Robert John Terry Sells 1,483 Shares of Skyworks Solutions Inc (NASDAQ:SWKS) Stock

Skyworks Solutions Inc (NASDAQ:SWKS) SVP Robert John Terry sold 1,483 shares of Skyworks Solutions stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $100.00, for a total value of $148,300.00. Following the completion of the sale, the senior vice president now directly owns 15,132 shares in the company, valued at $1,513,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, November 11th, Robert John Terry sold 8,837 shares of Skyworks Solutions stock. The stock was sold at an average price of $100.05, for a total value of $884,141.85.
  • On Monday, October 21st, Robert John Terry sold 2,253 shares of Skyworks Solutions stock. The stock was sold at an average price of $90.00, for a total value of $202,770.00.
  • On Monday, September 23rd, Robert John Terry sold 3,250 shares of Skyworks Solutions stock. The stock was sold at an average price of $79.68, for a total value of $258,960.00.

Shares of NASDAQ SWKS traded up $0.38 during trading hours on Friday, reaching $99.13. The stock had a trading volume of 50,372 shares, compared to its average volume of 1,812,411. The firm has a market cap of $17.44 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 2.13 and a beta of 1.06. The business’s fifty day moving average price is $88.35 and its two-hundred day moving average price is $80.43. Skyworks Solutions Inc has a 52-week low of $60.12 and a 52-week high of $102.87.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly 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. The firm had revenue of $827.00 million during the quarter, compared to analyst estimates of $824.01 million. Skyworks Solutions had a return on equity of 24.48% and a net margin of 25.28%. Skyworks Solutions’s quarterly revenue was down 18.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.94 earnings per share. As a group, equities research analysts anticipate that Skyworks Solutions Inc will post 5.82 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be issued a $0.44 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.78%. Skyworks Solutions’s payout ratio is 30.82%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Skyworks Solutions by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 18,657,776 shares of the semiconductor manufacturer’s stock valued at $1,441,686,000 after acquiring an additional 93,644 shares during the period. BlackRock Inc. increased its holdings in shares of Skyworks Solutions by 4.1% during the 2nd quarter. BlackRock Inc. now owns 13,205,789 shares of the semiconductor manufacturer’s stock worth $1,020,412,000 after buying an additional 519,218 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Skyworks Solutions by 26.4% during the 2nd quarter. AQR Capital Management LLC now owns 3,708,676 shares of the semiconductor manufacturer’s stock worth $286,347,000 after buying an additional 775,470 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Skyworks Solutions by 2.2% during the 2nd quarter. Invesco Ltd. now owns 2,737,563 shares of the semiconductor manufacturer’s stock worth $211,532,000 after buying an additional 58,070 shares during the last quarter. Finally, Platinum Investment Management Ltd. increased its holdings in Skyworks Solutions by 32.4% in the 2nd quarter. Platinum Investment Management Ltd. now owns 2,553,417 shares of the semiconductor manufacturer’s stock valued at $197,303,000 after purchasing an additional 625,029 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

SWKS has been the topic of several research reports. Bank of America lifted their target price on Skyworks Solutions from $80.00 to $92.00 and gave the stock an “underperform” rating in a report on Wednesday. Craig Hallum lifted their target price on Skyworks Solutions from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday. Needham & Company LLC lifted their target price on Skyworks Solutions from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday. Charter Equity reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Monday, August 12th. Finally, Cascend Securities boosted their price objective on Skyworks Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $99.92.

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.

See Also: Golden Cross

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

Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit