Trade Report: Today: 27,500 Shares of Skyworks Solutions Inc. (SWKS) Stock are sold by Liam Griffin

Today: 27,500 Shares of Skyworks Solutions Inc. (SWKS) Stock are sold by Liam Griffin

Skyworks Solutions Inc. (NASDAQ:SWKS) insider Liam Griffin sold 27,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $80.00, for a total value of $2,200,000.00. Following the sale, the insider now directly owns 66,282 shares in the company, valued at $5,302,560. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Skyworks Solutions Inc. (NASDAQ:SWKS) traded down 0.0070% during midday trading on Monday, reaching $77.0046. The company had a trading volume of 248,834 shares. The company’s 50-day moving average is $77.25 and its 200-day moving average is $70.50. The firm has a market cap of $14.30 billion, a P/E ratio of 14.8658 and a beta of 1.11. Skyworks Solutions Inc. has a 52-week low of $54.50 and a 52-week high of $88.52.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, November 15th. This represents a $1.12 annualized dividend and a dividend yield of 1.45%. Skyworks Solutions’s dividend payout ratio is currently 21.62%.

Several institutional investors have recently bought and sold shares of the company. Shell Asset Management Co. boosted its position in Skyworks Solutions by 67.5% in the second quarter. Shell Asset Management Co. now owns 22,867 shares of the semiconductor manufacturer’s stock valued at $1,447,000 after buying an additional 9,213 shares in the last quarter. PGGM Investments boosted its position in Skyworks Solutions by 116.7% in the second quarter. PGGM Investments now owns 576,392 shares of the semiconductor manufacturer’s stock valued at $36,474,000 after buying an additional 310,401 shares in the last quarter. HL Financial Services LLC boosted its position in Skyworks Solutions by 8.2% in the second quarter. HL Financial Services LLC now owns 46,481 shares of the semiconductor manufacturer’s stock valued at $2,941,000 after buying an additional 3,504 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Skyworks Solutions by 2,079.8% in the second quarter. Tower Research Capital LLC TRC now owns 7,237 shares of the semiconductor manufacturer’s stock valued at $458,000 after buying an additional 6,905 shares in the last quarter. Finally, Narwhal Capital Management boosted its position in Skyworks Solutions by 11.9% in the second quarter. Narwhal Capital Management now owns 22,625 shares of the semiconductor manufacturer’s stock valued at $1,432,000 after buying an additional 2,400 shares in the last quarter. 80.54% of the stock is currently owned by hedge funds and other institutional investors.

SWKS has been the topic of several research reports. raised Skyworks Solutions from an “underperform” rating to an “outperform” rating and upped their price target for the company from $73.00 to $77.00 in a research report on Tuesday, August 9th. Vetr lowered Skyworks Solutions from a “buy” rating to a “hold” rating and set a $72.91 price target on the stock. in a research report on Wednesday, August 17th. Pacific Crest reissued an “equal weight” rating and set a $82.50 price target on shares of Skyworks Solutions in a research report on Monday, August 29th. Drexel Hamilton reissued a “buy” rating and set a $90.00 price target on shares of Skyworks Solutions in a research report on Tuesday, August 30th. Finally, Mizuho reissued a “neutral” rating and set a $68.00 price target on shares of Skyworks Solutions in a research report on Wednesday, August 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Skyworks Solutions presently has an average rating of “Buy” and a consensus target price of $84.69.

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