Skyworks Solutions (NASDAQ:SWKS) Shares Unloaded Sen. John Boozman

Senator John Boozman (R-Arkansas) recently sold shares of Skyworks Solutions, Inc. NASDAQ: SWKS. In a filing disclosed on December 17th, the Senator disclosed that they had sold between $1,001 and $15,000 in Skyworks Solutions stock on November 20th.

Senator John Boozman also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of JPMorgan BetaBuilders Europe ETF BATS: BBEU on 11/20/2024.
• Sold $1,001 - $15,000 in shares of Vanguard FTSE Emerging Markets ETF NYSEARCA: VWO on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of iShares MSCI All Country Asia ex Japan ETF NASDAQ: AAXJ on 11/20/2024.
• Purchased $1,001 - $15,000 in shares of SPDR S&P 500 ETF Trust NYSEARCA: SPY on 11/13/2024.
• Sold $1,001 - $15,000 in shares of iShares Russell 2000 ETF NYSEARCA: IWM on 10/9/2024.
• Sold $1,001 - $15,000 in shares of iShares Core S&P 500 ETF NYSEARCA: IVV on 10/6/2024.
• Sold $1,001 - $15,000 in shares of Fiserv NYSE: FI on 9/26/2024.

Skyworks Solutions Stock Performance

SWKS traded down $2.08 during trading on Wednesday, reaching $88.66. 4,133,084 shares of the company were exchanged, compared to its average volume of 2,386,806. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The stock has a market cap of $14.18 billion, a P/E ratio of 23.96, a PEG ratio of 2.01 and a beta of 1.19. Skyworks Solutions, Inc. has a 52 week low of $82.13 and a 52 week high of $120.86. The firm has a 50 day moving average of $90.21 and a 200 day moving average of $99.37.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The business had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter last year, the company earned $1.95 EPS. The company's revenue for the quarter was down 15.9% compared to the same quarter last year. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio is presently 75.68%.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Robert John Terry sold 1,821 shares of Skyworks Solutions stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the sale, the senior vice president now owns 24,567 shares in the company, valued at $2,214,960.72. The trade was a 6.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Carlos S. Bori sold 10,177 shares of the company's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the sale, the senior vice president now owns 27,026 shares of the company's stock, valued at $2,638,548.38. The trade was a 27.36 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,520 shares of company stock worth $2,083,803. Insiders own 0.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SWKS shares. Craig Hallum decreased their price target on Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, November 13th. Morgan Stanley decreased their target price on shares of Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 13th. Citigroup dropped their price target on shares of Skyworks Solutions from $83.00 to $72.00 and set a "sell" rating on the stock in a research report on Wednesday, November 13th. Loop Capital assumed coverage on Skyworks Solutions in a research report on Monday, November 11th. They set a "hold" rating and a $90.00 price target on the stock. Finally, Piper Sandler decreased their target price on shares of Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating for the company in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $101.00.

Institutional Trading of Skyworks Solutions

Hedge funds have recently modified their holdings of the company. Forsta AP Fonden lifted its position in shares of Skyworks Solutions by 27.0% during the 3rd quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer's stock worth $3,674,000 after buying an additional 7,900 shares during the period. Versor Investments LP grew its stake in shares of Skyworks Solutions by 115.3% during the third quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer's stock valued at $1,966,000 after purchasing an additional 10,658 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Skyworks Solutions by 25.3% in the third quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer's stock valued at $152,915,000 after purchasing an additional 325,672 shares in the last quarter. Captrust Financial Advisors raised its position in Skyworks Solutions by 20.2% in the 3rd quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer's stock worth $3,615,000 after purchasing an additional 6,151 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new position in Skyworks Solutions during the 3rd quarter worth $1,570,000. Institutional investors own 85.43% of the company's stock.

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas' U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman's academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

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.