Skyworks Solutions Inc (NASDAQ:SWKS) insider Peter L. Gammel sold 2,351 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $82.81, for a total value of $194,686.31. Following the transaction, the insider now directly owns 11,121 shares in the company, valued at approximately $920,930.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Peter L. Gammel also recently made the following trade(s):
- On Wednesday, February 13th, Peter L. Gammel sold 1,915 shares of Skyworks Solutions stock. The stock was sold at an average price of $83.91, for a total value of $160,687.65.
Shares of SWKS stock traded up $2.33 during trading on Friday, hitting $83.76. The company had a trading volume of 2,576,508 shares, compared to its average volume of 2,140,901. Skyworks Solutions Inc has a one year low of $60.12 and a one year high of $111.91. The stock has a market cap of $14.64 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 1.26 and a beta of 0.69.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, February 5th. The semiconductor manufacturer reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.12. Skyworks Solutions had a return on equity of 29.30% and a net margin of 29.91%. The firm had revenue of $972.00 million during the quarter, compared to analysts’ expectations of $974.70 million. During the same period in the prior year, the company earned $2.00 earnings per share. The company’s quarterly revenue was down 7.6% on a year-over-year basis. On average, equities research analysts predict that Skyworks Solutions Inc will post 5.98 earnings per share for the current fiscal year.
Skyworks Solutions announced that its board has authorized a stock repurchase program on Tuesday, February 5th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to repurchase up to 15.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 19th. Shareholders of record on Tuesday, February 26th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Monday, February 25th. Skyworks Solutions’s payout ratio is presently 22.93%.
Several research firms have recently commented on SWKS. BMO Capital Markets upped their target price on Skyworks Solutions to $94.00 and gave the company a “positive” rating in a research report on Wednesday, February 6th. ValuEngine raised Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. DA Davidson reaffirmed a “positive” rating and issued a $95.00 target price on shares of Skyworks Solutions in a research report on Thursday, February 7th. BidaskClub raised Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Finally, TheStreet raised Skyworks Solutions from a “c+” rating to a “b-” rating in a research report on Wednesday, February 27th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $93.00.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strategic Financial Services Inc lifted its stake in Skyworks Solutions by 1.5% during the fourth quarter. Strategic Financial Services Inc now owns 55,024 shares of the semiconductor manufacturer’s stock worth $3,688,000 after purchasing an additional 791 shares during the last quarter. Montrusco Bolton Investments Inc. increased its holdings in shares of Skyworks Solutions by 1.7% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 135,861 shares of the semiconductor manufacturer’s stock worth $8,997,000 after buying an additional 2,252 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Skyworks Solutions by 13.7% during the third quarter. Nordea Investment Management AB now owns 153,613 shares of the semiconductor manufacturer’s stock worth $13,935,000 after buying an additional 18,513 shares in the last quarter. Montag & Caldwell LLC increased its holdings in shares of Skyworks Solutions by 17.5% during the fourth quarter. Montag & Caldwell LLC now owns 3,349 shares of the semiconductor manufacturer’s stock worth $224,000 after buying an additional 498 shares in the last quarter. Finally, Commonwealth Bank of Australia increased its holdings in shares of Skyworks Solutions by 85.5% during the third quarter. Commonwealth Bank of Australia now owns 49,041 shares of the semiconductor manufacturer’s stock worth $4,444,000 after buying an additional 22,600 shares in the last quarter. Hedge funds and other institutional investors own 81.15% of the company’s stock.
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About Skyworks Solutions
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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