Skyworks Solutions Inc. (SWKS) Director Sells $590,025.00 in Stock
Skyworks Solutions Inc. (NASDAQ:SWKS) Director Timothy R. Furey sold 7,500 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $78.67, for a total value of $590,025.00. Following the completion of the transaction, the director now directly owns 19,947 shares of the company’s stock, valued at approximately $1,569,230.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Skyworks Solutions Inc. (NASDAQ:SWKS) opened at 77.01 on Friday. The firm has a market capitalization of $14.30 billion, a PE ratio of 14.87 and a beta of 1.11. The stock has a 50 day moving average price of $77.25 and a 200 day moving average price of $70.50. Skyworks Solutions Inc. has a 52 week low of $54.50 and a 52 week high of $88.52.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 earnings per share 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 company had revenue of $835.40 million for the quarter, compared to analyst estimates of $830.94 million. During the same quarter in the prior year, the company posted $1.52 EPS. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. Equities analysts forecast that Skyworks Solutions Inc. will post $6.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, November 15th. Skyworks Solutions’s dividend payout ratio is presently 21.62%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BancorpSouth Inc raised its position in shares of Skyworks Solutions by 0.7% in the third quarter. BancorpSouth Inc now owns 3,219 shares of the semiconductor manufacturer’s stock worth $245,000 after buying an additional 21 shares in the last quarter. New England Research & Management Inc. raised its position in shares of Skyworks Solutions by 0.8% in the third quarter. New England Research & Management Inc. now owns 5,950 shares of the semiconductor manufacturer’s stock worth $453,000 after buying an additional 50 shares in the last quarter. Norinchukin Bank The raised its position in shares of Skyworks Solutions by 0.6% in the third quarter. Norinchukin Bank The now owns 10,038 shares of the semiconductor manufacturer’s stock worth $764,000 after buying an additional 59 shares in the last quarter. Moody Lynn & Lieberson LLC raised its position in shares of Skyworks Solutions by 0.8% in the second quarter. Moody Lynn & Lieberson LLC now owns 8,686 shares of the semiconductor manufacturer’s stock worth $550,000 after buying an additional 65 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. raised its position in shares of Skyworks Solutions by 2.3% in the third quarter. Independent Portfolio Consultants Inc. now owns 2,910 shares of the semiconductor manufacturer’s stock worth $222,000 after buying an additional 65 shares in the last quarter. 77.65% of the stock is currently owned by institutional investors.
SWKS has been the subject of several analyst reports. Pacific Crest reissued an “equal weight” rating on shares of Skyworks Solutions in a report on Thursday, September 15th. raised Skyworks Solutions from an “underperform” rating to an “outperform” rating and upped their price target for the stock from $73.00 to $77.00 in a report on Tuesday, August 9th. Charter Equity raised Skyworks Solutions from a “market perform” rating to a “buy” rating in a report on Tuesday, October 4th. Vetr cut Skyworks Solutions from a “buy” rating to a “hold” rating and set a $72.91 price target for the company. in a report on Wednesday, August 17th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $93.00 price target on shares of Skyworks Solutions in a report on Monday, November 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $84.69.
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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