Carlos S. Bori Sells 10,177 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) SVP Carlos S. Bori sold 10,177 shares of the company's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the transaction, the senior vice president now directly owns 27,026 shares in the company, valued at approximately $2,638,548.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Skyworks Solutions Stock Performance

SWKS stock traded down $0.35 during midday trading on Wednesday, hitting $98.21. The company's stock had a trading volume of 1,525,065 shares, compared to its average volume of 2,380,251. The stock's 50-day moving average price is $101.47 and its 200 day moving average price is $101.94. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. The stock has a market cap of $15.69 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 4.50 and a beta of 1.20. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.21. The business had revenue of $905.50 million during the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The firm's quarterly revenue was down 15.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.50 earnings per share. On average, equities analysts forecast that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Tuesday, August 20th. This is a boost from Skyworks Solutions's previous quarterly dividend of $0.68. Skyworks Solutions's payout ratio is 57.73%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SWKS. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. TD Cowen upped their price objective on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a "hold" rating in a report on Wednesday, July 31st. B. Riley upgraded shares of Skyworks Solutions from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $96.00 to $130.00 in a report on Thursday, June 20th. Rosenblatt Securities upped their target price on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $115.00 price target (up previously from $95.00) on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus price target of $112.53.

Hedge Funds Weigh In On Skyworks Solutions

Several institutional investors have recently bought and sold shares of SWKS. Twelve Points Wealth Management LLC raised its stake in shares of Skyworks Solutions by 9.5% in the third quarter. Twelve Points Wealth Management LLC now owns 16,753 shares of the semiconductor manufacturer's stock valued at $1,655,000 after buying an additional 1,450 shares during the period. Touchstone Capital Inc. increased its holdings in Skyworks Solutions by 43.8% in the 3rd quarter. Touchstone Capital Inc. now owns 59,149 shares of the semiconductor manufacturer's stock worth $5,842,000 after acquiring an additional 18,011 shares during the last quarter. Vontobel Holding Ltd. raised its stake in Skyworks Solutions by 6.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 15,862 shares of the semiconductor manufacturer's stock valued at $1,567,000 after acquiring an additional 922 shares during the period. Creative Planning lifted its holdings in Skyworks Solutions by 2.4% during the third quarter. Creative Planning now owns 148,142 shares of the semiconductor manufacturer's stock valued at $14,632,000 after purchasing an additional 3,540 shares during the last quarter. Finally, Gilman Hill Asset Management LLC boosted its position in Skyworks Solutions by 3.4% during the third quarter. Gilman Hill Asset Management LLC now owns 38,666 shares of the semiconductor manufacturer's stock worth $3,819,000 after purchasing an additional 1,279 shares during the period. Hedge funds and other institutional investors own 85.43% of the company's stock.

Skyworks Solutions Company Profile

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.

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