Skyworks Solutions, Inc. (SWKS) CEO Liam Griffin Sells 11,285 Shares of Stock

Skyworks Solutions, Inc. (NASDAQ:SWKS) CEO Liam Griffin sold 11,285 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $109.68, for a total transaction of $1,237,738.80. Following the completion of the transaction, the chief executive officer now directly owns 57,332 shares of the company’s stock, valued at approximately $6,288,173.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Liam Griffin also recently made the following trade(s):

  • On Friday, November 10th, Liam Griffin sold 12,141 shares of Skyworks Solutions stock. The shares were sold at an average price of $110.95, for a total transaction of $1,347,043.95.
  • On Monday, October 2nd, Liam Griffin sold 13,858 shares of Skyworks Solutions stock. The shares were sold at an average price of $102.18, for a total transaction of $1,416,010.44.
  • On Tuesday, August 29th, Liam Griffin sold 2,610 shares of Skyworks Solutions stock. The shares were sold at an average price of $99.98, for a total transaction of $260,947.80.

Shares of Skyworks Solutions, Inc. (NASDAQ SWKS) traded down $0.06 on Friday, reaching $110.00. 1,323,359 shares of the company were exchanged, compared to its average volume of 1,992,578. Skyworks Solutions, Inc. has a twelve month low of $71.65 and a twelve month high of $117.65. The firm 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.

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

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. IFM Investors Pty Ltd acquired a new position in Skyworks Solutions in the 3rd quarter valued at about $534,000. California Public Employees Retirement System grew its position in shares of Skyworks Solutions by 4.0% during the 3rd quarter. California Public Employees Retirement System now owns 421,739 shares of the semiconductor manufacturer’s stock worth $42,975,000 after purchasing an additional 16,339 shares in the last quarter. Krilogy Financial LLC grew its position in shares of Skyworks Solutions by 18.1% during the 3rd quarter. Krilogy Financial LLC now owns 3,219 shares of the semiconductor manufacturer’s stock worth $328,000 after purchasing an additional 493 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Skyworks Solutions by 3.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 19,566 shares of the semiconductor manufacturer’s stock worth $1,994,000 after purchasing an additional 626 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in shares of Skyworks Solutions by 26.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 42,856 shares of the semiconductor manufacturer’s stock worth $4,367,000 after purchasing an additional 8,922 shares in the last quarter. Institutional investors and hedge funds own 80.58% of the company’s stock.

SWKS has been the topic of several research reports. Zacks Investment Research raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Instinet initiated coverage on shares of Skyworks Solutions in a research report on Wednesday, September 6th. They issued a “buy” rating and a $115.00 price objective on the stock. BidaskClub raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Drexel Hamilton reaffirmed a “buy” rating and issued a $128.00 price objective (up from $120.00) on shares of Skyworks Solutions in a research report on Tuesday, November 7th. Finally, Charter Equity reaffirmed an “outperform” rating on shares of Skyworks Solutions in a research report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Skyworks Solutions currently has a consensus rating of “Buy” and an average target price of $115.68.

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.

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

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