Skyworks Solutions Inc. (SWKS) EVP Sells $2,901,760.00 in Stock
Skyworks Solutions Inc. (NASDAQ:SWKS) EVP Bruce J. Freyman sold 36,272 shares of the firm’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $80.00, for a total value of $2,901,760.00. Following the completion of the sale, the executive vice president now owns 41,675 shares in the company, valued at $3,334,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Bruce J. Freyman also recently made the following trade(s):
- On Monday, August 29th, Bruce J. Freyman sold 3,221 shares of Skyworks Solutions stock. The shares were sold at an average price of $75.00, for a total value of $241,575.00.
Shares of Skyworks Solutions Inc. (NASDAQ:SWKS) traded down 0.77% during midday trading on Wednesday, hitting $78.82. The stock had a trading volume of 2,056,111 shares. The company has a market capitalization of $14.78 billion, a PE ratio of 15.61 and a beta of 1.06. The firm’s 50-day moving average is $74.87 and its 200 day moving average is $69.63. Skyworks Solutions Inc. has a one year low of $54.50 and a one year high of $88.52.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Thursday, July 21st. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.03. The business earned $751.70 million during the quarter, compared to the consensus estimate of $750.22 million. Skyworks Solutions had a return on equity of 29.31% and a net margin of 29.32%. Equities analysts expect that Skyworks Solutions Inc. will post $5.53 earnings per share for the current fiscal year.
A number of research firms have issued reports on SWKS. B. Riley reiterated a “buy” rating and issued a $93.00 target price on shares of Skyworks Solutions in a research note on Monday, July 25th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $100.00 target price on shares of Skyworks Solutions in a research note on Friday, July 15th. Credit Agricole SA upgraded Skyworks Solutions from an “underperform” rating to an “outperform” rating and raised their target price for the company from $73.00 to $77.00 in a research note on Tuesday, August 9th. Mizuho cut 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. Finally, Pacific Crest restated an “equal weight” rating and set a $70.00 price objective on shares of Skyworks Solutions in a research note on Monday, July 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $83.05.
A number of large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its stake in Skyworks Solutions by 9.6% in the third quarter. Nisa Investment Advisors LLC now owns 36,500 shares of the semiconductor manufacturer’s stock worth $2,779,000 after buying an additional 3,200 shares in the last quarter. Capstone Asset Management Co. increased its stake in Skyworks Solutions by 0.9% in the third quarter. Capstone Asset Management Co. now owns 23,981 shares of the semiconductor manufacturer’s stock worth $1,826,000 after buying an additional 210 shares in the last quarter. Bristlecone Advisors LLC bought a new stake in Skyworks Solutions during the third quarter worth approximately $1,100,000. Cupps Capital Management LLC increased its stake in Skyworks Solutions by 35.4% in the third quarter. Cupps Capital Management LLC now owns 20,943 shares of the semiconductor manufacturer’s stock worth $1,594,000 after buying an additional 5,472 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Skyworks Solutions by 30.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 45,177 shares of the semiconductor manufacturer’s stock worth $3,440,000 after buying an additional 10,415 shares in the last quarter. Institutional investors and hedge funds own 76.66% of the company’s stock.
Skyworks Solutions Company Profile
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.
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