Skyworks Solutions Inc (SWKS) Chairman David J. Aldrich Sells 30,000 Shares

Skyworks Solutions Inc (NASDAQ:SWKS) Chairman David J. Aldrich sold 30,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $106.00, for a total value of $3,180,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Skyworks Solutions Inc (NASDAQ SWKS) traded up $1.26 during trading hours on Friday, hitting $107.26. The stock had a trading volume of 2,342,700 shares, compared to its average volume of 2,817,038. The firm has a market cap of $19,550.00, a PE ratio of 18.24, a P/E/G ratio of 1.05 and a beta of 0.69. Skyworks Solutions Inc has a twelve month low of $93.02 and a twelve month high of $117.65.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.91 by $0.09. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Skyworks Solutions had a return on equity of 30.21% and a net margin of 21.72%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.61 EPS. research analysts expect that Skyworks Solutions Inc will post 6.67 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 22nd will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 1.19%. Skyworks Solutions’s dividend payout ratio is currently 21.69%.

Skyworks Solutions declared that its board has initiated a stock buyback program on Monday, February 5th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

SWKS has been the topic of several research analyst reports. Zacks Investment Research upgraded Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Friday, November 10th. BMO Capital Markets upgraded Skyworks Solutions from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 6th. They noted that the move was a valuation call. Morgan Stanley boosted their price objective on Skyworks Solutions from $86.00 to $88.00 and gave the company an “underweight” rating in a report on Wednesday, December 13th. Drexel Hamilton reiterated a “buy” rating and issued a $128.00 price objective (up previously from $120.00) on shares of Skyworks Solutions in a report on Tuesday, November 7th. Finally, BidaskClub downgraded Skyworks Solutions from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. Skyworks Solutions presently has an average rating of “Buy” and an average target price of $115.93.

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Skyworks Solutions by 8.9% in the 4th quarter. BlackRock Inc. now owns 13,206,360 shares of the semiconductor manufacturer’s stock valued at $1,253,946,000 after purchasing an additional 1,076,214 shares during the period. Lazard Asset Management LLC boosted its position in shares of Skyworks Solutions by 21.6% in the 4th quarter. Lazard Asset Management LLC now owns 5,616,559 shares of the semiconductor manufacturer’s stock valued at $533,291,000 after purchasing an additional 998,446 shares during the period. Vulcan Value Partners LLC boosted its position in shares of Skyworks Solutions by 26.1% in the 4th quarter. Vulcan Value Partners LLC now owns 4,230,322 shares of the semiconductor manufacturer’s stock valued at $401,669,000 after purchasing an additional 876,101 shares during the period. Geode Capital Management LLC boosted its position in shares of Skyworks Solutions by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 2,313,298 shares of the semiconductor manufacturer’s stock valued at $219,253,000 after purchasing an additional 44,823 shares during the period. Finally, Manning & Napier Advisors LLC boosted its position in shares of Skyworks Solutions by 9.3% in the 3rd quarter. Manning & Napier Advisors LLC now owns 2,190,222 shares of the semiconductor manufacturer’s stock valued at $223,182,000 after purchasing an additional 186,077 shares during the period. 81.06% of the stock is owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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