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):
- 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.
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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.
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