Skyworks Solutions Inc. (SWKS) Insider Liam Griffin Sells 27,500 Shares
Skyworks Solutions Inc. (NASDAQ:SWKS) insider Liam Griffin sold 27,500 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $80.00, for a total value of $2,200,000.00. Following the completion of the transaction, the insider now owns 66,282 shares of the company’s stock, valued at $5,302,560. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Skyworks Solutions Inc. (NASDAQ:SWKS) opened at 77.30 on Tuesday. The firm has a 50-day moving average price of $77.19 and a 200 day moving average price of $70.70. Skyworks Solutions Inc. has a 1-year low of $54.50 and a 1-year high of $88.52. The firm has a market cap of $14.35 billion, a price-to-earnings ratio of 14.92 and a beta of 1.11.
Skyworks Solutions (NASDAQ:SWKS) last posted 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 analysts’ expectations of $830.94 million. During the same quarter in the previous year, the firm earned $1.52 EPS. Skyworks Solutions’s revenue was down 5.2% on a year-over-year basis. Equities analysts predict that Skyworks Solutions Inc. will post $6.18 earnings per share for the current year.
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 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 currently 21.62%.
Institutional investors have recently bought and sold shares of the company. Capital Research Global Investors boosted its position in Skyworks Solutions by 18.9% in the second quarter. Capital Research Global Investors now owns 23,273,661 shares of the semiconductor manufacturer’s stock worth $1,472,757,000 after buying an additional 3,692,877 shares during the period. Manning & Napier Advisors LLC acquired a new position in Skyworks Solutions during the third quarter worth approximately $278,774,000. Lazard Asset Management LLC boosted its position in Skyworks Solutions by 21.2% in the third quarter. Lazard Asset Management LLC now owns 6,522,708 shares of the semiconductor manufacturer’s stock worth $496,638,000 after buying an additional 1,141,188 shares during the period. Villere ST Denis J & Co. LLC acquired a new position in Skyworks Solutions during the second quarter worth approximately $66,184,000. Finally, Snow Capital Management LP acquired a new position in Skyworks Solutions during the third quarter worth approximately $48,654,000. 80.54% of the stock is owned by institutional investors.
A number of research analysts recently commented on the company. Vetr lowered Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $83.04 target price for the company. in a research note on Wednesday, November 16th. Zacks Investment Research upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Wednesday, November 9th. B. Riley restated a “buy” rating and issued a $94.00 target price on shares of Skyworks Solutions in a research note on Wednesday, November 9th. Pacific Crest restated an “equal weight” rating on shares of Skyworks Solutions in a research note on Monday, November 7th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $100.00 target price on shares of Skyworks Solutions in a research note on Monday, November 7th. One research 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 presently has a consensus rating of “Buy” and a consensus price target of $84.69.
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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