Skyworks Solutions Inc (NASDAQ:SWKS) CEO Liam Griffin Sells 10,000 Shares

Skyworks Solutions Inc (NASDAQ:SWKS) CEO Liam Griffin sold 10,000 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $98.87, for a total transaction of $988,700.00. Following the sale, the chief executive officer now directly owns 79,287 shares of the company’s stock, valued at $7,839,105.69. The sale was disclosed in a document filed with the SEC, which is available through this link.

Liam Griffin also recently made the following trade(s):

  • On Thursday, November 21st, Liam Griffin sold 15,000 shares of Skyworks Solutions stock. The shares were sold at an average price of $96.34, for a total transaction of $1,445,100.00.
  • On Thursday, November 14th, Liam Griffin sold 10,561 shares of Skyworks Solutions stock. The stock was sold at an average price of $100.01, for a total transaction of $1,056,205.61.
  • On Thursday, November 7th, Liam Griffin sold 20,000 shares of Skyworks Solutions stock. The stock was sold at an average price of $99.01, for a total transaction of $1,980,200.00.
  • On Thursday, October 31st, Liam Griffin sold 5,000 shares of Skyworks Solutions stock. The shares were sold at an average price of $90.59, for a total transaction of $452,950.00.

NASDAQ:SWKS opened at $97.44 on Wednesday. The firm has a 50-day simple moving average of $95.20 and a 200-day simple moving average of $81.73. Skyworks Solutions Inc has a one year low of $60.12 and a one year high of $102.87. The firm has a market cap of $16.75 billion, a P/E ratio of 17.06, a P/E/G ratio of 1.43 and a beta of 1.05.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.02. Skyworks Solutions had a return on equity of 24.41% and a net margin of 25.28%. The company had revenue of $827.00 million for the quarter, compared to the consensus estimate of $824.01 million. During the same quarter last year, the company earned $1.94 earnings per share. The firm’s revenue for the quarter was down 18.0% compared to the same quarter last year. Sell-side analysts expect that Skyworks Solutions Inc will post 5.84 EPS for the current fiscal year.

The firm 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 dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.81%. The ex-dividend date is Monday, December 2nd. Skyworks Solutions’s dividend payout ratio is currently 30.82%.

Several analysts have commented on SWKS shares. ValuEngine upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. B. Riley raised their price objective on Skyworks Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their target price on Skyworks Solutions from $80.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Cascend Securities increased their price target on Skyworks Solutions from $95.00 to $100.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Finally, Loop Capital increased their price target on Skyworks Solutions to $120.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $95.36.

Large investors have recently made changes to their positions in the stock. Lenox Wealth Management Inc. increased its position in shares of Skyworks Solutions by 1.2% in the 3rd quarter. Lenox Wealth Management Inc. now owns 8,477 shares of the semiconductor manufacturer’s stock valued at $671,000 after acquiring an additional 103 shares during the period. Orrstown Financial Services Inc. lifted its stake in Skyworks Solutions by 9.0% during the 3rd quarter. Orrstown Financial Services Inc. now owns 1,633 shares of the semiconductor manufacturer’s stock valued at $123,000 after acquiring an additional 135 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Skyworks Solutions by 10.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,482 shares of the semiconductor manufacturer’s stock valued at $115,000 after acquiring an additional 136 shares during the last quarter. Rowland & Co. Investment Counsel ADV increased its stake in shares of Skyworks Solutions by 1.1% in the third quarter. Rowland & Co. Investment Counsel ADV now owns 13,443 shares of the semiconductor manufacturer’s stock worth $1,062,000 after acquiring an additional 150 shares during the period. Finally, Duncker Streett & Co. Inc. raised its holdings in shares of Skyworks Solutions by 1.5% during the third quarter. Duncker Streett & Co. Inc. now owns 11,119 shares of the semiconductor manufacturer’s stock worth $881,000 after purchasing an additional 159 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

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.

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