Liam Griffin Acquires 11,142 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock

Skyworks Solutions, Inc. (NASDAQ:SWKS) CEO Liam Griffin bought 11,142 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was bought at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now owns 104,153 shares in the company, valued at approximately $9,373,770. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $92.51 on Friday. The company has a market cap of $14.82 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 1.67 and a beta of 1.35. The firm’s fifty day moving average is $103.64 and its 200 day moving average is $101.82. The company has a quick ratio of 3.51, a current ratio of 2.79 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. Skyworks Solutions’s revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.33 earnings per share. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Monday, May 20th. Skyworks Solutions’s payout ratio is 51.13%.

Institutional Investors Weigh In On Skyworks Solutions

Hedge funds have recently bought and sold shares of the business. BNP Paribas bought a new position in Skyworks Solutions during the first quarter valued at $27,000. Global Wealth Management Investment Advisory Inc. increased its position in Skyworks Solutions by 98.1% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 155 shares during the last quarter. Access Investment Management LLC bought a new position in Skyworks Solutions during the first quarter valued at $31,000. Milestone Investment Advisors LLC bought a new position in Skyworks Solutions during the third quarter valued at $34,000. Finally, ST Germain D J Co. Inc. increased its position in Skyworks Solutions by 60.5% during the first quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock valued at $37,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SWKS. Stifel Nicolaus decreased their price objective on Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating on the stock in a research note on Wednesday. KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday. B. Riley upped their price target on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $108.86.

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.