Skyworks Solutions Inc (NASDAQ:SWKS) CTO Peter L. Gammel sold 1,881 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $93.53, for a total value of $175,929.93. Following the completion of the sale, the chief technology officer now owns 9,240 shares of the company’s stock, valued at approximately $864,217.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Peter L. Gammel also recently made the following trade(s):

  • On Wednesday, February 13th, Peter L. Gammel sold 1,915 shares of Skyworks Solutions stock. The shares were sold at an average price of $83.91, for a total value of $160,687.65.

SWKS opened at $90.00 on Friday. Skyworks Solutions Inc has a 12 month low of $60.12 and a 12 month high of $104.20. The company has a market capitalization of $15.57 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 1.37 and a beta of 0.68.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, February 5th. The semiconductor manufacturer reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.12. The company had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $974.70 million. Skyworks Solutions had a return on equity of 29.30% and a net margin of 29.91%. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period last year, the firm earned $2.00 EPS. Equities analysts anticipate that Skyworks Solutions Inc will post 6.01 earnings per share for the current year.

Skyworks Solutions announced that its board has authorized a stock repurchase program on Tuesday, February 5th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to repurchase up to 15.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

A number of research analysts recently commented on SWKS shares. B. Riley raised Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their price target for the company from $80.00 to $90.00 in a report on Monday, January 28th. CIBC reissued a “market perform” rating on shares of Skyworks Solutions in a report on Monday, January 7th. Goldman Sachs Group raised Skyworks Solutions from a “neutral” rating to a “buy” rating and set a $96.00 price target for the company in a report on Wednesday, February 6th. Canaccord Genuity reissued a “buy” rating and issued a $84.00 price target (down previously from $96.00) on shares of Skyworks Solutions in a report on Wednesday, January 9th. Finally, Craig Hallum reissued a “buy” rating and issued a $90.00 price target (down previously from $105.00) on shares of Skyworks Solutions in a report on Wednesday, January 9th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the stock. Skyworks Solutions has a consensus rating of “Hold” and an average target price of $92.99.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lindbrook Capital LLC acquired a new stake in shares of Skyworks Solutions in the fourth quarter worth $25,000. JOYN Advisors Inc. boosted its position in shares of Skyworks Solutions by 178.8% in the fourth quarter. JOYN Advisors Inc. now owns 368 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 236 shares during the period. AdvisorNet Financial Inc boosted its position in shares of Skyworks Solutions by 98.5% in the fourth quarter. AdvisorNet Financial Inc now owns 405 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 201 shares during the period. Doyle Wealth Management acquired a new stake in shares of Skyworks Solutions in the fourth quarter worth $30,000. Finally, First Hawaiian Bank boosted its position in shares of Skyworks Solutions by 251.9% in the fourth quarter. First Hawaiian Bank now owns 475 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 340 shares during the period. 82.55% of the stock is owned by institutional investors and hedge funds.

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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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