Skyworks Solutions Inc. (NASDAQ:SWKS) EVP Bruce J. Freyman sold 36,272 shares of the stock in a transaction on Monday, October 10th. The stock was sold at an average price of $80.00, for a total transaction of $2,901,760.00. Following the transaction, the executive vice president now owns 41,675 shares in the company, valued at approximately $3,334,000. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Bruce J. Freyman also recently made the following trade(s):
- On Monday, August 29th, Bruce J. Freyman sold 3,221 shares of Skyworks Solutions stock. The stock was sold at an average price of $75.00, for a total transaction of $241,575.00.
Shares of Skyworks Solutions Inc. (NASDAQ:SWKS) opened at 77.41 on Friday. The firm’s 50-day moving average is $74.98 and its 200-day moving average is $69.69. Skyworks Solutions Inc. has a 52-week low of $54.50 and a 52-week high of $88.52. The firm has a market cap of $14.51 billion, a P/E ratio of 15.33 and a beta of 1.06.
Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.21 by $0.03. Skyworks Solutions had a return on equity of 29.31% and a net margin of 29.32%. The business earned $751.70 million during the quarter, compared to the consensus estimate of $750.22 million. Analysts anticipate that Skyworks Solutions Inc. will post $5.53 earnings per share for the current year.
Several research firms recently issued reports on SWKS. Vetr raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating and set a $80.30 price objective for the company in a report on Tuesday. Charter Equity raised shares of Skyworks Solutions from a “market perform” rating to a “buy” rating in a report on Tuesday, October 4th. Canaccord Genuity reaffirmed a “buy” rating and set a $92.00 price objective on shares of Skyworks Solutions in a report on Friday, September 23rd. Brean Capital reaffirmed a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, September 21st. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Skyworks Solutions in a report on Friday, September 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $83.05.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. increased its position in shares of Skyworks Solutions by 260.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the semiconductor manufacturer’s stock valued at $114,000 after buying an additional 1,300 shares in the last quarter. Bellwether Investment Group LLC acquired a new stake in shares of Skyworks Solutions during the second quarter worth about $125,000. Synovus Financial Corp increased its stake in shares of Skyworks Solutions by 16.0% in the second quarter. Synovus Financial Corp now owns 2,282 shares of the semiconductor manufacturer’s stock worth $143,000 after buying an additional 315 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Skyworks Solutions by 39.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,369 shares of the semiconductor manufacturer’s stock worth $150,000 after buying an additional 673 shares during the period. Finally, Mizuho Asset Management Co. Ltd. increased its stake in shares of Skyworks Solutions by 101.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,585 shares of the semiconductor manufacturer’s stock worth $164,000 after buying an additional 1,302 shares during the period. Institutional investors and hedge funds own 76.66% of the company’s stock.
Skyworks Solutions Company Profile
Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.
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