Skyworks Solutions (NASDAQ:SWKS) Reaches New 1-Year Low on Insider Selling

Skyworks Solutions, Inc. (NASDAQ:SWKS) hit a new 52-week low during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $86.58 and last traded at $87.55, with a volume of 138839 shares trading hands. The stock had previously closed at $87.98.

Specifically, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the transaction, the senior vice president now owns 24,567 shares in the company, valued at approximately $2,214,960.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SWKS shares. Loop Capital began coverage on Skyworks Solutions in a report on Monday. They set a “hold” rating and a $90.00 price objective for the company. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday. Stifel Nicolaus upped their price target on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley dropped their price objective on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research note on Wednesday. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $101.59.

Skyworks Solutions Price Performance

The business’s 50-day simple moving average is $95.79 and its two-hundred day simple moving average is $100.49. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 3.95 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.73% and a net margin of 14.27%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business posted $1.95 EPS. Skyworks Solutions’s revenue for the quarter was down 15.9% on a year-over-year basis. Research analysts expect that Skyworks Solutions, Inc. will post 5.39 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.37%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Institutional Investors Weigh In On Skyworks Solutions

Several hedge funds have recently added to or reduced their stakes in SWKS. Blueshift Asset Management LLC bought a new position in shares of Skyworks Solutions during the third quarter valued at $209,000. Townsquare Capital LLC acquired a new stake in Skyworks Solutions in the third quarter valued at $202,000. Principal Street Partners LLC raised its position in Skyworks Solutions by 796.6% during the 3rd quarter. Principal Street Partners LLC now owns 52,773 shares of the semiconductor manufacturer’s stock worth $5,213,000 after purchasing an additional 46,887 shares during the last quarter. Brooklyn Investment Group acquired a new position in Skyworks Solutions during the 3rd quarter worth about $164,000. Finally, FMR LLC increased its stake in shares of Skyworks Solutions by 7.3% in the third quarter. FMR LLC now owns 2,691,637 shares of the semiconductor manufacturer’s stock valued at $265,853,000 after buying an additional 182,130 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

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.