Skyworks Solutions, Inc. (NASDAQ:SWKS) Director Christine King sold 3,705 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total transaction of $395,768.10. Following the transaction, the director now directly owns 16,641 shares of the company’s stock, valued at $1,777,591.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Skyworks Solutions, Inc. (NASDAQ SWKS) traded up 2.31% on Friday, hitting $109.55. 2,366,271 shares of the stock traded hands. The firm has a market capitalization of $20.13 billion, a PE ratio of 21.03 and a beta of 0.81. Skyworks Solutions, Inc. has a 52 week low of $71.65 and a 52 week high of $112.11. The firm’s 50 day moving average is $104.40 and its 200 day moving average is $102.14.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.05. The business had revenue of $900.80 million during the quarter, compared to the consensus estimate of $890.58 million. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 EPS. On average, analysts expect that Skyworks Solutions, Inc. will post $6.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Friday, August 4th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s dividend payout ratio is currently 24.57%.
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SWKS has been the subject of a number of analyst reports. Vetr raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $113.68 target price for the company in a research note on Monday, June 12th. Instinet initiated coverage on shares of Skyworks Solutions in a research note on Wednesday, September 6th. They issued a “buy” rating and a $115.00 price target for the company. BidaskClub raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Argus initiated coverage on shares of Skyworks Solutions in a research note on Thursday, July 6th. They issued a “buy” rating and a $120.00 price target for the company. Finally, Zacks Investment Research lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $111.83.
A number of large investors have recently added to or reduced their stakes in the business. Invictus RG bought a new position in shares of Skyworks Solutions during the 1st quarter worth approximately $101,000. Winslow Evans & Crocker Inc. boosted its holdings in shares of Skyworks Solutions by 3.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after buying an additional 35 shares in the last quarter. WFG Advisors LP boosted its holdings in shares of Skyworks Solutions by 18.6% during the 1st quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock worth $113,000 after buying an additional 181 shares in the last quarter. Sun Life Financial INC boosted its holdings in shares of Skyworks Solutions by 551.5% during the 2nd quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after buying an additional 1,136 shares in the last quarter. Finally, TrimTabs Asset Management LLC boosted its holdings in shares of Skyworks Solutions by 89.0% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock worth $138,000 after buying an additional 664 shares in the last quarter. 80.86% of the stock is owned by institutional investors and hedge funds.
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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