Robert John Terry Sells 10,522 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock

Skyworks Solutions, Inc. (NASDAQ:SWKS) SVP Robert John Terry sold 10,522 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the transaction, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Robert John Terry also recently made the following trade(s):

• On Friday, November 8th, Robert John Terry sold 1,821 shares of Skyworks Solutions stock. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36.

Skyworks Solutions Stock Up 1.0 %

NASDAQ SWKS opened at $84.00 on Friday. The business has a fifty day moving average price of $95.44 and a two-hundred day moving average price of $100.37. The stock has a market capitalization of $13.42 billion, a PE ratio of 22.70, a PEG ratio of 3.77 and a beta of 1.21. Skyworks Solutions, Inc. has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.01 and a quick ratio of 4.29.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.95 earnings per share. Equities analysts expect that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.33%. Skyworks Solutions’s dividend payout ratio is currently 75.68%.

Institutional Trading of Skyworks Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Investment Management LLC acquired a new stake in shares of Skyworks Solutions during the 3rd quarter valued at $463,000. Erste Asset Management GmbH bought a new position in Skyworks Solutions in the third quarter valued at about $27,000. ARGA Investment Management LP boosted its stake in shares of Skyworks Solutions by 1.3% during the third quarter. ARGA Investment Management LP now owns 306,299 shares of the semiconductor manufacturer’s stock valued at $30,253,000 after purchasing an additional 3,927 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Skyworks Solutions by 12.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 178,455 shares of the semiconductor manufacturer’s stock worth $17,626,000 after purchasing an additional 20,000 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in shares of Skyworks Solutions during the third quarter worth about $1,926,000. Institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

SWKS has been the subject of a number of recent analyst reports. Loop Capital began coverage on shares of Skyworks Solutions in a research note on Monday. They issued a “hold” rating and a $90.00 price target for the company. Bank of America lifted their price target on Skyworks Solutions from $95.00 to $110.00 and gave the stock an “underperform” rating in a report on Wednesday, July 31st. Citigroup lowered their price target on Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating on the stock in a research report on Wednesday. TD Cowen raised their price objective on Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, Mizuho decreased their target price on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $101.00.

About Skyworks Solutions

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.