Philip G. Brace Acquires 10,000 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock

Skyworks Solutions, Inc. (NASDAQ:SWKS) CEO Philip G. Brace purchased 10,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Skyworks Solutions Stock Down 4.0 %

Shares of NASDAQ SWKS traded down $2.66 during trading on Thursday, reaching $64.12. 3,451,928 shares of the stock were exchanged, compared to its average volume of 3,354,580. The company has a market capitalization of $10.31 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. The business’s 50-day moving average price is $83.07 and its 200 day moving average price is $91.21. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a twelve month low of $62.01 and a twelve month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. As a group, equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a yield of 4.37%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Bank of America decreased their price target on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, February 6th. Rosenblatt Securities restated a “neutral” rating and issued a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Barclays dropped their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. decreased their price target on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Finally, Susquehanna dropped their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $83.78.

Hedge Funds Weigh In On Skyworks Solutions

A number of institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC boosted its stake in Skyworks Solutions by 15.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,582 shares of the semiconductor manufacturer’s stock valued at $255,000 after acquiring an additional 338 shares during the last quarter. International Assets Investment Management LLC grew its stake in Skyworks Solutions by 6,598.9% in the third quarter. International Assets Investment Management LLC now owns 195,274 shares of the semiconductor manufacturer’s stock worth $19,287,000 after purchasing an additional 192,359 shares in the last quarter. Forsta AP Fonden increased its holdings in Skyworks Solutions by 27.0% in the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer’s stock valued at $3,674,000 after buying an additional 7,900 shares during the last quarter. US Bancorp DE raised its stake in Skyworks Solutions by 3.7% during the third quarter. US Bancorp DE now owns 48,302 shares of the semiconductor manufacturer’s stock valued at $4,771,000 after buying an additional 1,705 shares in the last quarter. Finally, F M Investments LLC bought a new position in Skyworks Solutions during the 3rd quarter worth approximately $200,000. 85.43% of the stock is owned by institutional investors and hedge funds.

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.