Skyworks Solutions Inc. (NASDAQ:SWKS) VP Mark V. B. Tremallo sold 17,100 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $76.40, for a total value of $1,306,440.00. Following the transaction, the vice president now owns 14,998 shares of the company’s stock, valued at approximately $1,145,847.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Mark V. B. Tremallo also recently made the following trade(s):

  • On Tuesday, September 20th, Mark V. B. Tremallo sold 7,692 shares of Skyworks Solutions stock. The shares were sold at an average price of $75.64, for a total value of $581,822.88.

Shares of Skyworks Solutions Inc. (NASDAQ:SWKS) opened at 79.34 on Friday. The company has a market cap of $14.88 billion, a P/E ratio of 15.71 and a beta of 1.06. Skyworks Solutions Inc. has a 1-year low of $54.50 and a 1-year high of $88.52. The stock’s 50 day moving average price is $74.09 and its 200 day moving average price is $69.55.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.03. Skyworks Solutions had a return on equity of 29.31% and a net margin of 29.32%. The firm had revenue of $751.70 million for the quarter, compared to the consensus estimate of $750.22 million. Equities research analysts forecast that Skyworks Solutions Inc. will post $5.53 earnings per share for the current year.

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

Several analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $93.00 target price on shares of Skyworks Solutions in a research note on Monday, July 25th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $100.00 target price on shares of Skyworks Solutions in a research note on Friday, July 15th. Credit Agricole SA raised Skyworks Solutions from an “underperform” rating to an “outperform” rating and lifted their target price for the company from $73.00 to $77.00 in a research note on Tuesday, August 9th. Charter Equity raised Skyworks Solutions from a “market perform” rating to a “buy” rating in a research note on Tuesday. Finally, Mizuho downgraded Skyworks Solutions from a “buy” rating to a “neutral” rating and cut their target price for the company from $99.00 to $68.00 in a research note on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $82.96.

Several hedge funds have recently added to or reduced their stakes in SWKS. Capital Research Global Investors increased its stake in Skyworks Solutions by 18.9% in the second quarter. Capital Research Global Investors now owns 23,273,661 shares of the semiconductor manufacturer’s stock valued at $1,472,757,000 after buying an additional 3,692,877 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Skyworks Solutions by 1.3% in the second quarter. Vanguard Group Inc. now owns 16,889,062 shares of the semiconductor manufacturer’s stock valued at $1,068,740,000 after buying an additional 212,799 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Skyworks Solutions by 220.3% in the first quarter. Wellington Management Group LLP now owns 6,231,589 shares of the semiconductor manufacturer’s stock valued at $485,441,000 after buying an additional 4,286,283 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Skyworks Solutions by 3.7% in the second quarter. BlackRock Fund Advisors now owns 3,514,916 shares of the semiconductor manufacturer’s stock valued at $222,424,000 after buying an additional 124,229 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Skyworks Solutions by 28.3% in the second quarter. Bank of New York Mellon Corp now owns 2,393,648 shares of the semiconductor manufacturer’s stock valued at $151,471,000 after buying an additional 528,111 shares during the last quarter. 76.66% of the stock is currently owned by hedge funds and other institutional investors.

About Skyworks Solutions

Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.

5 Day Chart for NASDAQ:SWKS

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