Skyworks Solutions, Inc. (SWKS) CTO Peter L. Gammel Sells 7,305 Shares

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 large investors have recently bought and sold shares of SWKS. Voya Investment Management LLC raised its holdings in shares of Skyworks Solutions by 953.8% in the 2nd quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock worth $123,813,000 after purchasing an additional 1,167,942 shares during the period. Old Mutual Global Investors UK Ltd. grew its stake in Skyworks Solutions by 587.3% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 1,305,942 shares of the semiconductor manufacturer’s stock valued at $125,305,000 after buying an additional 1,115,938 shares in the last quarter. Koch Industries Inc. grew its stake in Skyworks Solutions by 11,046.5% in the 2nd quarter. Koch Industries Inc. now owns 508,502 shares of the semiconductor manufacturer’s stock valued at $503,000 after buying an additional 503,940 shares in the last quarter. Vanguard Group Inc. grew its stake in Skyworks Solutions by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock valued at $1,758,380,000 after buying an additional 502,995 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in Skyworks Solutions by 129.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 543,016 shares of the semiconductor manufacturer’s stock valued at $52,102,000 after buying an additional 306,561 shares in the last quarter. 81.94% of the stock is currently owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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