Skyworks Solutions, Inc. (NASDAQ:SWKS) VP Sells $54,240.00 in Stock

Skyworks Solutions, Inc. (NASDAQ:SWKS) VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total transaction of $54,240.00. Following the completion of the transaction, the vice president now directly owns 9,112 shares in the company, valued at approximately $1,093,440. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Philip Matthew Carter also recently made the following trade(s):

• On Wednesday, July 10th, Philip Matthew Carter sold 452 shares of Skyworks Solutions stock. The shares were sold at an average price of $110.00, for a total transaction of $49,720.00.

Skyworks Solutions Stock Down 2.7 %

SWKS opened at $114.26 on Friday. The company has a 50 day moving average of $101.43 and a 200 day moving average of $102.59. The company has a market cap of $18.33 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 5.44 and a beta of 1.23. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $120.86. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 EPS for the quarter, topping the consensus estimate of $1.26 by $0.08. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. On average, sell-side analysts expect that Skyworks Solutions, Inc. will post 5.14 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Monday, May 20th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 51.13%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sequoia Financial Advisors LLC boosted its holdings in Skyworks Solutions by 4.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor manufacturer’s stock worth $239,000 after buying an additional 87 shares during the period. HB Wealth Management LLC boosted its holdings in Skyworks Solutions by 3.0% in the 1st quarter. HB Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock valued at $349,000 after purchasing an additional 94 shares during the period. Safeguard Investment Advisory Group LLC boosted its holdings in Skyworks Solutions by 0.6% in the 4th quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer’s stock valued at $1,764,000 after purchasing an additional 99 shares during the period. Albert D Mason Inc. boosted its holdings in Skyworks Solutions by 0.7% in the 1st quarter. Albert D Mason Inc. now owns 14,591 shares of the semiconductor manufacturer’s stock valued at $1,581,000 after purchasing an additional 99 shares during the period. Finally, John G Ullman & Associates Inc. boosted its holdings in Skyworks Solutions by 3.1% in the 4th quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock valued at $371,000 after purchasing an additional 100 shares during the period. 85.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, May 1st. B. Riley upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the company from $96.00 to $130.00 in a research note on Thursday, June 20th. Citigroup decreased their price objective on shares of Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating for the company in a research note on Thursday, May 2nd. UBS Group decreased their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Finally, StockNews.com lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $107.14.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.