Skyworks Solutions, Inc. (SWKS) SVP Sells $230,587.20 in Stock

Skyworks Solutions, Inc. (NASDAQ:SWKS) SVP Carlos S. Bori sold 2,151 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $107.20, for a total transaction of $230,587.20. Following the completion of the transaction, the senior vice president now owns 9,372 shares of the company’s stock, valued at approximately $1,004,678.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Skyworks Solutions, Inc. (SWKS) opened at $102.23 on Monday. Skyworks Solutions, Inc. has a 12-month low of $71.65 and a 12-month high of $117.65. The stock has a market cap of $18,783.75, a P/E ratio of 16.98, a P/E/G ratio of 1.01 and a beta of 0.84.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.28 annualized dividend and a dividend yield of 1.25%. Skyworks Solutions’s dividend payout ratio is presently 23.66%.

A number of brokerages have recently issued reports on SWKS. BMO Capital Markets reiterated a “hold” rating and issued a $100.00 price target on shares of Skyworks Solutions in a report on Monday, November 6th. DA Davidson reiterated a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a report on Tuesday, November 7th. Drexel Hamilton reiterated a “buy” rating and issued a $128.00 price target (up previously from $120.00) on shares of Skyworks Solutions in a report on Tuesday, November 7th. Needham & Company LLC raised their target price on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Finally, KeyCorp raised their target price on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company an “in-line” rating in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $115.72.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Financial Engines Advisors L.L.C. acquired a new stake in shares of Skyworks Solutions in the third quarter worth approximately $126,000. WFG Advisors LP lifted its position in Skyworks Solutions by 14.8% during the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock valued at $127,000 after buying an additional 171 shares in the last quarter. Sun Life Financial INC lifted its position in Skyworks Solutions by 551.5% during the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after buying an additional 1,136 shares in the last quarter. Intact Investment Management Inc. acquired a new position in Skyworks Solutions during the third quarter valued at approximately $204,000. Finally, Round Table Services LLC acquired a new position in Skyworks Solutions during the third quarter valued at approximately $204,000. 81.94% of the stock is currently owned by institutional investors and hedge funds.

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Skyworks Solutions Company Profile

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

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

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