Skyworks Solutions Inc (SWKS) Director Sells $258,750.00 in Stock

Skyworks Solutions Inc (NASDAQ:SWKS) Director David J. Aldrich sold 3,000 shares of the stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $86.25, for a total transaction of $258,750.00. Following the sale, the director now owns 144,251 shares of the company’s stock, valued at approximately $12,441,648.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Skyworks Solutions stock traded down $4.22 during trading hours on Friday, reaching $85.27. 2,690,400 shares of the stock were exchanged, compared to its average volume of 2,083,863. The company has a market cap of $15.15 billion, a P/E ratio of 14.26, a PEG ratio of 0.84 and a beta of 0.60. Skyworks Solutions Inc has a 52-week low of $79.27 and a 52-week high of $117.65.

A number of brokerages recently weighed in on SWKS. BidaskClub upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Friday. Barclays decreased their price target on shares of Skyworks Solutions from $120.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, October 23rd. Zacks Investment Research cut shares of Skyworks Solutions from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Morgan Stanley decreased their price target on shares of Skyworks Solutions from $80.00 to $79.00 and set an “underweight” rating for the company in a research note on Wednesday, October 3rd. Finally, ValuEngine upgraded shares of Skyworks Solutions from a “strong sell” rating to a “sell” rating in a research note on Friday, September 21st. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $114.10.

A number of institutional investors have recently made changes to their positions in the business. Cim LLC raised its position in Skyworks Solutions by 12.1% during the 2nd quarter. Cim LLC now owns 4,710 shares of the semiconductor manufacturer’s stock worth $455,000 after buying an additional 507 shares during the last quarter. Pittenger & Anderson Inc. increased its holdings in shares of Skyworks Solutions by 6.8% in the 2nd quarter. Pittenger & Anderson Inc. now owns 8,670 shares of the semiconductor manufacturer’s stock valued at $838,000 after purchasing an additional 550 shares in the last quarter. Advisors Capital Management LLC increased its holdings in shares of Skyworks Solutions by 1.4% in the 3rd quarter. Advisors Capital Management LLC now owns 42,371 shares of the semiconductor manufacturer’s stock valued at $3,844,000 after purchasing an additional 584 shares in the last quarter. Country Club Trust Company n.a. increased its holdings in shares of Skyworks Solutions by 26.7% in the 2nd quarter. Country Club Trust Company n.a. now owns 2,796 shares of the semiconductor manufacturer’s stock valued at $270,000 after purchasing an additional 589 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its holdings in shares of Skyworks Solutions by 17.8% in the 2nd quarter. Wetherby Asset Management Inc. now owns 4,163 shares of the semiconductor manufacturer’s stock valued at $402,000 after purchasing an additional 630 shares in the last quarter. Institutional investors own 80.49% of the company’s stock.

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.

Further Reading: Return on Investment (ROI) Defined, Explained

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

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