Insider Selling: Skyworks Solutions, Inc. (NASDAQ:SWKS) SVP Sells $950,462.37 in Stock

Skyworks Solutions, Inc. (NASDAQ:SWKS) SVP Carlos S. Bori sold 9,321 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the sale, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at $3,793,589.91. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Skyworks Solutions Trading Up 2.0 %

SWKS stock opened at $102.47 on Monday. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $120.86. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $107.89 and its 200-day moving average is $103.23. The firm has a market cap of $16.37 billion, a P/E ratio of 19.26, a P/E/G ratio of 4.71 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.21. The firm had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The business’s revenue was down 15.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.50 earnings per share. Equities analysts anticipate that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were issued a dividend of $0.70 per share. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 52.63%.

Hedge Funds Weigh In On Skyworks Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in shares of Skyworks Solutions in the second quarter valued at approximately $1,122,000. Clearbridge Investments LLC raised its position in Skyworks Solutions by 3.3% in the 2nd quarter. Clearbridge Investments LLC now owns 368,858 shares of the semiconductor manufacturer’s stock valued at $39,313,000 after purchasing an additional 11,691 shares during the last quarter. Cetera Investment Advisers boosted its stake in Skyworks Solutions by 13.5% in the second quarter. Cetera Investment Advisers now owns 48,911 shares of the semiconductor manufacturer’s stock worth $5,213,000 after purchasing an additional 5,827 shares in the last quarter. Hershey Financial Advisers LLC bought a new stake in shares of Skyworks Solutions during the second quarter worth $1,461,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Skyworks Solutions in the second quarter valued at $240,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SWKS has been the subject of a number of research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. The Goldman Sachs Group raised Skyworks Solutions to a “hold” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. raised their target price on Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Robert W. Baird upped their price target on Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus raised their price objective on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $113.94.

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.