David J. Aldrich Sells 10,000 Shares of Skyworks Solutions Inc (NASDAQ:SWKS) Stock

Skyworks Solutions Inc (NASDAQ:SWKS) Director David J. Aldrich sold 10,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $99.07, for a total value of $990,700.00. Following the completion of the transaction, the director now directly owns 213,032 shares of the company’s stock, valued at approximately $21,105,080.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Skyworks Solutions stock opened at $101.14 on Thursday. The business has a 50 day simple moving average of $87.95 and a two-hundred day simple moving average of $80.37. Skyworks Solutions Inc has a 12 month low of $60.12 and a 12 month high of $102.87. The stock has a market capitalization of $17.25 billion, a P/E ratio of 15.25, a PEG ratio of 2.11 and a beta of 1.06.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.02. Skyworks Solutions had a return on equity of 26.60% and a net margin of 26.10%. The business had revenue of $827.00 million during the quarter, compared to analysts’ expectations of $824.01 million. During the same quarter in the prior year, the firm earned $1.94 earnings per share. The business’s revenue was down 18.0% compared to the same quarter last year. As a group, equities analysts forecast that Skyworks Solutions Inc will post 5.72 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in SWKS. Vanguard Group Inc. increased its holdings in shares of Skyworks Solutions by 0.5% in the second quarter. Vanguard Group Inc. now owns 18,657,776 shares of the semiconductor manufacturer’s stock valued at $1,441,686,000 after purchasing an additional 93,644 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Skyworks Solutions by 4.1% in the second quarter. BlackRock Inc. now owns 13,205,789 shares of the semiconductor manufacturer’s stock valued at $1,020,412,000 after purchasing an additional 519,218 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Skyworks Solutions by 26.4% in the second quarter. AQR Capital Management LLC now owns 3,708,676 shares of the semiconductor manufacturer’s stock valued at $286,347,000 after purchasing an additional 775,470 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Skyworks Solutions by 2.2% in the second quarter. Invesco Ltd. now owns 2,737,563 shares of the semiconductor manufacturer’s stock valued at $211,532,000 after purchasing an additional 58,070 shares during the last quarter. Finally, Platinum Investment Management Ltd. increased its holdings in shares of Skyworks Solutions by 32.4% in the second quarter. Platinum Investment Management Ltd. now owns 2,553,417 shares of the semiconductor manufacturer’s stock valued at $197,303,000 after purchasing an additional 625,029 shares during the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on the company. Craig Hallum upped their price target on Skyworks Solutions from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price target on Skyworks Solutions from $80.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Cascend Securities upped their price target on Skyworks Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays cut Skyworks Solutions from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $75.00 to $80.00 in a report on Thursday, July 18th. Finally, Charter Equity reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $96.88.

About Skyworks Solutions

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.

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

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