Skyworks Solutions Inc. (NASDAQ:SWKS) insider Liam Griffin sold 27,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $80.00, for a total transaction of $2,200,000.00. Following the completion of the transaction, the insider now owns 66,282 shares in the company, valued at approximately $5,302,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Skyworks Solutions Inc. (NASDAQ:SWKS) opened at 77.30 on Tuesday. Skyworks Solutions Inc. has a 52 week low of $54.50 and a 52 week high of $88.52. The company has a market capitalization of $14.35 billion, a PE ratio of 14.92 and a beta of 1.11. The company’s 50 day moving average is $77.19 and its 200-day moving average is $70.70.

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 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 earned $835.40 million during the quarter, compared to analyst estimates of $830.94 million. During the same period in the previous year, the company earned $1.52 earnings per share. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, analysts expect that Skyworks Solutions Inc. will post $6.18 EPS for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be issued 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 dividend yield of 1.45%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 21.62%.

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Several research firms recently commented on SWKS. Vetr lowered 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 report 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 objective on the stock in a research note on Wednesday, November 9th. B. Riley reiterated a “buy” rating and set a $94.00 price objective 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 objective 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 assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $84.69.

Several hedge funds and other institutional investors have recently modified their holdings of SWKS. HighPoint Advisor Group LLC acquired a new position in shares of Skyworks Solutions during the third quarter worth approximately $833,000. Piedmont Investment Advisors LLC purchased a new position in shares of Skyworks Solutions during the third quarter worth approximately $1,624,000. Covington Capital Management raised its position in shares of Skyworks Solutions by 7.7% in the third quarter. Covington Capital Management now owns 7,650 shares of the semiconductor manufacturer’s stock worth $582,000 after buying an additional 550 shares during the last quarter. Credit Suisse AG raised its position in shares of Skyworks Solutions by 12.0% in the third quarter. Credit Suisse AG now owns 379,399 shares of the semiconductor manufacturer’s stock worth $28,887,000 after buying an additional 40,500 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in shares of Skyworks Solutions by 9.6% in the third quarter. Ameritas Investment Partners Inc. now owns 8,223 shares of the semiconductor manufacturer’s stock worth $626,000 after buying an additional 721 shares during the last quarter. Institutional investors own 80.54% of the company’s stock.

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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