Skyworks Solutions, Inc. (NASDAQ:SWKS) SVP Carlos S. Bori sold 3,745 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $109.53, for a total transaction of $410,189.85. Following the transaction, the senior vice president now owns 14,723 shares of the company’s stock, valued at approximately $1,612,610.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $109.75 on Friday. The company has a market capitalization of $20,165.46, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 1.09 and a beta of 0.90. Skyworks Solutions, Inc. has a 12-month low of $71.65 and a 12-month high of $117.65.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.17%. The ex-dividend date is Monday, November 20th. Skyworks Solutions’s payout ratio is presently 23.66%.
A number of institutional investors have recently modified their holdings of the stock. Financial Engines Advisors L.L.C. acquired a new stake in shares of Skyworks Solutions in the 3rd quarter valued at about $126,000. WFG Advisors LP grew its holdings in Skyworks Solutions by 14.8% during the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after purchasing an additional 171 shares during the period. Sun Life Financial INC boosted its holdings in shares of Skyworks Solutions by 551.5% during the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after acquiring an additional 1,136 shares during the period. Intact Investment Management Inc. bought a new stake in shares of Skyworks Solutions during the third quarter worth approximately $204,000. Finally, Round Table Services LLC acquired a new stake in shares of Skyworks Solutions in the third quarter valued at approximately $204,000. 80.00% of the stock is currently owned by institutional investors and hedge funds.
SWKS has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Vetr upgraded shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $117.35 target price on the stock in a report on Thursday, August 3rd. Citigroup Inc. upgraded shares of Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Tuesday, September 5th. Zacks Investment Research cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Finally, Bank of America Corporation increased their price objective on shares of Skyworks Solutions from $120.00 to $125.00 in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $115.68.
About Skyworks Solutions
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
Receive News & Ratings for Skyworks Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.