Insider Selling: Skyworks Solutions, Inc. (SWKS) Insider Sells 2,610 Shares of Stock
Skyworks Solutions, Inc. (NASDAQ:SWKS) insider Liam Griffin sold 2,610 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $99.98, for a total transaction of $260,947.80. Following the transaction, the insider now owns 50,408 shares in the company, valued at $5,039,791.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Liam Griffin also recently made the following trade(s):
- On Tuesday, July 25th, Liam Griffin sold 8,056 shares of Skyworks Solutions stock. The stock was sold at an average price of $105.31, for a total transaction of $848,377.36.
Skyworks Solutions, Inc. (SWKS) traded up 1.37% on Thursday, hitting $105.36. The stock had a trading volume of 1,412,895 shares. The company has a market cap of $19.36 billion, a PE ratio of 20.22 and a beta of 0.82. Skyworks Solutions, Inc. has a one year low of $65.76 and a one year high of $112.11. The stock has a 50-day moving average of $104.10 and a 200-day moving average of $101.26.
Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.05. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The business had revenue of $900.80 million during the quarter, compared to analysts’ expectations of $890.58 million. During the same quarter last year, the business posted $1.24 earnings per share. The company’s quarterly revenue was up 19.8% on a year-over-year basis. Equities analysts expect that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, August 4th. This represents a $1.28 annualized dividend and a yield of 1.21%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s dividend payout ratio (DPR) is currently 24.57%.
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A number of hedge funds and other institutional investors have recently made changes to their positions in SWKS. BlackRock Inc. boosted its position in shares of Skyworks Solutions by 3,071.2% in the first quarter. BlackRock Inc. now owns 12,053,655 shares of the semiconductor manufacturer’s stock valued at $1,181,019,000 after buying an additional 11,673,555 shares in the last quarter. Winslow Capital Management LLC purchased a new position in shares of Skyworks Solutions during the first quarter valued at $205,388,000. Voya Investment Management LLC boosted its position in shares of Skyworks Solutions by 953.8% in 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 buying an additional 1,167,942 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its position in shares of Skyworks Solutions by 587.3% in 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 buying an additional 1,115,938 shares in the last quarter. Finally, Boston Partners purchased a new position in shares of Skyworks Solutions during the first quarter valued at $82,702,000. 80.84% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on SWKS shares. Vetr upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $113.68 target price on the stock in a research report on Monday, June 12th. BidaskClub upgraded shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Argus started coverage on shares of Skyworks Solutions in a research report on Thursday, July 6th. They set a “buy” rating and a $120.00 target price on the stock. Zacks Investment Research lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, B. Riley restated a “buy” rating and set a $120.00 target price on shares of Skyworks Solutions in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Skyworks Solutions presently has a consensus rating of “Buy” and an average price target of $110.18.
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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