Skyworks Solutions, Inc. (SWKS) SVP Carlos S. Bori Sells 3,850 Shares of Stock
Skyworks Solutions, Inc. (NASDAQ:SWKS) SVP Carlos S. Bori sold 3,850 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $98.15, for a total value of $377,877.50. Following the transaction, the senior vice president now owns 11,372 shares of the company’s stock, valued at $1,116,161.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) traded down $0.40 during trading hours on Friday, reaching $96.28. The company’s stock had a trading volume of 2,463,511 shares, compared to its average volume of 2,143,019. Skyworks Solutions, Inc. has a 52-week low of $73.94 and a 52-week high of $117.65. The company has a market capitalization of $17,763.99, a PE ratio of 16.06, a price-to-earnings-growth ratio of 0.96 and a beta of 0.84.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Monday, November 20th. Skyworks Solutions’s dividend payout ratio (DPR) is 23.66%.
A number of research analysts recently commented on SWKS shares. BMO Capital Markets restated a “hold” rating and issued a $100.00 target price on shares of Skyworks Solutions in a research note on Monday, November 6th. DA Davidson restated a “buy” rating and issued a $130.00 target price on shares of Skyworks Solutions in a research note on Tuesday, November 7th. Drexel Hamilton restated a “buy” rating and issued a $128.00 target price (up from $120.00) on shares of Skyworks Solutions in a research note on Tuesday, November 7th. Needham & Company LLC upped their target price on Skyworks Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Finally, KeyCorp upped their target price on Skyworks Solutions from $120.00 to $125.00 and gave the company an “in-line” rating in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Skyworks Solutions currently has a consensus rating of “Buy” and an average target price of $115.72.
A number of large investors have recently made changes to their positions in the business. Financial Engines Advisors L.L.C. bought a new stake in shares of Skyworks Solutions during the third quarter worth $126,000. WFG Advisors LP grew its holdings in shares of Skyworks Solutions by 14.8% during the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after purchasing an additional 171 shares during the last quarter. Sun Life Financial INC grew its holdings in shares of Skyworks Solutions by 551.5% during the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after purchasing an additional 1,136 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Skyworks Solutions during the second quarter worth $202,000. Finally, Round Table Services LLC bought a new stake in shares of Skyworks Solutions during the third quarter worth $204,000. Hedge funds and other institutional investors own 81.94% of the company’s stock.
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About Skyworks Solutions
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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