Skyworks Solutions Inc. (SWKS) EVP Sells $1,461,100.00 in Stock
Skyworks Solutions Inc. (NASDAQ:SWKS) EVP Bruce J. Freyman sold 19,000 shares of the company’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $76.90, for a total value of $1,461,100.00. Following the transaction, the executive vice president now directly owns 31,626 shares in the company, valued at approximately $2,432,039.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Skyworks Solutions Inc. (NASDAQ:SWKS) traded down 0.48% on Wednesday, reaching $76.85. The company had a trading volume of 1,595,434 shares. The company has a market capitalization of $14.28 billion, a P/E ratio of 14.84 and a beta of 1.11. The stock’s 50-day moving average is $77.19 and its 200-day moving average is $70.70. Skyworks Solutions Inc. has a 52 week low of $54.50 and a 52 week high of $88.52.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.04. The firm had revenue of $835.40 million for the quarter, compared to analysts’ expectations of $830.94 million. Skyworks Solutions had a return on equity of 28.16% and a net margin of 30.26%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 earnings per share. Equities research analysts forecast that Skyworks Solutions Inc. will post $6.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid 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 1.46%. Skyworks Solutions’s dividend payout ratio is 21.62%.
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A number of research analysts have recently commented on SWKS shares. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $100.00 price target on shares of Skyworks Solutions in a research report on Friday, September 16th. Brean Capital reissued a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, September 21st. Pacific Crest reissued an “equal weight” rating on shares of Skyworks Solutions in a report on Thursday, September 15th. Vetr raised Skyworks Solutions from a “sell” rating to a “hold” rating and set a $80.30 price objective on the stock in a report on Tuesday, October 11th. Finally, Drexel Hamilton reissued a “buy” rating and set a $90.00 price objective on shares of Skyworks Solutions in a report on Tuesday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $84.69.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BKS Advisors LLC acquired a new position in Skyworks Solutions during the third quarter worth approximately $101,000. Investment Counselors of Maryland LLC acquired a new position in Skyworks Solutions during the third quarter worth approximately $102,000. Canada Pension Plan Investment Board boosted its position in Skyworks Solutions by 1,084.1% in the third quarter. Canada Pension Plan Investment Board now owns 1,338 shares of the semiconductor manufacturer’s stock worth $102,000 after buying an additional 1,225 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Skyworks Solutions by 260.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the semiconductor manufacturer’s stock worth $114,000 after buying an additional 1,300 shares in the last quarter. Finally, Kistler Tiffany Companies LLC boosted its position in Skyworks Solutions by 190.5% in the third quarter. Kistler Tiffany Companies LLC now owns 1,525 shares of the semiconductor manufacturer’s stock worth $116,000 after buying an additional 1,000 shares in the last quarter. 80.54% of the stock is currently owned by hedge funds and other institutional investors.
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.
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