Skyworks Solutions Inc. (NASDAQ:SWKS) EVP Bruce J. Freyman sold 17,867 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $78.64, for a total transaction of $1,405,060.88. Following the sale, the executive vice president now owns 41,493 shares of the company’s stock, valued at $3,263,009.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $75.00, for a total transaction of $241,575.00.

Shares of Skyworks Solutions Inc. (NASDAQ:SWKS) opened at 78.31 on Friday. The company has a market capitalization of $14.54 billion, a PE ratio of 15.12 and a beta of 1.11. The firm’s 50-day moving average price is $77.33 and its 200 day moving average price is $70.42. Skyworks Solutions Inc. has a one year low of $54.50 and a one year high of $88.52.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.04. Skyworks Solutions had a return on equity of 28.16% and a net margin of 30.26%. The company had revenue of $835.40 million for the quarter, compared to analysts’ expectations of $830.94 million. During the same quarter last year, the business earned $1.52 earnings per share. Skyworks Solutions’s revenue was down 5.2% on a year-over-year basis. Analysts anticipate that Skyworks Solutions Inc. will post $6.18 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Tuesday, November 15th. Skyworks Solutions’s payout ratio is currently 21.62%.

A number of analysts have issued reports on SWKS shares. Pacific Crest reiterated an “equal weight” rating on shares of Skyworks Solutions in a research note on Thursday, September 15th. Cowen and Company lifted their target price on shares of Skyworks Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, November 4th. Northland Securities reiterated an “outperform” rating and issued a $85.00 target price on shares of Skyworks Solutions in a research note on Monday, November 7th. Vetr upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $76.56 target price for the company in a research note on Tuesday, September 6th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $92.00 target price on shares of Skyworks Solutions in a research note on Thursday, October 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $84.69.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BKS Advisors LLC bought a new position in shares of Skyworks Solutions during the third quarter worth approximately $101,000. Investment Counselors of Maryland LLC acquired a new stake in Skyworks Solutions during the third quarter valued at $102,000. Canada Pension Plan Investment Board raised its stake in Skyworks Solutions by 1,084.1% in the third quarter. Canada Pension Plan Investment Board now owns 1,338 shares of the semiconductor manufacturer’s stock valued at $102,000 after buying an additional 1,225 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in Skyworks Solutions by 260.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the semiconductor manufacturer’s stock valued at $114,000 after buying an additional 1,300 shares during the period. Finally, Kistler Tiffany Companies LLC raised its stake in Skyworks Solutions by 190.5% in the third quarter. Kistler Tiffany Companies LLC now owns 1,525 shares of the semiconductor manufacturer’s stock valued at $116,000 after buying an additional 1,000 shares during the period. Institutional investors own 77.65% of the company’s stock.

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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.

5 Day Chart for NASDAQ:SWKS

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