Skyworks Solutions, Inc. (NASDAQ:SWKS) CEO Philip G. Brace Buys 10,000 Shares

Skyworks Solutions, Inc. (NASDAQ:SWKS) CEO Philip G. Brace acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of $66.13 per share, with a total value of $661,300.00. Following the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Skyworks Solutions Stock Performance

NASDAQ:SWKS traded down $2.66 during midday trading on Thursday, reaching $64.12. The stock had a trading volume of 3,451,928 shares, compared to its average volume of 3,354,580. Skyworks Solutions, Inc. has a 12-month low of $62.01 and a 12-month high of $120.86. The firm has a fifty day simple moving average of $83.07 and a two-hundred day simple moving average of $91.21. The stock has a market cap of $10.31 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.79 and a beta of 1.14. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. On average, equities analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be issued a $0.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.37%. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

Analyst Ratings Changes

Several analysts recently weighed in on SWKS shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Barclays dropped their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Rosenblatt Securities reissued a “neutral” rating and issued a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, The Goldman Sachs Group cut their price target on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $83.78.

Hedge Funds Weigh In On Skyworks Solutions

Hedge funds have recently bought and sold shares of the company. Azzad Asset Management Inc. ADV increased its holdings in Skyworks Solutions by 4.7% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 37,964 shares of the semiconductor manufacturer’s stock valued at $3,367,000 after acquiring an additional 1,720 shares in the last quarter. Bernard Wealth Management Corp. purchased a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $106,000. Ameriflex Group Inc. acquired a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $71,000. Forum Financial Management LP raised its position in shares of Skyworks Solutions by 8.0% during the 4th quarter. Forum Financial Management LP now owns 16,607 shares of the semiconductor manufacturer’s stock worth $1,473,000 after purchasing an additional 1,237 shares during the last quarter. Finally, GF Fund Management CO. LTD. purchased a new stake in Skyworks Solutions in the 4th quarter valued at approximately $210,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Company Profile

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.