Skyworks Solutions, Inc. (NASDAQ:SWKS) SVP Carlos S. Bori Sells 10,177 Shares

Skyworks Solutions, Inc. (NASDAQ:SWKS) SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the sale, the senior vice president now owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Skyworks Solutions Trading Down 0.4 %

Shares of SWKS opened at $98.21 on Thursday. 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 firm has a 50-day moving average price of $101.47 and a 200 day moving average price of $101.94. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $120.86. The firm has a market capitalization of $15.69 billion, a P/E ratio of 20.25, a P/E/G ratio of 4.50 and a beta of 1.20.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, meeting the consensus estimate of $1.21. The business had revenue of $905.50 million during the quarter, compared to analysts’ expectations of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The business’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.50 EPS. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Tuesday, August 20th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio is 57.73%.

Institutional Trading of Skyworks Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Duality Advisers LP acquired a new stake in shares of Skyworks Solutions during the first quarter valued at about $1,517,000. Brookstone Capital Management acquired a new stake in Skyworks Solutions in the 1st quarter valued at approximately $262,000. Advisors Asset Management Inc. raised its position in Skyworks Solutions by 73.3% in the first quarter. Advisors Asset Management Inc. now owns 16,067 shares of the semiconductor manufacturer’s stock valued at $1,740,000 after purchasing an additional 6,795 shares during the period. M&G Plc acquired a new position in Skyworks Solutions during the second quarter worth $797,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Skyworks Solutions by 10.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 450,917 shares of the semiconductor manufacturer’s stock worth $48,843,000 after purchasing an additional 43,373 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SWKS has been the subject of several recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Stifel Nicolaus boosted their target price on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird upped their price target on shares of Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Susquehanna reiterated a “neutral” rating and issued a $125.00 price objective on shares of Skyworks Solutions in a report on Wednesday, July 31st. Finally, Rosenblatt Securities increased their target price on Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $112.53.

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.