Skyworks Solutions (NASDAQ:SWKS) Insider Peter L. Gammel Sells 10,750 Shares

Skyworks Solutions (NASDAQ:SWKS) insider Peter L. Gammel sold 10,750 shares of Skyworks Solutions stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $111.21, for a total value of $1,195,507.50. Following the sale, the insider now owns 18,670 shares in the company, valued at $2,076,290.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Peter L. Gammel also recently made the following trade(s):

How to Become a New Pot Stock Millionaire
  • On Thursday, February 15th, Peter L. Gammel sold 12,500 shares of Skyworks Solutions stock. The stock was sold at an average price of $103.96, for a total value of $1,299,500.00.

SWKS stock traded down $3.24 during mid-day trading on Friday, reaching $95.56. 1,778,327 shares of the company traded hands, compared to its average volume of 1,844,600. The firm has a market capitalization of $17,407.69, a PE ratio of 15.98, a PEG ratio of 0.95 and a beta of 0.63. Skyworks Solutions has a 52-week low of $93.05 and a 52-week high of $117.65.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.91 by $0.09. Skyworks Solutions had a return on equity of 30.21% and a net margin of 21.72%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm earned $1.61 EPS. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. sell-side analysts expect that Skyworks Solutions will post 6.67 EPS for the current fiscal year.

Skyworks Solutions declared that its Board of Directors has approved 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 reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Wednesday, February 21st. Skyworks Solutions’s payout ratio is 21.40%.

Several hedge funds and other institutional investors have recently modified their holdings of SWKS. American Century Companies Inc. grew its holdings in shares of Skyworks Solutions by 27.2% during the third quarter. American Century Companies Inc. now owns 190,743 shares of the semiconductor manufacturer’s stock worth $19,437,000 after purchasing an additional 40,831 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Skyworks Solutions by 1.5% during the third quarter. New York State Common Retirement Fund now owns 431,530 shares of the semiconductor manufacturer’s stock worth $43,973,000 after purchasing an additional 6,400 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Skyworks Solutions by 11.5% during the third quarter. Toronto Dominion Bank now owns 69,729 shares of the semiconductor manufacturer’s stock worth $7,105,000 after purchasing an additional 7,214 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Skyworks Solutions by 14.8% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 212,999 shares of the semiconductor manufacturer’s stock worth $21,705,000 after purchasing an additional 27,445 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Skyworks Solutions by 2.9% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 26,807 shares of the semiconductor manufacturer’s stock worth $2,732,000 after purchasing an additional 748 shares in the last quarter. 83.20% of the stock is owned by institutional investors.

A number of equities research analysts have recently commented on SWKS shares. Morgan Stanley lifted their target price on Skyworks Solutions from $86.00 to $88.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 13th. BidaskClub cut Skyworks Solutions from a “hold” rating to a “sell” rating in a research note on Friday, December 15th. Cowen set a $115.00 target price on Skyworks Solutions and gave the stock a “hold” rating in a research note on Thursday, December 14th. Piper Jaffray started coverage on Skyworks Solutions in a research note on Wednesday, December 20th. They issued an “overweight” rating and a $115.00 price objective on the stock. Finally, Vetr cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $108.40 price objective on the stock. in a research note on Wednesday, January 3rd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $116.89.

COPYRIGHT VIOLATION WARNING: This report was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/08/peter-l-gammel-sells-10750-shares-of-skyworks-solutions-inc-swks-stock.html.

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, 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 shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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

Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply