Peter L. Gammel Sells 7,000 Shares of Skyworks Solutions, Inc. (SWKS) Stock

Skyworks Solutions, Inc. (NASDAQ:SWKS) CTO Peter L. Gammel sold 7,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $108.40, for a total value of $758,800.00. Following the completion of the transaction, the chief technology officer now directly owns 23,785 shares of the company’s stock, valued at $2,578,294. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) traded down $0.06 during trading hours on Friday, reaching $110.00. The company had a trading volume of 1,378,180 shares, compared to its average volume of 1,992,578. The company has a market cap of $20,220.00, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.09 and a beta of 0.90. Skyworks Solutions, Inc. has a twelve month low of $71.65 and a twelve month high of $117.65.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.16%. The ex-dividend date is Monday, November 20th. Skyworks Solutions’s dividend payout ratio is currently 23.66%.

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A number of large investors have recently made changes to their positions in SWKS. NN Investment Partners Holdings N.V. raised its position in Skyworks Solutions by 384.2% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 17,181 shares of the semiconductor manufacturer’s stock worth $1,649,000 after purchasing an additional 13,633 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Skyworks Solutions by 56.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,133 shares of the semiconductor manufacturer’s stock worth $300,000 after acquiring an additional 1,130 shares in the last quarter. Winslow Evans & Crocker Inc. raised its position in shares of Skyworks Solutions by 3.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after acquiring an additional 35 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Skyworks Solutions by 5.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 47,347 shares of the semiconductor manufacturer’s stock worth $4,543,000 after acquiring an additional 2,500 shares in the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of Skyworks Solutions by 3.6% in the 2nd quarter. LS Investment Advisors LLC now owns 5,885 shares of the semiconductor manufacturer’s stock worth $565,000 after acquiring an additional 203 shares in the last quarter. 80.58% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on the company. Bank of America Corporation upped their price objective on Skyworks Solutions from $120.00 to $125.00 in a research report on Tuesday, November 7th. MKM Partners reaffirmed a “buy” rating and set a $115.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, July 26th. Craig Hallum upped their price objective on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Mizuho upped their price objective on Skyworks Solutions from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Finally, Zacks Investment Research raised Skyworks Solutions from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $115.68.

Skyworks Solutions Company Profile

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.

Insider Buying and Selling by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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