Skyworks Solutions Inc (NASDAQ:SWKS) Director David J. Aldrich sold 10,000 shares of Skyworks Solutions stock in a transaction on Friday, November 8th. The stock was sold at an average price of $99.07, for a total transaction of $990,700.00. Following the sale, the director now owns 213,032 shares of the company’s stock, valued at $21,105,080.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
NASDAQ SWKS opened at $98.75 on Friday. The company has a market capitalization of $17.24 billion, a PE ratio of 17.29, a P/E/G ratio of 2.11 and a beta of 1.06. The company has a fifty day moving average of $88.35 and a 200 day moving average of $80.43. Skyworks Solutions Inc has a 1 year low of $60.12 and a 1 year high of $102.87.
Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.02. Skyworks Solutions had a net margin of 26.10% and a return on equity of 26.60%. The company had revenue of $827.00 million during the quarter, compared to the consensus estimate of $824.01 million. During the same period in the previous year, the firm posted $1.94 earnings per share. The firm’s quarterly revenue was down 18.0% on a year-over-year basis. As a group, equities analysts predict that Skyworks Solutions Inc will post 5.82 earnings per share for the current year.
Several research firms have recently commented on SWKS. JPMorgan Chase & Co. lifted their price objective on shares of Skyworks Solutions from $82.00 to $102.00 and gave the stock a “neutral” rating in a research note on Wednesday. Bank of America lifted their price objective on shares of Skyworks Solutions from $80.00 to $92.00 and gave the stock an “underperform” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Skyworks Solutions from a “hold” rating to a “sell” rating and set a $85.00 price objective for the company. in a research note on Wednesday, August 7th. ValuEngine upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, Canaccord Genuity downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $82.00 to $102.00 in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $99.62.
Skyworks Solutions Company Profile
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.
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