post 6.69 earnings per share for the current year.

A number of research firms have issued reports on SWKS. Zacks Investment Research cut Skyworks Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Vetr upgraded Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $119.64 target price for the company in a report on Wednesday, November 29th. Bank of America increased their target price on Skyworks Solutions from $120.00 to $125.00 in a report on Tuesday, November 7th. Drexel Hamilton reiterated a “buy” rating and set a $128.00 target price (up previously from $120.00) on shares of Skyworks Solutions in a report on Tuesday, November 7th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $100.00 target price on shares of Skyworks Solutions in a report on Monday, November 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Skyworks Solutions presently has a consensus rating of “Buy” and a consensus price target of $116.00.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Skyworks Solutions by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock valued at $1,758,380,000 after purchasing an additional 502,995 shares during the last quarter. Manning & Napier Advisors LLC lifted its position in Skyworks Solutions by 9.3% during the third quarter. Manning & Napier Advisors LLC now owns 2,190,222 shares of the semiconductor manufacturer’s stock worth $223,182,000 after acquiring an additional 186,077 shares during the last quarter. Old Mutual Global Investors UK Ltd. lifted its position in Skyworks Solutions by 27.9% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,670,875 shares of the semiconductor manufacturer’s stock worth $170,262,000 after acquiring an additional 364,933 shares during the last quarter. Voya Investment Management LLC lifted its position in Skyworks Solutions by 953.8% during the second quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock worth $123,813,000 after acquiring an additional 1,167,942 shares during the last quarter. Finally, APG Asset Management N.V. lifted its position in Skyworks Solutions by 23.9% during the third quarter. APG Asset Management N.V. now owns 1,286,939 shares of the semiconductor manufacturer’s stock worth $131,139,000 after acquiring an additional 248,200 shares during the last quarter. Institutional investors and hedge funds own 81.59% of the company’s stock.

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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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