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

Skyworks Solutions, Inc. (NASDAQ:SWKS) SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the transaction, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at $1,404,639.60. This represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 value of $164,181.36.

Skyworks Solutions Trading Down 0.4 %

SWKS opened at $83.69 on Friday. The stock has a market capitalization of $13.37 billion, a P/E ratio of 22.62, a P/E/G ratio of 1.53 and a beta of 1.21. The company has a current ratio of 3.01, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12 month low of $82.13 and a 12 month high of $120.86. The firm’s fifty day simple moving average is $95.14 and its 200 day simple moving average is $100.20.

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

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio is presently 75.68%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Skyworks Solutions by 8.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 8,652 shares of the semiconductor manufacturer’s stock valued at $937,000 after acquiring an additional 658 shares in the last quarter. Sei Investments Co. grew its stake in Skyworks Solutions by 49.1% in the first quarter. Sei Investments Co. now owns 179,590 shares of the semiconductor manufacturer’s stock valued at $19,451,000 after purchasing an additional 59,145 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of Skyworks Solutions by 1.4% during the 1st quarter. QRG Capital Management Inc. now owns 24,419 shares of the semiconductor manufacturer’s stock worth $2,645,000 after purchasing an additional 328 shares during the last quarter. US Bancorp DE raised its stake in shares of Skyworks Solutions by 6.8% during the 1st quarter. US Bancorp DE now owns 46,768 shares of the semiconductor manufacturer’s stock worth $5,066,000 after purchasing an additional 2,970 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of Skyworks Solutions by 28.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 5,336 shares of the semiconductor manufacturer’s stock valued at $578,000 after buying an additional 1,179 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on SWKS. B. Riley lowered their price objective on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday. Loop Capital started coverage on Skyworks Solutions in a report on Monday, November 11th. They set a “hold” rating and a $90.00 price objective on the stock. Craig Hallum dropped their target price on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday. Citigroup decreased their price target on Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating on the stock in a report on Wednesday. Finally, Mizuho dropped their price objective on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company 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. Based on data from MarketBeat.com, Skyworks Solutions presently 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.