Skyworks Solutions, Inc. (NASDAQ:SWKS) SVP Reza Kasnavi Sells 5,289 Shares

Skyworks Solutions, Inc. (NASDAQ:SWKS) SVP Reza Kasnavi sold 5,289 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $94.04, for a total transaction of $497,377.56. Following the completion of the transaction, the senior vice president now owns 19,078 shares in the company, valued at approximately $1,794,095.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Reza Kasnavi also recently made the following trade(s):

• On Monday, November 13th, Reza Kasnavi sold 3,873 shares of Skyworks Solutions stock. The shares were sold at an average price of $89.09, for a total value of $345,045.57.
• On Tuesday, August 29th, Reza Kasnavi sold 900 shares of Skyworks Solutions stock. The stock was sold at an average price of $105.38, for a total value of $94,842.00.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded up $1.21 during midday trading on Monday, reaching $94.74. 1,636,957 shares of the company’s stock were exchanged, compared to its average volume of 1,776,751. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $123.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.52 and a current ratio of 2.59. The firm has a market cap of $15.10 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 1.01 and a beta of 1.33. The stock’s 50-day simple moving average is $93.97 and its 200 day simple moving average is $102.29.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.68 per share. The ex-dividend date is Monday, November 20th. This represents a $2.72 annualized dividend and a yield of 2.87%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 44.37%.

Institutional Investors Weigh In On Skyworks Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. SouthState Corp bought a new stake in Skyworks Solutions during the first quarter valued at $26,000. True Wealth Design LLC acquired a new stake in shares of Skyworks Solutions in the 4th quarter worth about $26,000. Fortis Capital Advisors LLC bought a new stake in Skyworks Solutions in the 4th quarter worth about $27,000. Tyler Stone Wealth Management bought a new stake in Skyworks Solutions in the 2nd quarter worth about $29,000. Finally, Global Wealth Management Investment Advisory Inc. grew its position in shares of Skyworks Solutions by 98.1% during the 3rd 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 period. 81.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. TheStreet cut Skyworks Solutions from a “b-” rating to a “c+” rating in a research note on Thursday. Summit Insights lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. B. Riley upped their price objective on Skyworks Solutions from $93.00 to $102.00 in a report on Tuesday, August 8th. KeyCorp decreased their target price on Skyworks Solutions from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, November 3rd. Finally, Susquehanna reduced their price objective on Skyworks Solutions from $115.00 to $110.00 and set a “positive” rating on the stock in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.88.

Skyworks Solutions Company Profile

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, clocks and timings, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.