Insider Selling: Skyworks Solutions, Inc. (NASDAQ:SWKS) SVP Sells 10,522 Shares of Stock

Skyworks Solutions, Inc. (NASDAQ:SWKS) SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the sale, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at $1,404,639.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Robert John Terry also recently made the following trade(s):

• On Friday, November 8th, Robert John Terry sold 1,821 shares of Skyworks Solutions stock. The shares were sold at an average price of $90.16, for a total value of $164,181.36.

Skyworks Solutions Price Performance

Shares of SWKS opened at $83.18 on Thursday. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The company’s fifty day simple moving average is $95.79 and its 200 day simple moving average is $100.49. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 3.95 and a beta of 1.21. Skyworks Solutions, Inc. has a 1-year low of $82.13 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping 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 company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm posted $1.95 EPS. The firm’s quarterly revenue was down 15.9% on a year-over-year basis. On average, research analysts forecast that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

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

Hedge Funds Weigh In On Skyworks Solutions

A number of hedge funds have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. grew its stake in shares of Skyworks Solutions by 8.2% in the 1st 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 during the period. Sei Investments Co. raised its holdings in shares of Skyworks Solutions by 49.1% in the 1st quarter. Sei Investments Co. now owns 179,590 shares of the semiconductor manufacturer’s stock worth $19,451,000 after acquiring an additional 59,145 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Skyworks Solutions by 1.4% during the first quarter. QRG Capital Management Inc. now owns 24,419 shares of the semiconductor manufacturer’s stock valued at $2,645,000 after buying an additional 328 shares during the last quarter. US Bancorp DE lifted its stake in Skyworks Solutions by 6.8% during the 1st quarter. US Bancorp DE now owns 46,768 shares of the semiconductor manufacturer’s stock valued at $5,066,000 after acquiring an additional 2,970 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in Skyworks Solutions by 28.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 5,336 shares of the semiconductor manufacturer’s stock worth $578,000 after acquiring an additional 1,179 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SWKS. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday. Morgan Stanley decreased their price target on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday. TD Cowen boosted their target price on Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Finally, Barclays cut their price target on Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating for the company in a research note on Wednesday. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $101.59.

Skyworks Solutions Company Profile

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.