Todays Report: Today, 7,500 Shares of Skyworks Solutions Inc. (SWKS) Stock are sold by Timothy R. Furey

Today, 7,500 Shares of Skyworks Solutions Inc. (SWKS) Stock are sold by Timothy R. Furey

Skyworks Solutions Inc. (NASDAQ:SWKS) Director Timothy R. Furey sold 7,500 shares of the stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $78.67, for a total transaction of $590,025.00. Following the sale, the director now directly owns 19,947 shares in the company, valued at $1,569,230.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Skyworks Solutions Inc. (NASDAQ:SWKS) opened at 77.01 on Friday. Skyworks Solutions Inc. has a 52-week low of $54.50 and a 52-week high of $88.52. The company’s 50-day moving average is $77.25 and its 200 day moving average is $70.50. The firm has a market capitalization of $14.30 billion, a PE ratio of 14.87 and a beta of 1.11.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.04. Skyworks Solutions had a net margin of 30.26% and a return on equity of 28.16%. The business had revenue of $835.40 million for the quarter, compared to analysts’ expectations of $830.94 million. During the same period in the prior year, the company posted $1.52 EPS. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. Equities analysts expect that Skyworks Solutions Inc. will post $6.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.45%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 21.62%.

Institutional investors have recently bought and sold shares of the company. BKS Advisors LLC bought a new position in Skyworks Solutions during the third quarter worth $101,000. Canada Pension Plan Investment Board boosted its position in Skyworks Solutions by 1,084.1% in the third quarter. Canada Pension Plan Investment Board now owns 1,338 shares of the semiconductor manufacturer’s stock worth $102,000 after buying an additional 1,225 shares during the period. Investment Counselors of Maryland LLC bought a new position in Skyworks Solutions during the third quarter worth $102,000. Kistler Tiffany Companies LLC boosted its position in Skyworks Solutions by 190.5% in the third quarter. Kistler Tiffany Companies LLC now owns 1,525 shares of the semiconductor manufacturer’s stock worth $116,000 after buying an additional 1,000 shares during the period. Finally, TLP Group LLC bought a new position in Skyworks Solutions during the third quarter worth $133,000. 77.65% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the stock. Brean Capital reissued a “buy” rating and set a $85.00 price target on shares of Skyworks Solutions in a report on Monday, November 7th. Vetr downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $77.08 price target on the stock. in a report on Thursday, September 15th. Canaccord Genuity reissued a “buy” rating and set a $92.00 price target on shares of Skyworks Solutions in a report on Friday, September 23rd. Mizuho reissued a “neutral” rating and set a $68.00 price target on shares of Skyworks Solutions in a report on Wednesday, August 31st. Finally, Charter Equity raised shares of Skyworks Solutions from a “market perform” rating to a “buy” rating in a report on Tuesday, October 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $84.69.

Skyworks Solutions Company Profile

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