Skyworks Solutions, Inc. (NASDAQ:SWKS) CTO Peter L. Gammel sold 7,305 shares of Skyworks Solutions stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $96.50, for a total value of $704,932.50. Following the transaction, the chief technology officer now owns 16,285 shares in the company, valued at $1,571,502.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $94.63 on Monday. The stock has a market capitalization of $17,390.00, a price-to-earnings ratio of 15.72, a P/E/G ratio of 0.94 and a beta of 0.84. Skyworks Solutions, Inc. has a 12-month low of $73.94 and a 12-month high of $117.65.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st were given a dividend of $0.32 per share. The ex-dividend date was Monday, November 20th. This represents a $1.28 dividend on an annualized basis and a yield of 1.35%. Skyworks Solutions’s payout ratio is 23.66%.

Several equities analysts have recently issued reports on the company. Cowen set a $115.00 price target on Skyworks Solutions and gave the company a “hold” rating in a research report on Thursday. BidaskClub cut Skyworks Solutions from a “hold” rating to a “sell” rating in a research report on Friday. Vetr upgraded Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $113.85 price target on the stock in a research report on Monday, August 21st. Craig Hallum reiterated a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, September 13th. Finally, Zacks Investment Research upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research report on Monday, August 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Skyworks Solutions has an average rating of “Buy” and a consensus price target of $116.56.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SWKS. Voya Investment Management LLC boosted its position in Skyworks Solutions by 953.8% during the second quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock valued at $123,813,000 after purchasing an additional 1,167,942 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its position in Skyworks Solutions by 587.3% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,305,942 shares of the semiconductor manufacturer’s stock valued at $125,305,000 after purchasing an additional 1,115,938 shares during the last quarter. Koch Industries Inc. boosted its position in Skyworks Solutions by 11,046.5% during the second quarter. Koch Industries Inc. now owns 508,502 shares of the semiconductor manufacturer’s stock valued at $503,000 after purchasing an additional 503,940 shares during the last quarter. Vanguard Group Inc. boosted its position in Skyworks Solutions by 2.8% during the second quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock valued at $1,758,380,000 after purchasing an additional 502,995 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in Skyworks Solutions by 129.6% during the second quarter. Parametric Portfolio Associates LLC now owns 543,016 shares of the semiconductor manufacturer’s stock valued at $52,102,000 after purchasing an additional 306,561 shares during the last quarter. 81.94% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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