Skyworks Solutions Inc (NASDAQ:SWKS) Director David J. Aldrich sold 999 shares of the business’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 transaction, the director now owns 204,031 shares of the company’s stock, valued at approximately $15,598,169.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
NASDAQ SWKS traded up $1.11 on Friday, reaching $76.66. 1,529,080 shares of the stock traded hands, compared to its average volume of 2,062,545. The company has a fifty day moving average price of $80.71 and a 200-day moving average price of $80.27. The company has a market cap of $13.47 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 1.67 and a beta of 1.02. Skyworks Solutions Inc has a 12 month low of $60.12 and a 12 month high of $94.39.
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, beating the Zacks’ consensus estimate of $1.21 by $0.14. The business had revenue of $767.00 million during the quarter, compared to analyst estimates of $767.71 million. Skyworks Solutions had a return on equity of 26.60% and a net margin of 26.10%. Skyworks Solutions’s revenue was down 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.64 EPS. Equities analysts anticipate that Skyworks Solutions Inc will post 5.73 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, August 26th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.38. This represents a $1.76 dividend on an annualized basis and a yield of 2.30%. Skyworks Solutions’s payout ratio is 22.93%.
A number of research firms recently issued reports on SWKS. Zacks Investment Research cut Skyworks Solutions from a “hold” rating to a “sell” rating and set a $85.00 price objective for the company. in a report on Wednesday, August 7th. UBS Group dropped their price objective on Skyworks Solutions from $93.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, May 22nd. Bank of America restated an “underperform” rating and set a $80.00 price objective (up previously from $70.00) on shares of Skyworks Solutions in a report on Friday, May 3rd. BMO Capital Markets dropped their price objective on Skyworks Solutions from $105.00 to $100.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Cascend Securities upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a report on Monday, June 10th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have given a buy rating to the company. Skyworks Solutions presently has an average rating of “Hold” and a consensus price target of $86.40.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC raised its position in shares of Skyworks Solutions by 63.8% in the 1st quarter. FMR LLC now owns 3,517,246 shares of the semiconductor manufacturer’s stock worth $290,102,000 after acquiring an additional 1,370,337 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Skyworks Solutions in the 1st quarter worth $81,554,000. Nuveen Asset Management LLC raised its position in shares of Skyworks Solutions by 20,005.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 937,520 shares of the semiconductor manufacturer’s stock worth $72,442,000 after acquiring an additional 932,857 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Skyworks Solutions by 26.4% in the 2nd quarter. AQR Capital Management LLC now owns 3,708,676 shares of the semiconductor manufacturer’s stock worth $286,347,000 after acquiring an additional 775,470 shares in the last quarter. Finally, DNB Asset Management AS raised its position in shares of Skyworks Solutions by 195.3% in the 2nd quarter. DNB Asset Management AS now owns 835,404 shares of the semiconductor manufacturer’s stock worth $64,552,000 after acquiring an additional 552,548 shares in the last quarter. 81.08% of the stock is owned by institutional investors and hedge funds.
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, 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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