Skyworks Solutions Inc (NASDAQ:SWKS) Director Timothy R. Furey sold 3,500 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $83.30, for a total transaction of $291,550.00. Following the completion of the transaction, the director now owns 20,824 shares in the company, valued at $1,734,639.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Skyworks Solutions stock traded down $1.03 during trading hours on Tuesday, reaching $80.95. 1,143,675 shares of the stock were exchanged, compared to its average volume of 2,000,109. The company has a market cap of $13.76 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 1.75 and a beta of 1.02. Skyworks Solutions Inc has a twelve month low of $60.12 and a twelve month high of $94.39. The stock has a 50 day moving average of $78.34 and a two-hundred day moving average of $79.74.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.14. Skyworks Solutions had a net margin of 26.10% and a return on equity of 26.60%. The company had revenue of $767.00 million for the quarter, compared to the consensus estimate of $767.71 million. During the same period last year, the company posted $1.64 EPS. The firm’s quarterly revenue was down 14.2% compared to the same quarter last year. On average, sell-side analysts predict that Skyworks Solutions Inc will post 5.72 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th will be paid a $0.44 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.38. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Monday, August 26th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 26.55%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Next Capital Management LLC boosted its stake in shares of Skyworks Solutions by 118.7% in the 2nd quarter. Next Capital Management LLC now owns 339 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 184 shares in the last quarter. Cribstone Capital Management LLC acquired a new stake in shares of Skyworks Solutions in the 2nd quarter valued at approximately $37,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of Skyworks Solutions in the 2nd quarter valued at approximately $37,000. Griffin Asset Management Inc. acquired a new stake in shares of Skyworks Solutions in the 2nd quarter valued at approximately $42,000. Finally, Accurate Investment Solutions Inc. boosted its stake in shares of Skyworks Solutions by 42.5% in the 2nd quarter. Accurate Investment Solutions Inc. now owns 580 shares of the semiconductor manufacturer’s stock valued at $45,000 after purchasing an additional 173 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

SWKS has been the topic of several research reports. Cowen restated a “market perform” rating and issued a $80.00 price target (down from $95.00) on shares of Skyworks Solutions in a research note on Wednesday, June 5th. Zacks Investment Research downgraded shares of Skyworks Solutions from a “hold” rating to a “sell” rating and set a $85.00 price target on the stock. in a research note on Wednesday, August 7th. BMO Capital Markets decreased their price target on shares of Skyworks Solutions from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Cascend Securities upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research note on Monday, June 10th. Finally, Barclays downgraded shares of Skyworks Solutions from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $75.00 to $80.00 in a research note on Thursday, July 18th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $86.40.

Skyworks Solutions Company Profile

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.

Featured Story: Earnings Reports

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

Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.