Skyworks Solutions, Inc. (NASDAQ:SWKS) CTO Peter L. Gammel sold 7,305 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $96.50, for a total transaction of $704,932.50. Following the completion of the transaction, the chief technology officer now directly owns 16,285 shares in the company, valued at approximately $1,571,502.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Skyworks Solutions, Inc. (NASDAQ:SWKS) traded up $0.54 during trading hours on Friday, hitting $94.63. 3,903,442 shares of the company were exchanged, compared to its average volume of 2,366,337. The company has a market cap of $17,288.11, a PE ratio of 15.63, a PEG ratio of 0.93 and a beta of 0.84. Skyworks Solutions, Inc. has a 52 week low of $73.94 and a 52 week high of $117.65.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st were issued a $0.32 dividend. The ex-dividend date was Monday, November 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.35%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 23.66%.
Several equities analysts have commented on the stock. BidaskClub cut shares of Skyworks Solutions from a “hold” rating to a “sell” rating in a research report on Friday. Citigroup raised shares of Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 target price on the stock in a research report on Tuesday, September 5th. Vetr raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $113.85 target price on the stock in a research report on Monday, August 21st. Cowen set a $115.00 target price on shares of Skyworks Solutions and gave the stock a “hold” rating in a research report on Thursday. Finally, Bank of America lifted their target price on shares of Skyworks Solutions from $120.00 to $125.00 in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $116.56.
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Skyworks Solutions Company Profile
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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