Skyworks Solutions Inc (NASDAQ:SWKS) Director Timothy R. Furey sold 3,500 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.30, for a total transaction of $291,550.00. Following the sale, the director now owns 20,824 shares in the company, valued at approximately $1,734,639.20. The transaction was disclosed in a document filed with the SEC, which is available at this link.
SWKS stock opened at $79.27 on Friday. The company has a fifty day moving average price of $77.94 and a 200-day moving average price of $79.71. The company has a market capitalization of $13.81 billion, a P/E ratio of 11.96, a PEG ratio of 1.75 and a beta of 1.02. Skyworks Solutions Inc has a 52-week low of $60.12 and a 52-week high of $94.39.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.14. The firm had revenue of $767.00 million during the quarter, compared to the consensus estimate of $767.71 million. Skyworks Solutions had a net margin of 26.10% and a return on equity of 26.60%. The company’s revenue for the quarter was down 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 earnings per share. As a group, sell-side analysts expect that Skyworks Solutions Inc will post 5.72 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Next Capital Management LLC raised its stake in shares of Skyworks Solutions by 118.7% during the second quarter. Next Capital Management LLC now owns 339 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 184 shares during the last quarter. Cribstone Capital Management LLC bought a new position in Skyworks Solutions during the second quarter worth $37,000. Stonebridge Capital Advisors LLC bought a new position in Skyworks Solutions during the second quarter worth $37,000. Griffin Asset Management Inc. bought a new position in Skyworks Solutions during the second quarter worth $42,000. Finally, Accurate Investment Solutions Inc. raised its stake in Skyworks Solutions by 42.5% during the second quarter. Accurate Investment Solutions Inc. now owns 580 shares of the semiconductor manufacturer’s stock worth $45,000 after buying an additional 173 shares during the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on SWKS. Raymond James raised shares of Skyworks Solutions from a “market perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research note on Thursday, July 18th. Canaccord Genuity dropped their price objective on shares of Skyworks Solutions from $83.00 to $82.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Argus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $69.00 price objective for the company. in a research note on Friday, June 7th. Charter Equity reissued a “hold” rating on shares of Skyworks Solutions in a research note on Monday, August 12th. Finally, MKM Partners dropped their price objective on shares of Skyworks Solutions to $90.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $86.40.
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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