Skyworks Solutions Inc. (NASDAQ:SWKS) Director Timothy R. Furey sold 7,500 shares of Skyworks Solutions stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $78.67, for a total transaction of $590,025.00. Following the transaction, the director now owns 19,947 shares in the company, valued at approximately $1,569,230.49. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Skyworks Solutions Inc. (NASDAQ:SWKS) opened at 77.01 on Friday. The company has a market capitalization of $14.30 billion, a P/E ratio of 14.87 and a beta of 1.11. The stock has a 50 day moving average of $77.25 and a 200-day moving average of $70.50. Skyworks Solutions Inc. has a 12-month low of $54.50 and a 12-month high of $88.52.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.04. The firm had revenue of $835.40 million for the quarter, compared to analyst estimates of $830.94 million. Skyworks Solutions had a net margin of 30.26% and a return on equity of 28.16%. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 earnings per share. Equities research analysts forecast that Skyworks Solutions Inc. will post $6.18 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.45%. Skyworks Solutions’s payout ratio is currently 21.62%.

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Several hedge funds have recently added to or reduced their stakes in the company. Regent Investment Management LLC raised its stake in Skyworks Solutions by 17.7% in the second quarter. Regent Investment Management LLC now owns 9,310 shares of the semiconductor manufacturer’s stock worth $589,000 after buying an additional 1,400 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Skyworks Solutions by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 33,300 shares of the semiconductor manufacturer’s stock worth $2,107,000 after buying an additional 100 shares during the period. Villere ST Denis J & Co. LLC purchased a new stake in shares of Skyworks Solutions during the second quarter worth about $66,184,000. Lodestar Investment Counsel LLC IL increased its stake in shares of Skyworks Solutions by 14.5% in the second quarter. Lodestar Investment Counsel LLC IL now owns 6,725 shares of the semiconductor manufacturer’s stock worth $426,000 after buying an additional 850 shares during the period. Finally, Gofen & Glossberg LLC IL increased its stake in shares of Skyworks Solutions by 12.0% in the second quarter. Gofen & Glossberg LLC IL now owns 3,361 shares of the semiconductor manufacturer’s stock worth $213,000 after buying an additional 361 shares during the period. Hedge funds and other institutional investors own 77.65% of the company’s stock.

Several brokerages have recently weighed in on SWKS. Vetr cut shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $83.04 price target on the stock. in a research note on Wednesday, November 16th. Zacks Investment Research upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Wednesday, November 9th. B. Riley reiterated a “buy” rating and set a $94.00 price target on shares of Skyworks Solutions in a research note on Wednesday, November 9th. Pacific Crest reiterated an “equal weight” rating on shares of Skyworks Solutions in a research note on Monday, November 7th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $100.00 price target on shares of Skyworks Solutions in a research note on Monday, November 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus 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.

5 Day Chart for NASDAQ:SWKS

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