Robert John Terry Sells 1,821 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock

Skyworks Solutions, Inc. (NASDAQ:SWKS) SVP Robert John Terry sold 1,821 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the sale, the senior vice president now directly owns 24,567 shares in the company, valued at $2,214,960.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Robert John Terry also recently made the following trade(s):

• On Monday, November 11th, Robert John Terry sold 10,522 shares of Skyworks Solutions stock. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22.

Skyworks Solutions Stock Down 4.4 %

Shares of Skyworks Solutions stock opened at $83.18 on Thursday. Skyworks Solutions, Inc. has a 12-month low of $82.13 and a 12-month high of $120.86. The firm has a market capitalization of $13.29 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 3.95 and a beta of 1.21. 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’s fifty day moving average is $95.79 and its 200-day moving average is $100.49.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.73%. The business’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.95 earnings per share. Equities analysts anticipate that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.37%. Skyworks Solutions’s payout ratio is 75.68%.

Analyst Ratings Changes

A number of research analysts have issued reports on SWKS shares. Rosenblatt Securities boosted their target price on shares of Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. TD Cowen boosted their price objective on Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Morgan Stanley reduced their price target on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research report on Wednesday. Loop Capital began coverage on Skyworks Solutions in a report on Monday. They set a “hold” rating and a $90.00 price target on the stock. Finally, Piper Sandler reduced their price objective on shares of Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday. Three investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $101.59.

Institutional Trading of Skyworks Solutions

Large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its holdings in shares of Skyworks Solutions by 4.0% during the second quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor manufacturer’s stock valued at $239,000 after buying an additional 87 shares in the last quarter. AlphaMark Advisors LLC boosted its position in Skyworks Solutions by 14.8% during the 2nd quarter. AlphaMark Advisors LLC now owns 777 shares of the semiconductor manufacturer’s stock worth $83,000 after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Skyworks Solutions by 0.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,776 shares of the semiconductor manufacturer’s stock valued at $1,468,000 after acquiring an additional 100 shares in the last quarter. Zega Financial LLC grew its stake in Skyworks Solutions by 5.0% during the 2nd quarter. Zega Financial LLC now owns 2,100 shares of the semiconductor manufacturer’s stock valued at $224,000 after acquiring an additional 100 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co increased its holdings in shares of Skyworks Solutions by 0.7% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 14,722 shares of the semiconductor manufacturer’s stock valued at $1,569,000 after purchasing an additional 107 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

About Skyworks Solutions

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.