Skyworks Solutions Inc. (NASDAQ:SWKS) EVP Bruce J. Freyman sold 3,221 shares of Skyworks Solutions stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $75.00, for a total value of $241,575.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
SWKS has been the topic of several research reports. Brean Capital reissued a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, June 15th. B. Riley cut Skyworks Solutions to a “buy” rating in a research report on Monday, June 13th. Drexel Hamilton reissued a “buy” rating on shares of Skyworks Solutions in a research report on Saturday, May 14th. Bank of America Corp. reissued a “buy” rating on shares of Skyworks Solutions in a research report on Saturday, May 14th. Finally, Vetr cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $74.14 target price on the stock. in a research report on Tuesday, June 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $84.69.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 4th were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, August 2nd. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.50%.
Skyworks Solutions Inc. (NASDAQ:SWKS) traded up 0.89% during trading on Wednesday, reaching $74.86. The company had a trading volume of 2,114,706 shares. Skyworks Solutions Inc. has a 52 week low of $54.50 and a 52 week high of $92.63. The firm has a market capitalization of $14.04 billion and a price-to-earnings ratio of 14.83. The company’s 50-day moving average is $68.90 and its 200 day moving average is $68.56.
Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.03. The business had revenue of $751.70 million for the quarter, compared to analyst estimates of $750.22 million. Equities analysts anticipate that Skyworks Solutions Inc. will post $5.53 EPS for the current year.
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.