Skyworks Solutions, Inc. (NASDAQ:SWKS) CEO Purchases $1,002,780.00 in Stock

Skyworks Solutions, Inc. (NASDAQ:SWKS) CEO Liam Griffin acquired 11,142 shares of the stock in a transaction dated Thursday, May 2nd. The shares were bought at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the transaction, the chief executive officer now owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock traded down $0.58 during trading hours on Thursday, hitting $89.72. 4,017,009 shares of the company were exchanged, compared to its average volume of 2,409,302. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $115.69. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average of $103.94 and a 200-day moving average of $101.91. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 1.98 and a beta of 1.35.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, topping the consensus estimate of $1.95 by $0.02. Skyworks Solutions had a return on equity of 17.20% and a net margin of 18.85%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business earned $2.33 earnings per share. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. As a group, analysts expect that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Monday, May 20th. Skyworks Solutions’s payout ratio is 51.13%.

Analysts Set New Price Targets

A number of brokerages have recently commented on SWKS. KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. StockNews.com downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Mizuho lowered their price objective on Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday. Rosenblatt Securities lowered their price target on Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday. Finally, UBS Group lowered their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $108.86.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Skyworks Solutions by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 18,656,578 shares of the semiconductor manufacturer’s stock worth $2,097,372,000 after acquiring an additional 123,564 shares in the last quarter. Victory Capital Management Inc. raised its position in Skyworks Solutions by 3.4% in the third quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock worth $407,474,000 after acquiring an additional 136,188 shares in the last quarter. Invesco Ltd. grew its holdings in Skyworks Solutions by 11.8% in the third quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock valued at $299,245,000 after purchasing an additional 321,243 shares during the last quarter. FIL Ltd grew its holdings in Skyworks Solutions by 2.4% in the fourth quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock valued at $308,724,000 after purchasing an additional 64,389 shares during the last quarter. Finally, Pzena Investment Management LLC acquired a new stake in Skyworks Solutions in the fourth quarter valued at $302,309,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

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.