Skyworks Solutions Inc. (NASDAQ:SWKS) EVP Bruce J. Freyman sold 36,272 shares of Skyworks Solutions stock in a transaction on Monday, October 10th. The shares were sold at an average price of $80.00, for a total value of $2,901,760.00. Following the transaction, the executive vice president now owns 41,675 shares of the company’s stock, valued at approximately $3,334,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Bruce J. Freyman also recently made the following trade(s):
- On Monday, August 29th, Bruce J. Freyman sold 3,221 shares of Skyworks Solutions stock. The stock was sold at an average price of $75.00, for a total value of $241,575.00.
Skyworks Solutions Inc. (NASDAQ:SWKS) opened at 78.82 on Thursday. The stock’s 50 day moving average price is $74.87 and its 200-day moving average price is $69.63. The company has a market cap of $14.78 billion, a PE ratio of 15.61 and a beta of 1.06. Skyworks Solutions Inc. has a 1-year low of $54.50 and a 1-year high of $88.52.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, topping 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 business had revenue of $751.70 million for the quarter, compared to analyst estimates of $750.22 million. On average, analysts forecast that Skyworks Solutions Inc. will post $5.53 earnings per share for the current year.
Several research firms have recently weighed in on SWKS. B. Riley restated a “buy” rating and issued a $93.00 price target on shares of Skyworks Solutions in a research note on Monday, July 25th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $100.00 price target on shares of Skyworks Solutions in a research note on Friday, July 15th. Credit Agricole SA upgraded Skyworks Solutions from an “underperform” rating to an “outperform” rating and boosted their price target for the stock from $73.00 to $77.00 in a research note on Tuesday, August 9th. Mizuho cut Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $99.00 to $68.00 in a research note on Friday, July 1st. Finally, Pacific Crest restated an “equal weight” rating and issued a $70.00 price target on shares of Skyworks Solutions in a research note on Monday, July 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $83.05.
Several hedge funds have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. raised its stake in Skyworks Solutions by 260.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the semiconductor manufacturer’s stock valued at $114,000 after buying an additional 1,300 shares during the last quarter. Bellwether Investment Group LLC purchased a new stake in Skyworks Solutions during the second quarter valued at approximately $125,000. Synovus Financial Corp raised its stake in Skyworks Solutions by 16.0% in the second quarter. Synovus Financial Corp now owns 2,282 shares of the semiconductor manufacturer’s stock valued at $143,000 after buying an additional 315 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Skyworks Solutions during the first quarter valued at approximately $182,000. Finally, Checchi Capital Advisers LLC raised its stake in Skyworks Solutions by 39.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,369 shares of the semiconductor manufacturer’s stock valued at $150,000 after buying an additional 673 shares during the last quarter. 76.66% of the stock is currently owned by hedge funds and other institutional investors.
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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