Skyworks Solutions (NASDAQ:SWKS) EVP Reza Kasnavi Sells 7,332 Shares of Stock

Skyworks Solutions, Inc. (NASDAQ:SWKS) EVP Reza Kasnavi sold 7,332 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $62.26, for a total transaction of $456,490.32. Following the completion of the sale, the executive vice president owned 26,087 shares of the company’s stock, valued at $1,624,176.62. This trade represents a 21.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Skyworks Solutions Trading Up 1.1%

Shares of SWKS opened at $61.15 on Friday. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $95.46. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of 24.46 and a beta of 1.21. The stock’s 50-day moving average price is $74.04 and its 200 day moving average price is $73.14. The company has a quick ratio of 1.80, a current ratio of 2.39 and a debt-to-equity ratio of 0.09.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.23. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.The firm had revenue of $1.10 billion during the quarter. During the same period in the prior year, the business earned $1.55 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Skyworks Solutions has set its Q1 2026 guidance at 1.400-1.400 EPS. As a group, research analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Tuesday, November 18th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, November 18th. Skyworks Solutions’s dividend payout ratio is presently 92.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SWKS shares. Arete Research raised shares of Skyworks Solutions to a “strong-buy” rating in a report on Thursday, August 14th. BNP Paribas Exane raised their target price on shares of Skyworks Solutions from $71.00 to $73.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Wall Street Zen raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Mizuho raised Skyworks Solutions from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $65.00 to $73.00 in a research note on Tuesday, November 11th. Finally, Loop Capital cut their target price on shares of Skyworks Solutions from $83.00 to $75.00 in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $83.18.

Hedge Funds Weigh In On Skyworks Solutions

A number of hedge funds have recently made changes to their positions in the business. Park Place Capital Corp grew its holdings in shares of Skyworks Solutions by 62.1% in the second quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 141 shares in the last quarter. Financial Consulate Inc. purchased a new position in Skyworks Solutions during the third quarter valued at approximately $29,000. Atlantic Union Bankshares Corp bought a new position in Skyworks Solutions in the second quarter worth approximately $28,000. Clearstead Trust LLC lifted its holdings in Skyworks Solutions by 200.0% during the second quarter. Clearstead Trust LLC now owns 411 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 274 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new stake in Skyworks Solutions during the second quarter worth $32,000. Institutional investors own 85.43% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.