Peter L. Gammel Sells 7,800 Shares of Skyworks Solutions, Inc. (SWKS) Stock

Skyworks Solutions, Inc. (NASDAQ:SWKS) insider Peter L. Gammel sold 7,800 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $100.60, for a total transaction of $784,680.00. Following the sale, the insider now owns 12,680 shares of the company’s stock, valued at $1,275,608. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Skyworks Solutions, Inc. (SWKS) traded down $3.09 on Friday, hitting $99.20. 3,309,007 shares of the stock traded hands, compared to its average volume of 2,300,000. Skyworks Solutions, Inc. has a 12 month low of $78.18 and a 12 month high of $117.65. The company has a market capitalization of $18,230.00, a PE ratio of 18.34, a PEG ratio of 1.02 and a beta of 0.83.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Monday, November 6th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.05. Skyworks Solutions had a net margin of 27.67% and a return on equity of 29.17%. research analysts predict that Skyworks Solutions, Inc. will post 6.69 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in SWKS. Voya Investment Management LLC increased its stake in Skyworks Solutions by 953.8% in the second quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock valued at $123,813,000 after acquiring an additional 1,167,942 shares during the last quarter. Koch Industries Inc. increased its stake in Skyworks Solutions by 11,046.5% in the second quarter. Koch Industries Inc. now owns 508,502 shares of the semiconductor manufacturer’s stock valued at $503,000 after acquiring an additional 503,940 shares during the last quarter. Vanguard Group Inc. increased its stake in Skyworks Solutions by 2.8% in the second quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock valued at $1,758,380,000 after acquiring an additional 502,995 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in Skyworks Solutions by 27.9% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,670,875 shares of the semiconductor manufacturer’s stock valued at $170,262,000 after acquiring an additional 364,933 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Skyworks Solutions by 129.6% in the second quarter. Parametric Portfolio Associates LLC now owns 543,016 shares of the semiconductor manufacturer’s stock valued at $52,102,000 after acquiring an additional 306,561 shares during the last quarter. 81.59% of the stock is currently owned by institutional investors and hedge funds.

SWKS has been the subject of several research reports. Zacks Investment Research upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Morgan Stanley raised their price objective on shares of Skyworks Solutions from $86.00 to $88.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 13th. Cowen raised their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 10th. Vetr downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $114.92 price objective for the company. in a research report on Monday, October 30th. Finally, Barclays raised their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $116.00.

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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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