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.

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

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