David J. Aldrich Sells 5,000 Shares of Skyworks Solutions Inc (NASDAQ:SWKS) Stock

Skyworks Solutions Inc (NASDAQ:SWKS) Director David J. Aldrich sold 5,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $77.49, for a total value of $387,450.00. Following the completion of the transaction, the director now directly owns 208,032 shares in the company, valued at $16,120,399.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

SWKS traded down $0.10 on Friday, hitting $81.32. The company had a trading volume of 1,816,928 shares, compared to its average volume of 1,646,793. Skyworks Solutions Inc has a 12-month low of $60.12 and a 12-month high of $103.95. The company’s fifty day moving average is $75.67. The firm has a market cap of $14.04 billion, a P/E ratio of 12.27, a PEG ratio of 1.51 and a beta of 0.98.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, May 2nd. The semiconductor manufacturer reported $1.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.04. Skyworks Solutions had a net margin of 29.06% and a return on equity of 28.25%. The firm had revenue of $810.40 million during the quarter, compared to the consensus estimate of $809.52 million. During the same quarter in the previous year, the firm posted $1.64 earnings per share. The company’s revenue was down 11.3% on a year-over-year basis. As a group, equities research analysts expect that Skyworks Solutions Inc will post 5.68 EPS for the current fiscal year.

A number of equities analysts recently commented on the company. Craig Hallum cut Cypress Semiconductor from a “buy” rating to a “hold” rating in a report on Monday, June 3rd. UBS Group reaffirmed a “hold” rating on shares of Daimler in a report on Wednesday, May 22nd. BMO Capital Markets set a $66.00 target price on CyrusOne and gave the stock a “buy” rating in a report on Friday, May 3rd. ValuEngine raised China Southern Airlines from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Finally, Cowen set a $27.00 price target on Puma Biotechnology and gave the company a “hold” rating in a report on Wednesday, June 5th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $86.70.

Large investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in shares of Skyworks Solutions by 3.0% during the fourth quarter. BlackRock Inc. now owns 13,271,115 shares of the semiconductor manufacturer’s stock valued at $889,431,000 after buying an additional 385,052 shares during the last quarter. FMR LLC grew its holdings in shares of Skyworks Solutions by 63.8% during the first quarter. FMR LLC now owns 3,517,246 shares of the semiconductor manufacturer’s stock valued at $290,102,000 after buying an additional 1,370,337 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Skyworks Solutions by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 2,693,315 shares of the semiconductor manufacturer’s stock valued at $180,234,000 after buying an additional 242,983 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Skyworks Solutions by 6.1% during the fourth quarter. Northern Trust Corp now owns 2,441,004 shares of the semiconductor manufacturer’s stock valued at $163,596,000 after buying an additional 139,555 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Skyworks Solutions by 46.9% during the fourth quarter. Deutsche Bank AG now owns 1,875,809 shares of the semiconductor manufacturer’s stock valued at $125,710,000 after buying an additional 598,980 shares during the last quarter. 81.39% of the stock is owned by institutional investors.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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