Skyworks Solutions Inc. (NASDAQ:SWKS) VP Mark V. B. Tremallo sold 17,100 shares of Skyworks Solutions stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $76.40, for a total transaction of $1,306,440.00. Following the completion of the transaction, the vice president now directly owns 14,998 shares of the company’s stock, valued at $1,145,847.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Mark V. B. Tremallo also recently made the following trade(s):
- On Tuesday, September 20th, Mark V. B. Tremallo sold 7,692 shares of Skyworks Solutions stock. The stock was sold at an average price of $75.64, for a total transaction of $581,822.88.
Skyworks Solutions Inc. (NASDAQ:SWKS) opened at 80.15 on Tuesday. Skyworks Solutions Inc. has a 52-week low of $54.50 and a 52-week high of $88.52. The firm’s 50-day moving average is $74.53 and its 200-day moving average is $69.49. The company has a market cap of $15.03 billion, a PE ratio of 15.87 and a beta of 1.06.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.03. Skyworks Solutions had a net margin of 29.32% and a return on equity of 29.31%. The firm had revenue of $751.70 million for the quarter, compared to analysts’ expectations of $750.22 million. On average, equities research analysts anticipate that Skyworks Solutions Inc. will post $5.53 EPS for the current year.
A number of large investors have recently made changes to their positions in SWKS. Pegasus Partners Ltd. acquired a new stake in shares of Skyworks Solutions during the first quarter valued at about $614,000. Cupps Capital Management LLC boosted its stake in shares of Skyworks Solutions by 4.6% in the first quarter. Cupps Capital Management LLC now owns 32,452 shares of the semiconductor manufacturer’s stock valued at $2,528,000 after buying an additional 1,436 shares during the period. BB&T Securities LLC boosted its stake in shares of Skyworks Solutions by 955.4% in the first quarter. BB&T Securities LLC now owns 73,286 shares of the semiconductor manufacturer’s stock valued at $5,708,000 after buying an additional 66,342 shares during the period. Maryland Capital Management boosted its stake in shares of Skyworks Solutions by 11.6% in the first quarter. Maryland Capital Management now owns 188,079 shares of the semiconductor manufacturer’s stock valued at $14,651,000 after buying an additional 19,551 shares during the period. Finally, Aviva PLC boosted its stake in shares of Skyworks Solutions by 1.2% in the first quarter. Aviva PLC now owns 95,241 shares of the semiconductor manufacturer’s stock valued at $7,419,000 after buying an additional 1,167 shares during the period. 76.66% of the stock is currently owned by institutional investors.
A number of brokerages have recently commented on SWKS. Vetr lowered shares of Skyworks Solutions from a “hold” rating to a “sell” rating and set a $76.75 price target for the company. in a research note on Monday. Charter Equity upgraded shares of Skyworks Solutions from a “market perform” rating to a “buy” rating in a research note on Tuesday, October 4th. Canaccord Genuity reiterated a “buy” rating and issued a $92.00 price target on shares of Skyworks Solutions in a research note on Friday, September 23rd. Brean Capital reiterated a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, September 21st. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $100.00 price target on shares of Skyworks Solutions in a research note on Friday, September 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the stock. Skyworks Solutions presently has an average rating of “Buy” and an average price target of $82.91.
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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