Skyworks Solutions Inc (NASDAQ:SWKS) insider Peter L. Gammel sold 2,250 shares of Skyworks Solutions stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $73.36, for a total value of $165,060.00. Following the completion of the transaction, the insider now owns 11,490 shares in the company, valued at $842,906.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
SWKS stock traded down $1.55 on Friday, hitting $71.80. 2,033,816 shares of the company’s stock were exchanged, compared to its average volume of 2,297,367. Skyworks Solutions Inc has a 12-month low of $60.12 and a 12-month high of $103.95. The company has a market cap of $12.67 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, May 2nd. The semiconductor manufacturer reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.04. Skyworks Solutions had a return on equity of 28.25% and a net margin of 29.06%. The company had revenue of $810.40 million during the quarter, compared to analysts’ expectations of $809.52 million. During the same quarter in the previous year, the firm posted $1.64 EPS. The firm’s revenue was down 11.3% compared to the same quarter last year. Sell-side analysts predict that Skyworks Solutions Inc will post 5.69 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in Skyworks Solutions by 3.0% during the 4th quarter. BlackRock Inc. now owns 13,271,115 shares of the semiconductor manufacturer’s stock worth $889,431,000 after acquiring an additional 385,052 shares during the period. FMR LLC lifted its position in Skyworks Solutions by 63.8% during the 1st quarter. FMR LLC now owns 3,517,246 shares of the semiconductor manufacturer’s stock worth $290,102,000 after acquiring an additional 1,370,337 shares during the period. AQR Capital Management LLC lifted its position in Skyworks Solutions by 1.3% during the 1st quarter. AQR Capital Management LLC now owns 2,933,206 shares of the semiconductor manufacturer’s stock worth $239,760,000 after acquiring an additional 37,466 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Skyworks Solutions by 6,143.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,733,478 shares of the semiconductor manufacturer’s stock worth $41,000 after acquiring an additional 2,689,698 shares during the period. Finally, Geode Capital Management LLC lifted its position in Skyworks Solutions by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 2,693,315 shares of the semiconductor manufacturer’s stock worth $180,234,000 after acquiring an additional 242,983 shares during the period. 81.08% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on SWKS. Macquarie downgraded Skyworks Solutions from an “outperform” rating to a “neutral” rating and set a $92.80 price target on the stock. in a report on Wednesday, April 17th. BMO Capital Markets lifted their price target on Skyworks Solutions to $105.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Cowen reiterated a “market perform” rating and issued a $95.00 price target (up from $80.00) on shares of Skyworks Solutions in a report on Friday, May 3rd. Mizuho reiterated a “hold” rating and issued a $89.00 price target on shares of Skyworks Solutions in a report on Friday, May 3rd. Finally, Craig Hallum reiterated a “buy” rating and issued a $105.00 price target (up from $90.00) on shares of Skyworks Solutions in a report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $87.40.
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, antenna tuners, 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 locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
See Also: Net Margin
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