Skyworks Solutions Inc (NASDAQ:SWKS) Director David J. Aldrich sold 5,000 shares of Skyworks Solutions stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $75.50, for a total value of $377,500.00. Following the completion of the transaction, the director now directly owns 208,032 shares in the company, valued at $15,706,416. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of NASDAQ:SWKS opened at $75.22 on Monday. The stock has a market cap of $12.99 billion, a P/E ratio of 11.35, a P/E/G ratio of 1.31 and a beta of 0.91. Skyworks Solutions Inc has a one year low of $60.12 and a one year high of $103.95.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, May 2nd. The semiconductor manufacturer reported $1.47 EPS for the quarter, beating the consensus estimate of $1.43 by $0.04. The business had revenue of $810.40 million for the quarter, compared to the consensus estimate of $809.52 million. Skyworks Solutions had a return on equity of 28.25% and a net margin of 29.06%. The company’s revenue was down 11.3% on a year-over-year basis. During the same period last year, the business posted $1.64 EPS. As a group, research analysts predict that Skyworks Solutions Inc will post 5.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st were issued a dividend of $0.38 per share. The ex-dividend date was Monday, May 20th. This represents a $1.52 annualized dividend and a yield of 2.02%. Skyworks Solutions’s dividend payout ratio is presently 22.93%.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in Skyworks Solutions by 3.0% during the 4th quarter. BlackRock Inc. now owns 13,271,115 shares of the semiconductor manufacturer’s stock worth $889,431,000 after purchasing an additional 385,052 shares during the last quarter. FMR LLC increased its holdings in Skyworks Solutions by 63.8% during the 1st quarter. FMR LLC now owns 3,517,246 shares of the semiconductor manufacturer’s stock worth $290,102,000 after purchasing an additional 1,370,337 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Skyworks Solutions by 6,143.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,733,478 shares of the semiconductor manufacturer’s stock worth $41,000 after purchasing an additional 2,689,698 shares during the last quarter. Geode Capital Management LLC increased its holdings in Skyworks Solutions by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 2,693,315 shares of the semiconductor manufacturer’s stock worth $180,234,000 after purchasing an additional 242,983 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Skyworks Solutions by 6.1% during the 4th quarter. Northern Trust Corp now owns 2,441,004 shares of the semiconductor manufacturer’s stock worth $163,596,000 after purchasing an additional 139,555 shares during the last quarter. Institutional investors own 81.01% of the company’s stock.

Several research firms have recently weighed in on SWKS. Macquarie lowered Skyworks Solutions from an “outperform” rating to a “neutral” rating and set a $92.80 price objective on the stock. in a research note on Wednesday, April 17th. BMO Capital Markets lifted their price objective on Skyworks Solutions to $105.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Cowen reaffirmed a “market perform” rating and issued a $95.00 price objective (up from $80.00) on shares of Skyworks Solutions in a research note on Friday, May 3rd. Mizuho reaffirmed a “hold” rating and issued a $89.00 price objective on shares of Skyworks Solutions in a research note on Friday, May 3rd. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $105.00 price objective (up from $90.00) on shares of Skyworks Solutions in a research note on Friday, May 3rd. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $86.38.

About Skyworks Solutions

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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