Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) CEO Liam Griffin acquired 11,142 shares of the stock in a transaction dated Thursday, May 2nd. The stock was bought at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the purchase, the chief executive officer now directly owns 104,153 shares in the company, valued at $9,373,770. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Skyworks Solutions Trading Down 0.6 %
NASDAQ SWKS opened at $89.72 on Friday. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.67 and a beta of 1.35. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $115.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.79 and a quick ratio of 3.51. The business's fifty day moving average is $103.94 and its 200-day moving average is $101.91.
Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.02. The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.20 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. The business's revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.33 EPS. Equities research analysts predict that Skyworks Solutions, Inc. will post 5.65 EPS for the current year.
Skyworks Solutions Dividend Announcement
The Best AI Stock to Own in the World Today is Trading for Just $25
From Banyan Hill Publishing | Ad
“Titan of Tech” Bets Big on Tiny AI Company
He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal…
But our research shows his latest investment could be his most successful venture yet.
See how you can invest alongside him
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Monday, May 20th. Skyworks Solutions's payout ratio is 51.13%.
Institutional Investors Weigh In On Skyworks Solutions
Hedge funds have recently made changes to their positions in the business. BNP Paribas bought a new stake in Skyworks Solutions in the 1st quarter valued at about $27,000. Global Wealth Management Investment Advisory Inc. raised its stake in Skyworks Solutions by 98.1% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer's stock valued at $31,000 after acquiring an additional 155 shares during the period. Access Investment Management LLC bought a new stake in Skyworks Solutions in the 1st quarter valued at about $31,000. Milestone Investment Advisors LLC bought a new stake in Skyworks Solutions in the 3rd quarter valued at about $34,000. Finally, ST Germain D J Co. Inc. raised its stake in Skyworks Solutions by 60.5% in the 1st quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer's stock valued at $37,000 after acquiring an additional 130 shares during the period. 85.43% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
SWKS has been the subject of several research analyst reports. KeyCorp lowered shares of Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a research note on Monday, April 8th. Citigroup reduced their price target on shares of Skyworks Solutions from $85.00 to $83.00 and set a "sell" rating for the company in a research report on Thursday. Mizuho reduced their price target on shares of Skyworks Solutions from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday. Benchmark downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Stifel Nicolaus reduced their price target on shares of Skyworks Solutions from $122.00 to $112.00 and set a "buy" rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $108.86.
View Our Latest Stock Analysis on SWKS
About Skyworks Solutions
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
