Insider Selling: Skyworks Solutions Inc (NASDAQ:SWKS) Director Sells 5,000 Shares of Stock

Skyworks Solutions Inc (NASDAQ:SWKS) Director David J. Aldrich sold 5,000 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $79.34, for a total value of $396,700.00. Following the completion of the sale, the director now directly owns 208,032 shares of the company’s stock, valued at $16,505,258.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

NASDAQ SWKS traded up $1.83 on Friday, hitting $81.01. 1,016,919 shares of the company’s stock were exchanged, compared to its average volume of 2,042,844. The firm has a 50-day moving average price of $73.70. Skyworks Solutions Inc has a fifty-two week low of $60.12 and a fifty-two week high of $103.95. The stock has a market cap of $13.80 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 1.49 and a beta of 0.98.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, May 2nd. The semiconductor manufacturer reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.04. Skyworks Solutions had a return on equity of 28.25% and a net margin of 29.06%. The company had revenue of $810.40 million for the quarter, compared to analysts’ expectations of $809.52 million. During the same quarter in the previous year, the firm posted $1.64 EPS. The firm’s quarterly revenue was down 11.3% on a year-over-year basis. Equities analysts forecast that Skyworks Solutions Inc will post 5.68 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in Skyworks Solutions by 63.8% in the 1st quarter. FMR LLC now owns 3,517,246 shares of the semiconductor manufacturer’s stock valued at $290,102,000 after buying an additional 1,370,337 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Skyworks Solutions by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 2,693,315 shares of the semiconductor manufacturer’s stock worth $180,234,000 after purchasing an additional 242,983 shares during the period. Deutsche Bank AG lifted its stake in shares of Skyworks Solutions by 46.9% during the 4th quarter. Deutsche Bank AG now owns 1,875,809 shares of the semiconductor manufacturer’s stock worth $125,710,000 after purchasing an additional 598,980 shares during the period. Norges Bank purchased a new position in shares of Skyworks Solutions during the 4th quarter worth $121,517,000. Finally, First Trust Advisors LP lifted its stake in shares of Skyworks Solutions by 11.1% during the 1st quarter. First Trust Advisors LP now owns 1,629,556 shares of the semiconductor manufacturer’s stock worth $134,406,000 after purchasing an additional 162,995 shares during the period. Institutional investors own 80.98% of the company’s stock.

Several brokerages recently issued reports on SWKS. Macquarie set a $85.00 price target on QUALCOMM and gave the company a “buy” rating in a research report on Wednesday, April 17th. Craig Hallum cut Cypress Semiconductor from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Argus cut Skyworks Solutions from a “buy” rating to a “hold” rating and set a $69.00 price target on the stock. in a research report on Friday, June 7th. Piper Jaffray Companies dropped their price target on Skyworks Solutions from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 5th. Finally, DA Davidson dropped their price target on Skyworks Solutions to $95.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $86.38.

Skyworks Solutions Company Profile

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.

Featured Story: How Do Mutual Funds Work?

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

Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.