Skyworks Solutions Inc. (NASDAQ:SWKS) VP Mark V. B. Tremallo sold 7,692 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $75.64, for a total transaction of $581,822.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Skyworks Solutions Inc. (NASDAQ:SWKS) opened at 72.82 on Tuesday. The company’s 50-day moving average is $72.29 and its 200-day moving average is $69.40. The company has a market cap of $13.65 billion, a price-to-earnings ratio of 14.42 and a beta of 1.15. Skyworks Solutions Inc. has a one year low of $54.50 and a one year high of $88.52.
Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Thursday, July 21st. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.03. Skyworks Solutions had a net margin of 29.32% and a return on equity of 29.31%. The company earned $751.70 million during the quarter, compared to the consensus estimate of $750.22 million. On average, equities analysts predict that Skyworks Solutions Inc. will post $5.53 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stratos Wealth Partners LTD. increased its position in Skyworks Solutions by 1.9% in the first quarter. Stratos Wealth Partners LTD. now owns 6,006 shares of the semiconductor manufacturer’s stock worth $468,000 after buying an additional 113 shares in the last quarter. Teachers Advisors Inc. increased its position in Skyworks Solutions by 5.1% in the first quarter. Teachers Advisors Inc. now owns 345,301 shares of the semiconductor manufacturer’s stock worth $26,899,000 after buying an additional 16,624 shares in the last quarter. Morris Capital Advisors LLC bought a new position in Skyworks Solutions during the first quarter worth approximately $591,000. Virginia Retirement System bought a new position in Skyworks Solutions during the first quarter worth approximately $4,822,000. Finally, Nisa Investment Advisors L.L.C. increased its position in Skyworks Solutions by 5.4% in the first quarter. Nisa Investment Advisors L.L.C. now owns 33,200 shares of the semiconductor manufacturer’s stock worth $2,586,000 after buying an additional 1,700 shares in the last quarter. 76.66% of the stock is owned by institutional investors.
Several research analysts have weighed in on the stock. Vetr downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $77.08 price target on the stock. in a research report on Thursday, September 15th. Canaccord Genuity reiterated a “buy” rating and issued a $92.00 price target on shares of Skyworks Solutions in a research report on Friday. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $100.00 price target on shares of Skyworks Solutions in a research report on Friday, September 16th. Brean Capital reiterated a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, September 21st. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $90.00 price target on shares of Skyworks Solutions in a research report on Tuesday, August 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the stock. Skyworks Solutions presently has an average rating of “Buy” and an average target price of $82.91.
Skyworks Solutions Company Profile
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.
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