Skyworks Solutions Inc (NASDAQ:SWKS) Director Sells $76,373.55 in Stock

Skyworks Solutions Inc (NASDAQ:SWKS) Director David J. Aldrich sold 999 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $76.45, for a total value of $76,373.55. Following the completion of the transaction, the director now owns 204,031 shares of the company’s stock, valued at $15,598,169.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ SWKS traded up $1.11 on Friday, hitting $76.66. The company had a trading volume of 1,522,000 shares, compared to its average volume of 2,338,014. Skyworks Solutions Inc has a 12-month low of $60.12 and a 12-month high of $94.39. The business has a 50 day moving average of $80.71 and a two-hundred day moving average of $80.25. The firm has a market capitalization of $13.05 billion, a P/E ratio of 11.56, a PEG ratio of 1.62 and a beta of 1.02.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.14. Skyworks Solutions had a return on equity of 26.60% and a net margin of 26.10%. The company had revenue of $767.00 million during the quarter, compared to the consensus estimate of $767.71 million. During the same quarter in the prior year, the business earned $1.64 earnings per share. The company’s revenue was down 14.2% compared to the same quarter last year. Equities research analysts predict that Skyworks Solutions Inc will post 5.72 EPS for the current year.



The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th will be given a $0.44 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, August 26th. This represents a $1.76 annualized dividend and a dividend yield of 2.30%. Skyworks Solutions’s dividend payout ratio is presently 22.93%.

Several hedge funds and other institutional investors have recently modified their holdings of SWKS. Platinum Investment Management Ltd. raised its stake in Skyworks Solutions by 32.4% during the second quarter. Platinum Investment Management Ltd. now owns 2,553,417 shares of the semiconductor manufacturer’s stock valued at $197,303,000 after buying an additional 625,029 shares in the last quarter. HM Payson & Co. acquired a new stake in Skyworks Solutions during the second quarter valued at approximately $136,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Skyworks Solutions by 8.8% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 40,281 shares of the semiconductor manufacturer’s stock valued at $3,175,000 after buying an additional 3,267 shares in the last quarter. Phocas Financial Corp. acquired a new stake in Skyworks Solutions during the second quarter valued at approximately $1,445,000. Finally, Eaton Vance Management raised its stake in Skyworks Solutions by 6.4% during the second quarter. Eaton Vance Management now owns 60,391 shares of the semiconductor manufacturer’s stock valued at $4,666,000 after buying an additional 3,638 shares in the last quarter. 81.08% of the stock is owned by institutional investors.

Several research firms recently commented on SWKS. MKM Partners dropped their target price on Skyworks Solutions to $90.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Zacks Investment Research lowered Skyworks Solutions from a “hold” rating to a “sell” rating and set a $85.00 target price for the company. in a research note on Wednesday, August 7th. Barclays lowered Skyworks Solutions from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $75.00 to $80.00 in a research note on Thursday, July 18th. BidaskClub lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Finally, B. Riley lowered their price target on Skyworks Solutions from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $86.40.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, 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 locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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