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 stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $78.67, for a total value of $590,025.00. Following the transaction, the director now owns 19,947 shares of the company’s stock, valued at $1,569,230.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Skyworks Solutions Inc. (NASDAQ:SWKS) opened at 77.01 on Friday. The company’s 50-day moving average price is $77.25 and its 200-day moving average price is $70.50. The company has a market cap of $14.30 billion, a price-to-earnings ratio of 14.87 and a beta of 1.11. Skyworks Solutions Inc. has a 12 month low of $54.50 and a 12 month high of $88.52.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 earnings per share for the quarter, beating the 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 business earned $835.40 million during the quarter, compared to analyst estimates of $830.94 million. During the same period in the prior year, the company earned $1.52 earnings per share. Skyworks Solutions’s revenue was down 5.2% compared to the same quarter last year. Analysts anticipate that Skyworks Solutions Inc. will post $6.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Tuesday, November 15th. Skyworks Solutions’s dividend payout ratio (DPR) is 21.62%.
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A number of research analysts have weighed in on SWKS shares. upgraded Skyworks Solutions from an “underperform” rating to an “outperform” rating and raised their price target for the company from $73.00 to $77.00 in a research note on Tuesday, August 9th. Vetr downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and set a $72.91 price target for the company. in a research note on Wednesday, August 17th. Pacific Crest restated an “equal weight” rating and issued a $82.50 price target on shares of Skyworks Solutions in a research note on Monday, August 29th. Drexel Hamilton restated a “buy” rating and issued a $90.00 price target on shares of Skyworks Solutions in a research note on Tuesday, August 30th. Finally, Mizuho restated a “neutral” rating and issued a $68.00 price target on shares of Skyworks Solutions in a research note on Wednesday, August 31st. One investment 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’s stock. The stock has an average rating of “Buy” and a consensus price target of $84.69.
A number of institutional investors have recently made changes to their positions in SWKS. BancorpSouth Inc increased its stake in Skyworks Solutions by 0.7% in the third quarter. BancorpSouth Inc now owns 3,219 shares of the semiconductor manufacturer’s stock valued at $245,000 after buying an additional 21 shares in the last quarter. New England Research & Management Inc. increased its stake in 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 valued at $453,000 after buying an additional 50 shares in the last quarter. Norinchukin Bank The increased its stake in Skyworks Solutions by 0.6% in the third quarter. Norinchukin Bank The now owns 10,038 shares of the semiconductor manufacturer’s stock valued at $764,000 after buying an additional 59 shares in the last quarter. Moody Lynn & Lieberson LLC increased its stake in Skyworks Solutions by 0.8% in the second quarter. Moody Lynn & Lieberson LLC now owns 8,686 shares of the semiconductor manufacturer’s stock valued at $550,000 after buying an additional 65 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. increased its stake in Skyworks Solutions by 2.3% in the third quarter. Independent Portfolio Consultants Inc. now owns 2,910 shares of the semiconductor manufacturer’s stock valued at $222,000 after buying an additional 65 shares in the last quarter. 77.65% of the stock is owned by institutional investors and hedge funds.
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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