Skyworks Solutions Inc. (NASDAQ:SWKS) EVP Bruce J. Freyman sold 19,000 shares of the stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $76.90, for a total value of $1,461,100.00. Following the sale, the executive vice president now directly owns 31,626 shares of the company’s stock, valued at $2,432,039.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Skyworks Solutions Inc. (NASDAQ:SWKS) opened at 76.85 on Thursday. The stock has a market cap of $14.28 billion, a P/E ratio of 14.84 and a beta of 1.11. The firm’s 50 day moving average price is $77.19 and its 200-day moving average price is $70.70. Skyworks Solutions Inc. has a 12-month low of $54.50 and a 12-month high of $88.52.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.04. Skyworks Solutions had a net margin of 30.26% and a return on equity of 28.16%. The firm earned $835.40 million during the quarter, compared to the consensus estimate of $830.94 million. During the same quarter last year, the firm earned $1.52 EPS. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. Equities research analysts anticipate that Skyworks Solutions Inc. will post $6.18 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Tuesday, November 15th. Skyworks Solutions’s payout ratio is 21.62%.

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Several hedge funds and other institutional investors have recently made changes to their positions in SWKS. Shell Asset Management Co. increased its position in shares of Skyworks Solutions by 67.5% in the second quarter. Shell Asset Management Co. now owns 22,867 shares of the semiconductor manufacturer’s stock worth $1,447,000 after buying an additional 9,213 shares during the last quarter. PGGM Investments increased its position in shares of Skyworks Solutions by 116.7% in the second quarter. PGGM Investments now owns 576,392 shares of the semiconductor manufacturer’s stock worth $36,474,000 after buying an additional 310,401 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Skyworks Solutions by 8.3% in the third quarter. Oppenheimer & Co. Inc. now owns 72,510 shares of the semiconductor manufacturer’s stock worth $5,520,000 after buying an additional 5,579 shares during the last quarter. HL Financial Services LLC increased its position in shares of Skyworks Solutions by 8.2% in the second quarter. HL Financial Services LLC now owns 46,481 shares of the semiconductor manufacturer’s stock worth $2,941,000 after buying an additional 3,504 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Skyworks Solutions by 2,079.8% in the second quarter. Tower Research Capital LLC TRC now owns 7,237 shares of the semiconductor manufacturer’s stock worth $458,000 after buying an additional 6,905 shares during the last quarter. 80.54% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the company. Pacific Crest reissued an “equal weight” rating on shares of Skyworks Solutions in a research report on Thursday, September 15th. raised Skyworks Solutions from an “underperform” rating to an “outperform” rating and raised their target price for the stock from $73.00 to $77.00 in a research report on Tuesday, August 9th. Charter Equity raised Skyworks Solutions from a “market perform” rating to a “buy” rating in a research report on Tuesday, October 4th. Vetr downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and set a $72.91 target price for the company. in a research report on Wednesday, August 17th. Finally, MKM Partners reissued a “buy” rating and issued a $93.00 target price on shares of Skyworks Solutions in a research report on Monday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $84.69.

About Skyworks Solutions

Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.

5 Day Chart for NASDAQ:SWKS

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