Posted by admin on Aug 12th, 2022
Skyworks Solutions, Inc. (NASDAQ:SWKS – Get Rating) SVP Karilee A. Durham sold 5,858 shares of Skyworks Solutions stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $112.26, for a total transaction of $657,619.08. Following the transaction, the senior vice president now directly owns 10,130 shares in the company, valued at $1,137,193.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Skyworks Solutions stock opened at $110.25 on Friday. The company has a fifty day simple moving average of $101.07 and a 200-day simple moving average of $116.72. Skyworks Solutions, Inc. has a 12-month low of $88.76 and a 12-month high of $186.87. The company has a current ratio of 2.37, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. The stock has a market cap of $17.69 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 0.95 and a beta of 1.20.
Skyworks Solutions (NASDAQ:SWKS – Get Rating) last issued its earnings results on Thursday, August 4th. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.39. Skyworks Solutions had a net margin of 24.11% and a return on equity of 30.43%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the business posted $1.96 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities analysts forecast that Skyworks Solutions, Inc. will post 9.83 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th will be issued a $0.62 dividend. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $2.48 annualized dividend and a dividend yield of 2.25%. Skyworks Solutions’s dividend payout ratio is presently 28.46%.
A number of research firms have recently issued reports on SWKS. TheStreet downgraded shares of Skyworks Solutions from a “b-” rating to a “c+” rating in a research note on Tuesday, June 21st. UBS Group reduced their price target on shares of Skyworks Solutions from $145.00 to $133.00 in a research note on Wednesday, May 4th. Raymond James reduced their price target on shares of Skyworks Solutions from $170.00 to $150.00 in a research note on Friday, August 5th. The Goldman Sachs Group reduced their price target on shares of Skyworks Solutions from $120.00 to $97.00 in a research note on Friday, July 15th. Finally, Wells Fargo & Company cut their target price on shares of Skyworks Solutions from $160.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and an average price target of $142.45.
Several institutional investors and hedge funds have recently bought and sold shares of the business. Laidlaw Wealth Management LLC raised its position in Skyworks Solutions by 5.0% in the 4th quarter. Laidlaw Wealth Management LLC now owns 1,651 shares of the semiconductor manufacturer’s stock valued at $256,000 after purchasing an additional 78 shares during the last quarter. ARK Investment Management LLC raised its position in Skyworks Solutions by 6.9% in the 1st quarter. ARK Investment Management LLC now owns 1,344 shares of the semiconductor manufacturer’s stock valued at $179,000 after purchasing an additional 87 shares during the last quarter. Prestige Wealth Management Group LLC raised its position in Skyworks Solutions by 2.6% in the 4th quarter. Prestige Wealth Management Group LLC now owns 3,602 shares of the semiconductor manufacturer’s stock valued at $559,000 after purchasing an additional 91 shares during the last quarter. Eukles Asset Management raised its position in Skyworks Solutions by 0.5% in the 2nd quarter. Eukles Asset Management now owns 18,662 shares of the semiconductor manufacturer’s stock valued at $1,729,000 after purchasing an additional 94 shares during the last quarter. Finally, Synovus Financial Corp raised its position in Skyworks Solutions by 3.3% in the 2nd quarter. Synovus Financial Corp now owns 2,941 shares of the semiconductor manufacturer’s stock valued at $266,000 after purchasing an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 72.09% of the company’s stock.
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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