Skyworks Solutions (NASDAQ:SWKS) Hits New 1-Year Low Following Insider Selling

Skyworks Solutions, Inc. (NASDAQ:SWKS) shares reached a new 52-week low on Tuesday following insider selling activity. The company traded as low as $86.58 and last traded at $87.55, with a volume of 138839 shares. The stock had previously closed at $87.98.

Specifically, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36. Following the transaction, the senior vice president now owns 24,567 shares in the company, valued at $2,214,960.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating on the stock in a research report on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Craig Hallum reduced their price target on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday. The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley reduced their target price on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $101.59.

Skyworks Solutions Price Performance

The stock has a market cap of $13.29 billion, a P/E ratio of 22.48, a PEG ratio of 3.95 and a beta of 1.21. The company has a 50 day simple moving average of $95.79 and a 200 day simple moving average of $100.49. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.73%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm earned $1.95 earnings per share. The firm’s revenue for the quarter was down 15.9% compared to the same quarter last year. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.37%. Skyworks Solutions’s dividend payout ratio is currently 75.68%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. grew its stake in shares of Skyworks Solutions by 8.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 8,652 shares of the semiconductor manufacturer’s stock valued at $937,000 after buying an additional 658 shares in the last quarter. Sei Investments Co. increased its stake in shares of Skyworks Solutions by 49.1% during the 1st quarter. Sei Investments Co. now owns 179,590 shares of the semiconductor manufacturer’s stock worth $19,451,000 after purchasing an additional 59,145 shares during the last quarter. US Bancorp DE lifted its stake in Skyworks Solutions by 6.8% in the 1st quarter. US Bancorp DE now owns 46,768 shares of the semiconductor manufacturer’s stock valued at $5,066,000 after purchasing an additional 2,970 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in Skyworks Solutions by 28.4% during the first quarter. Avantax Advisory Services Inc. now owns 5,336 shares of the semiconductor manufacturer’s stock worth $578,000 after purchasing an additional 1,179 shares during the period. Finally, Bleakley Financial Group LLC increased its position in Skyworks Solutions by 7.9% during the first quarter. Bleakley Financial Group LLC now owns 1,992 shares of the semiconductor manufacturer’s stock worth $216,000 after buying an additional 146 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

About Skyworks Solutions

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.