Skyworks Solutions, Inc. (NASDAQ:SWKS) SVP Sells 1,821 Shares

Skyworks Solutions, Inc. (NASDAQ:SWKS) SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the sale, the senior vice president now directly owns 24,567 shares in the company, valued at $2,214,960.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS traded down $0.94 during trading on Tuesday, reaching $87.04. 3,429,320 shares of the stock were exchanged, compared to its average volume of 2,361,320. Skyworks Solutions, Inc. has a 12 month low of $85.99 and a 12 month high of $120.86. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $96.47 and a 200-day moving average price of $100.73. The firm has a market cap of $13.90 billion, a PE ratio of 18.14, a PEG ratio of 4.05 and a beta of 1.21.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.22%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 57.73%.

Institutional Trading of Skyworks Solutions

A number of institutional investors have recently modified their holdings of the business. Vulcan Value Partners LLC boosted its holdings in Skyworks Solutions by 38.8% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock valued at $481,552,000 after acquiring an additional 1,262,964 shares during the period. Pacer Advisors Inc. grew its stake in shares of Skyworks Solutions by 54.9% in the second quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock worth $370,768,000 after acquiring an additional 1,233,618 shares during the period. Swedbank AB bought a new position in shares of Skyworks Solutions in the 1st quarter worth approximately $110,086,000. Vanguard Group Inc. increased its holdings in Skyworks Solutions by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock worth $2,101,619,000 after acquiring an additional 745,374 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its position in shares of Skyworks Solutions by 5,769.6% during the third quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer’s stock valued at $71,708,000 after buying an additional 713,636 shares during the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on SWKS shares. Stifel Nicolaus boosted their price objective on Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Loop Capital initiated coverage on Skyworks Solutions in a report on Monday. They set a “hold” rating and a $90.00 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Finally, Barclays lowered Skyworks Solutions from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $115.00 to $87.00 in a report on Thursday, October 10th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus price target of $108.94.

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.