Sen. John Boozman Sells Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock

Senator John Boozman (R-Arkansas) recently sold shares of Skyworks Solutions, Inc. (NASDAQ:SWKS). In a filing disclosed on December 17th, the Senator disclosed that they had sold between $1,001 and $15,000 in Skyworks Solutions stock on November 20th.

Senator John Boozman also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of JPMorgan BetaBuilders Europe ETF (BATS:BBEU) on 11/20/2024.
• Sold $1,001 – $15,000 in shares of Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of iShares MSCI All Country Asia ex Japan ETF (NASDAQ:AAXJ) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) on 11/13/2024.
• Sold $1,001 – $15,000 in shares of iShares Russell 2000 ETF (NYSEARCA:IWM) on 10/9/2024.
• Sold $1,001 – $15,000 in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) on 10/6/2024.
• Sold $1,001 – $15,000 in shares of Fiserv (NYSE:FI) on 9/26/2024.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $90.74 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. The firm has a market capitalization of $14.51 billion, a P/E ratio of 24.52, a P/E/G ratio of 2.01 and a beta of 1.19. The business’s 50-day simple moving average is $90.39 and its 200-day simple moving average is $99.45. Skyworks Solutions, Inc. has a 1-year low of $82.13 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company posted $1.95 EPS. Skyworks Solutions’s revenue for the quarter was down 15.9% on a year-over-year basis. Equities analysts predict that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio is currently 75.68%.

Hedge Funds Weigh In On Skyworks Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rothschild Investment LLC acquired a new position in Skyworks Solutions during the 2nd quarter worth $27,000. Innealta Capital LLC bought a new position in Skyworks Solutions in the 2nd quarter valued at about $27,000. Erste Asset Management GmbH acquired a new position in Skyworks Solutions during the 3rd quarter valued at about $27,000. Blue Trust Inc. raised its position in shares of Skyworks Solutions by 79.7% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 149 shares in the last quarter. Finally, Investors Research Corp lifted its stake in shares of Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 213 shares during the period. 85.43% of the stock is owned by institutional investors.

Insider Transactions at Skyworks Solutions

In related news, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the transaction, the senior vice president now owns 15,960 shares of the company’s stock, valued at approximately $1,404,639.60. This trade represents a 39.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the sale, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This represents a 27.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,520 shares of company stock valued at $2,083,803. Company insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

SWKS has been the topic of a number of research analyst reports. Mizuho reduced their price objective on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Craig Hallum reduced their price target on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Barclays lowered their price objective on Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating for the company in a report on Wednesday, November 13th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Finally, Piper Sandler decreased their target price on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $101.00.

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas’ U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman’s academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

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.