Skyworks Solutions, Inc. (NASDAQ:SWKS) VP Sells $54,240.00 in Stock

Skyworks Solutions, Inc. (NASDAQ:SWKS) VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total transaction of $54,240.00. Following the completion of the sale, the vice president now directly owns 9,112 shares in the company, valued at $1,093,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Philip Matthew Carter also recently made the following trade(s):

• On Wednesday, July 10th, Philip Matthew Carter sold 452 shares of Skyworks Solutions stock. The stock was sold at an average price of $110.00, for a total transaction of $49,720.00.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS traded up $0.83 during trading hours on Thursday, hitting $117.39. 2,672,929 shares of the company’s stock traded hands, compared to its average volume of 2,463,426. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.81 and a current ratio of 5.19. The company’s fifty day simple moving average is $100.48 and its two-hundred day simple moving average is $102.52. The company has a market cap of $18.84 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 5.74 and a beta of 1.23.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.08. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. As a group, equities analysts anticipate that Skyworks Solutions, Inc. will post 5.14 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.32%. Skyworks Solutions’s dividend payout ratio (DPR) is 51.13%.

Hedge Funds Weigh In On Skyworks Solutions

Several large investors have recently made changes to their positions in SWKS. Duality Advisers LP purchased a new stake in Skyworks Solutions during the first quarter valued at about $1,517,000. State of Tennessee Treasury Department lifted its stake in Skyworks Solutions by 152.8% during the fourth quarter. State of Tennessee Treasury Department now owns 118,960 shares of the semiconductor manufacturer’s stock valued at $13,373,000 after buying an additional 71,899 shares in the last quarter. Highland Capital Management LLC lifted its stake in Skyworks Solutions by 91.4% during the fourth quarter. Highland Capital Management LLC now owns 42,564 shares of the semiconductor manufacturer’s stock valued at $4,785,000 after buying an additional 20,330 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in Skyworks Solutions during the fourth quarter valued at about $10,053,000. Finally, Brookstone Capital Management purchased a new stake in Skyworks Solutions during the first quarter valued at about $262,000. Institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SWKS. Benchmark cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, May 1st. Stifel Nicolaus dropped their target price on shares of Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. TD Cowen cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their target price for the stock from $125.00 to $90.00 in a report on Wednesday, May 1st. Finally, Susquehanna increased their price objective on shares of Skyworks Solutions from $90.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $109.38.

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.