Investors Buy Skyworks Solutions (SWKS) on Weakness on Insider Selling

Traders bought shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) on weakness during trading hours on Friday after an insider sold shares in the company. $98.27 million flowed into the stock on the tick-up and $69.78 million flowed out of the stock on the tick-down, for a money net flow of $28.49 million into the stock. Of all companies tracked, Skyworks Solutions had the 30th highest net in-flow for the day. Skyworks Solutions traded down ($3.09) for the day and closed at $99.20Specifically, SVP Robert John Terry sold 7,986 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $110.32, for a total value of $881,015.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Liam Griffin sold 15,059 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $95.09, for a total transaction of $1,431,960.31. Following the completion of the transaction, the insider now owns 62,359 shares of the company’s stock, valued at $5,929,717.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 169,664 shares of company stock valued at $18,031,219. Corporate insiders own 0.49% of the company’s stock.

Several analysts recently commented on the stock. Vetr cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $105.96 price target for the company. in a report on Wednesday. Zacks Investment Research cut shares of Skyworks Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. BidaskClub upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Piper Jaffray Companies restated a “buy” rating and set a $115.00 price target on shares of Skyworks Solutions in a report on Wednesday, December 27th. Finally, Cowen set a $115.00 price target on shares of Skyworks Solutions and gave the stock a “hold” rating in a report on Thursday, December 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $116.00.

The firm has a market cap of $18,230.00, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.02 and a beta of 0.83.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Monday, November 6th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.05. Skyworks Solutions had a net margin of 27.67% and a return on equity of 29.17%. equities analysts expect that Skyworks Solutions, Inc. will post 6.69 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Diversified Trust Co raised its position in shares of Skyworks Solutions by 13.7% in the fourth quarter. Diversified Trust Co now owns 16,782 shares of the semiconductor manufacturer’s stock valued at $1,593,000 after purchasing an additional 2,025 shares during the period. State of Alaska Department of Revenue raised its position in shares of Skyworks Solutions by 174.6% in the fourth quarter. State of Alaska Department of Revenue now owns 28,183 shares of the semiconductor manufacturer’s stock valued at $2,674,000 after purchasing an additional 17,920 shares during the period. BKD Wealth Advisors LLC raised its position in shares of Skyworks Solutions by 24.0% in the fourth quarter. BKD Wealth Advisors LLC now owns 3,729 shares of the semiconductor manufacturer’s stock valued at $354,000 after purchasing an additional 721 shares during the period. Smithbridge Asset Management Inc. DE raised its position in shares of Skyworks Solutions by 5.1% in the fourth quarter. Smithbridge Asset Management Inc. DE now owns 33,950 shares of the semiconductor manufacturer’s stock valued at $3,224,000 after purchasing an additional 1,635 shares during the period. Finally, Westpac Banking Corp raised its position in shares of Skyworks Solutions by 87.2% in the fourth quarter. Westpac Banking Corp now owns 20,496 shares of the semiconductor manufacturer’s stock valued at $1,946,000 after purchasing an additional 9,550 shares during the period. 81.59% of the stock is currently owned by institutional investors.

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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.

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