Skyworks Solutions Inc. (SWKS) EVP Bruce J. Freyman Sells 9,000 Shares of Stock
Skyworks Solutions Inc. (NASDAQ:SWKS) EVP Bruce J. Freyman sold 9,000 shares of the firm’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $74.33, for a total transaction of $668,970.00. Following the completion of the transaction, the executive vice president now directly owns 41,493 shares in the company, valued at approximately $3,084,174.69. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
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 transaction of $241,575.00.
Shares of Skyworks Solutions Inc. (NASDAQ:SWKS) traded up 2.15% during mid-day trading on Thursday, hitting $77.76. 687,533 shares of the stock were exchanged. Skyworks Solutions Inc. has a 12-month low of $54.50 and a 12-month high of $88.52. The company has a market capitalization of $14579.69 billion, a PE ratio of 13.96 and a beta of 1.11. The firm has a 50-day moving average price of $76.87 and a 200 day moving average price of $69.91.
Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.04. Skyworks Solutions had a return on equity of 28.16% and a net margin of 30.26%. The business earned $835.40 million during the quarter, compared to analysts’ expectations of $830.94 million. During the same period in the prior year, the business earned $1.52 EPS. Skyworks Solutions’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities research analysts expect that Skyworks Solutions Inc. will post $6.18 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.12 dividend on an annualized basis and a yield of 1.47%. Skyworks Solutions’s payout ratio is 21.62%.
A number of research firms recently weighed in on SWKS. B. Riley reaffirmed a “buy” rating and set a $93.00 price target on shares of Skyworks Solutions in a report on Monday, July 25th. JPMorgan Chase & Co. set a $88.00 price objective on shares of Skyworks Solutions and gave the stock a “hold” rating in a report on Sunday, November 6th. Needham & Company LLC reissued a “buy” rating and set a $84.00 price objective (up from $73.00) on shares of Skyworks Solutions in a report on Monday, November 7th. Vetr lowered shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $83.04 price objective for the company. in a report on Wednesday. Finally, Cowen and Company raised their price objective on shares of Skyworks Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, November 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company. Skyworks Solutions presently has an average rating of “Buy” and an average target price of $84.69.
Several institutional investors have recently modified their holdings of the company. Capital Research Global Investors boosted its position in shares of 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 in the last quarter. Lazard Asset Management LLC boosted its position in shares of Skyworks Solutions by 21.2% in the third quarter. Lazard Asset Management LLC now owns 6,522,708 shares of the semiconductor manufacturer’s stock valued at $496,638,000 after buying an additional 1,141,188 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Skyworks Solutions during the third quarter valued at $278,774,000. Finally, BlackRock Fund Advisors boosted its position in shares of Skyworks Solutions by 2.0% in the third quarter. BlackRock Fund Advisors now owns 3,586,211 shares of the semiconductor manufacturer’s stock valued at $273,054,000 after buying an additional 71,295 shares in the last quarter. 78.50% of the stock is owned by 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.
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