Skyworks Solutions Inc (NASDAQ:SWKS) Director David J. Aldrich sold 3,000 shares of the stock in a transaction that occurred on Friday, October 19th. The shares were sold at an average price of $87.14, for a total transaction of $261,420.00. Following the sale, the director now directly owns 145,252 shares of the company’s stock, valued at approximately $12,657,259.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Skyworks Solutions stock opened at $85.16 on Friday. The company has a market cap of $15.43 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 0.86 and a beta of 0.60. Skyworks Solutions Inc has a 52-week low of $83.05 and a 52-week high of $117.65.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, July 19th. The semiconductor manufacturer reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. The company had revenue of $894.30 million for the quarter, compared to analysts’ expectations of $889.00 million. During the same period last year, the business earned $1.57 EPS. Skyworks Solutions’s quarterly revenue was down .7% compared to the same quarter last year. On average, sell-side analysts anticipate that Skyworks Solutions Inc will post 6.61 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cim LLC lifted its holdings in shares of Skyworks Solutions by 12.1% in the 2nd quarter. Cim LLC now owns 4,710 shares of the semiconductor manufacturer’s stock worth $455,000 after purchasing an additional 507 shares in the last quarter. Pittenger & Anderson Inc. lifted its holdings in shares of Skyworks Solutions by 6.8% in the 2nd quarter. Pittenger & Anderson Inc. now owns 8,670 shares of the semiconductor manufacturer’s stock worth $838,000 after purchasing an additional 550 shares in the last quarter. Advisors Capital Management LLC lifted its holdings in shares of Skyworks Solutions by 1.4% in the 3rd quarter. Advisors Capital Management LLC now owns 42,371 shares of the semiconductor manufacturer’s stock worth $3,844,000 after purchasing an additional 584 shares in the last quarter. Country Club Trust Company n.a. lifted its holdings in shares of Skyworks Solutions by 26.7% in the 2nd quarter. Country Club Trust Company n.a. now owns 2,796 shares of the semiconductor manufacturer’s stock worth $270,000 after purchasing an additional 589 shares in the last quarter. Finally, Wetherby Asset Management Inc. lifted its holdings in shares of Skyworks Solutions by 17.8% in the 2nd quarter. Wetherby Asset Management Inc. now owns 4,163 shares of the semiconductor manufacturer’s stock worth $402,000 after purchasing an additional 630 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

A number of research firms have weighed in on SWKS. Zacks Investment Research downgraded shares of Skyworks Solutions from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. BidaskClub raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. Morgan Stanley decreased their target price on shares of Skyworks Solutions from $80.00 to $79.00 and set an “underweight” rating for the company in a research report on Wednesday, October 3rd. ValuEngine raised shares of Skyworks Solutions from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $118.00 price target on shares of Skyworks Solutions in a report on Tuesday, August 7th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $114.53.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

Further Reading: What is the balance sheet?

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

Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.