Skyworks Solutions Inc (NASDAQ:SWKS) Director David J. Aldrich sold 5,000 shares of Skyworks Solutions stock in a transaction on Friday, July 12th. The stock was sold at an average price of $79.34, for a total transaction of $396,700.00. Following the transaction, the director now directly owns 208,032 shares of the company’s stock, valued at $16,505,258.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
SWKS stock traded up $1.83 during midday trading on Friday, hitting $81.01. The stock had a trading volume of 1,016,919 shares, compared to its average volume of 2,042,844. The company has a market cap of $13.80 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 1.49 and a beta of 0.98. Skyworks Solutions Inc has a 12-month low of $60.12 and a 12-month high of $103.95. The business has a 50-day moving average price of $73.70.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, May 2nd. The semiconductor manufacturer reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.04. The firm had revenue of $810.40 million during the quarter, compared to analysts’ expectations of $809.52 million. Skyworks Solutions had a net margin of 29.06% and a return on equity of 28.25%. Skyworks Solutions’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.64 EPS. As a group, analysts expect that Skyworks Solutions Inc will post 5.68 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the business. Cognios Capital LLC purchased a new stake in shares of Skyworks Solutions in the 1st quarter worth $2,210,000. Sit Investment Associates Inc. lifted its position in shares of Skyworks Solutions by 1.2% in the first quarter. Sit Investment Associates Inc. now owns 160,265 shares of the semiconductor manufacturer’s stock valued at $13,219,000 after acquiring an additional 1,886 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Skyworks Solutions by 593.7% in the first quarter. Meeder Asset Management Inc. now owns 2,088 shares of the semiconductor manufacturer’s stock valued at $172,000 after acquiring an additional 1,787 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in Skyworks Solutions by 6.5% during the first quarter. Gateway Investment Advisers LLC now owns 178,524 shares of the semiconductor manufacturer’s stock worth $14,725,000 after buying an additional 10,854 shares in the last quarter. Finally, ARS Investment Partners LLC purchased a new position in Skyworks Solutions during the first quarter worth approximately $12,178,000. 80.98% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have commented on SWKS. BMO Capital Markets set a $66.00 price objective on shares of CyrusOne and gave the stock a “buy” rating in a research report on Friday, May 3rd. Canaccord Genuity reissued a “buy” rating and set a $1.80 price objective on shares of Meridian Bioscience in a research note on Wednesday, June 5th. Piper Jaffray Companies dropped their price objective on shares of Skyworks Solutions from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, June 5th. B. Riley set a $26.00 price objective on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a research note on Wednesday, June 5th. Finally, Craig Hallum cut shares of Cypress Semiconductor from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $86.38.
Skyworks Solutions Company Profile
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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