Skyworks Solutions Inc (NASDAQ:SWKS) insider Peter L. Gammel sold 10,750 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $111.21, for a total value of $1,195,507.50. Following the transaction, the insider now owns 18,670 shares in the company, valued at approximately $2,076,290.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Peter L. Gammel also recently made the following trade(s):
- On Thursday, February 15th, Peter L. Gammel sold 12,500 shares of Skyworks Solutions stock. The stock was sold at an average price of $103.96, for a total value of $1,299,500.00.
Shares of Skyworks Solutions stock opened at $110.63 on Monday. Skyworks Solutions Inc has a 52 week low of $93.05 and a 52 week high of $117.65. The stock has a market capitalization of $20,188.09, a P/E ratio of 25.09, a P/E/G ratio of 1.10 and a beta of 0.55.
Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.09. Skyworks Solutions had a return on equity of 30.21% and a net margin of 21.72%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the company earned $1.61 EPS. Skyworks Solutions’s revenue was up 15.0% on a year-over-year basis. analysts predict that Skyworks Solutions Inc will post 6.67 earnings per share for the current year.
Skyworks Solutions announced that its board has initiated a share repurchase plan on Monday, February 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, February 22nd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Wednesday, February 21st. Skyworks Solutions’s payout ratio is currently 29.03%.
A number of hedge funds have recently bought and sold shares of SWKS. BlackRock Inc. lifted its stake in Skyworks Solutions by 8.9% in the 4th quarter. BlackRock Inc. now owns 13,206,360 shares of the semiconductor manufacturer’s stock valued at $1,253,946,000 after buying an additional 1,076,214 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Skyworks Solutions by 21.6% in the 4th quarter. Lazard Asset Management LLC now owns 5,616,559 shares of the semiconductor manufacturer’s stock valued at $533,291,000 after buying an additional 998,446 shares in the last quarter. Vulcan Value Partners LLC lifted its stake in Skyworks Solutions by 26.1% in the 4th quarter. Vulcan Value Partners LLC now owns 4,230,322 shares of the semiconductor manufacturer’s stock valued at $401,669,000 after buying an additional 876,101 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Skyworks Solutions during the 4th quarter worth $40,580,000. Finally, Millennium Management LLC lifted its stake in shares of Skyworks Solutions by 273.1% during the 4th quarter. Millennium Management LLC now owns 500,573 shares of the semiconductor manufacturer’s stock worth $47,529,000 after purchasing an additional 366,424 shares during the period. 83.20% of the stock is currently owned by hedge funds and other institutional investors.
SWKS has been the topic of several recent analyst reports. Piper Jaffray Companies reiterated a “buy” rating and set a $115.00 target price on shares of Skyworks Solutions in a research report on Wednesday, December 27th. Vetr cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $108.40 target price on the stock. in a research report on Wednesday, January 3rd. Canaccord Genuity reiterated a “buy” rating and set a $115.00 target price on shares of Skyworks Solutions in a research report on Wednesday, January 24th. Drexel Hamilton reiterated a “buy” rating and set a $128.00 target price on shares of Skyworks Solutions in a research report on Monday, February 5th. Finally, UBS upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty-five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $117.09.
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About Skyworks Solutions
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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