Skyworks Solutions Inc (NASDAQ:SWKS) Director David J. Aldrich sold 20,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $111.70, for a total value of $2,234,000.00. Following the sale, the director now directly owns 148,032 shares of the company’s stock, valued at approximately $16,535,174.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of NASDAQ SWKS traded up $0.37 during mid-day trading on Friday, reaching $111.86. The company had a trading volume of 2,333,826 shares, compared to its average volume of 2,004,933. Skyworks Solutions Inc has a one year low of $60.12 and a one year high of $112.86. The firm has a market cap of $18.62 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.31 and a beta of 1.05. The business’s 50-day simple moving average is $98.09 and its 200 day simple moving average is $83.23.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.02. Skyworks Solutions had a return on equity of 24.41% and a net margin of 25.28%. The company had revenue of $827.00 million for the quarter, compared to analysts’ expectations of $824.01 million. During the same quarter last year, the business earned $1.94 earnings per share. Skyworks Solutions’s revenue was down 18.0% on a year-over-year basis. Equities research analysts predict that Skyworks Solutions Inc will post 5.82 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, December 2nd. Skyworks Solutions’s payout ratio is currently 30.82%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Lenox Wealth Management Inc. increased its position in shares of Skyworks Solutions by 1.2% in the third quarter. Lenox Wealth Management Inc. now owns 8,477 shares of the semiconductor manufacturer’s stock worth $671,000 after purchasing an additional 103 shares during the period. Orrstown Financial Services Inc. grew its position in Skyworks Solutions by 9.0% in the third quarter. Orrstown Financial Services Inc. now owns 1,633 shares of the semiconductor manufacturer’s stock valued at $123,000 after acquiring an additional 135 shares during the last quarter. Parallel Advisors LLC grew its position in Skyworks Solutions by 10.1% in the second quarter. Parallel Advisors LLC now owns 1,482 shares of the semiconductor manufacturer’s stock valued at $115,000 after acquiring an additional 136 shares during the last quarter. Rowland & Co. Investment Counsel ADV grew its position in Skyworks Solutions by 1.1% in the third quarter. Rowland & Co. Investment Counsel ADV now owns 13,443 shares of the semiconductor manufacturer’s stock valued at $1,062,000 after acquiring an additional 150 shares during the last quarter. Finally, Duncker Streett & Co. Inc. grew its position in Skyworks Solutions by 1.5% in the third quarter. Duncker Streett & Co. Inc. now owns 11,119 shares of the semiconductor manufacturer’s stock valued at $881,000 after acquiring an additional 159 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

Several equities research analysts have issued reports on the company. Craig Hallum raised their price target on Skyworks Solutions from $90.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Canaccord Genuity downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and raised their price target for the company from $82.00 to $102.00 in a report on Wednesday, November 13th. Loop Capital increased their price objective on Skyworks Solutions to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Mizuho increased their price objective on Skyworks Solutions from $76.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. They noted that the move was a valuation call. Finally, ValuEngine upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $97.57.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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

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