Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) SVP Carlos S. Bori sold 10,177 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares of the company's stock, valued at approximately $2,638,548.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Skyworks Solutions Stock Performance
NASDAQ SWKS opened at $98.21 on Thursday. The company has a fifty day moving average of $101.47 and a two-hundred day moving average of $101.94. The company has a market capitalization of $15.69 billion, a PE ratio of 20.25, a P/E/G ratio of 4.50 and a beta of 1.20. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29.
Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, meeting the consensus estimate of $1.21. The business had revenue of $905.50 million during the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The business's quarterly revenue was down 15.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 EPS. As a group, analysts expect that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current year.
Skyworks Solutions Increases Dividend
Election rigged? We caught them red-handed…
From Banyan Hill Publishing | Ad
What happens if NOBODY will be elected the next President of the United States on Nov. 5?
Not Donald Trump. And not Kamala Harris.
The end result could be a 50% drop in the stock market.
You need to be ready.
Go here now for a FREE video about this surprising election forecast.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were issued a $0.70 dividend. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Tuesday, August 20th. Skyworks Solutions's dividend payout ratio is presently 57.73%.
Wall Street Analyst Weigh In
SWKS has been the topic of a number of research reports. The Goldman Sachs Group upgraded shares of Skyworks Solutions to a "hold" rating in a report on Wednesday, July 31st. Robert W. Baird lifted their target price on Skyworks Solutions from $90.00 to $108.00 and gave the company a "neutral" rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on Skyworks Solutions from $105.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Finally, Bank of America lifted their price objective on Skyworks Solutions from $95.00 to $110.00 and gave the company an "underperform" rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $112.53.
Check Out Our Latest Analysis on Skyworks Solutions
Hedge Funds Weigh In On Skyworks Solutions
A number of institutional investors have recently modified their holdings of SWKS. Duality Advisers LP acquired a new stake in Skyworks Solutions during the 1st quarter worth $1,517,000. Brookstone Capital Management purchased a new stake in shares of Skyworks Solutions in the first quarter valued at about $262,000. Advisors Asset Management Inc. raised its holdings in shares of Skyworks Solutions by 73.3% in the first quarter. Advisors Asset Management Inc. now owns 16,067 shares of the semiconductor manufacturer's stock valued at $1,740,000 after buying an additional 6,795 shares during the last quarter. M&G Plc acquired a new stake in shares of Skyworks Solutions during the second quarter worth about $797,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Skyworks Solutions by 10.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 450,917 shares of the semiconductor manufacturer's stock worth $48,843,000 after buying an additional 43,373 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.
About Skyworks Solutions
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
