Robert A. Schriesheim Sells 25,433 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock

Skyworks Solutions, Inc. (NASDAQ:SWKSGet Free Report) Director Robert A. Schriesheim sold 25,433 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the sale, the director now directly owns 60,881 shares of the company’s stock, valued at approximately $5,495,727.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Skyworks Solutions Stock Up 2.2 %

Shares of SWKS opened at $92.66 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81. The stock has a market capitalization of $14.87 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 4.25 and a beta of 1.35. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $115.69. The business’s 50 day simple moving average is $98.42 and its 200-day simple moving average is $102.26.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. As a group, equities analysts expect that Skyworks Solutions, Inc. will post 5.22 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Monday, May 20th. Skyworks Solutions’s payout ratio is 51.13%.

Institutional Investors Weigh In On Skyworks Solutions

Large investors have recently added to or reduced their stakes in the stock. HB Wealth Management LLC lifted its stake in shares of Skyworks Solutions by 3.0% in the 1st quarter. HB Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock valued at $349,000 after purchasing an additional 94 shares during the last quarter. Safeguard Investment Advisory Group LLC lifted its position in Skyworks Solutions by 0.6% in the fourth quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer’s stock worth $1,764,000 after buying an additional 99 shares during the last quarter. Albert D Mason Inc. boosted its stake in Skyworks Solutions by 0.7% during the first quarter. Albert D Mason Inc. now owns 14,591 shares of the semiconductor manufacturer’s stock worth $1,581,000 after buying an additional 99 shares during the period. John G Ullman & Associates Inc. increased its position in Skyworks Solutions by 3.1% during the fourth quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock valued at $371,000 after acquiring an additional 100 shares during the last quarter. Finally, Lcnb Corp increased its position in Skyworks Solutions by 2.4% during the fourth quarter. Lcnb Corp now owns 4,355 shares of the semiconductor manufacturer’s stock valued at $490,000 after acquiring an additional 100 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SWKS. KeyCorp cut Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. Wolfe Research downgraded shares of Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a report on Thursday, May 9th. Piper Sandler reduced their price objective on shares of Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lowered their target price on shares of Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Finally, Rosenblatt Securities dropped their target price on shares of Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $106.25.

Read Our Latest Stock Analysis on SWKS

Skyworks Solutions Company Profile

(Get Free Report)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.

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

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