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