Skyworks Solutions Inc (SWKS) Director Sells $261,420.00 in Stock
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.
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.
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