Insider Move From SEC: The Insider and EVP – Worldwide Operations of Skyworks Solutions Inc (NASDAQ:SWKS), Bruce Freyman, Unloaded 17,867 Shares

November 24, 2016 - By Clifton Ray

Insider Move From SEC: The Insider and EVP   Worldwide Operations of Skyworks Solutions Inc (NASDAQ:SWKS), Bruce Freyman, Unloaded 17,867 Shares

Bruce Freyman Insider Sell

Skyworks Solutions Inc EVP – Worldwide Operations Bruce Freyman on the November 23, 2016 unloaded a total of 17,867 shares of the firm worth total $1,405,150 U.S. Dollars. This is at an average price-per-share of $78.6 U.S. Dollars. This is not his first insider trade, in the last month, he unloaded another 9,000 shares worth $668,949 USD. Currently, Bruce Freyman has ownership of 24,467 shares or 0.01% of the Company’s market capitalization (total value of the shares outstanding).

Skyworks Solutions Inc (NASDAQ:SWKS) Ratings Coverage

Out of 26 analysts covering Skyworks Solutions Inc. (NASDAQ:SWKS), 22 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 85% are positive. $132 is the highest target while $61 is the lowest. The $93.42 average target is 19.30% above today’s ($78.31) stock price. Skyworks Solutions Inc. has been the topic of 55 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, January 14 by Craig Hallum. The rating was maintained by Mizuho with “Buy” on Friday, July 24. The firm has “Buy” rating given on Friday, November 4 by Craig Hallum. The stock has “Buy” rating given by Ascendiant Capital Markets on Friday, July 24. The rating was initiated by Chardan Capital Markets on Thursday, December 17 with “Buy”. The firm has “Buy” rating by Cowen & Co given on Friday, November 4. On Wednesday, September 23 the stock rating was upgraded by Charter Equity to “Strong Buy”. Morgan Stanley initiated the stock with “Underweight” rating in Monday, June 27 report. The stock has “Buy” rating given by Craig Hallum on Friday, April 29. On Tuesday, April 19 the stock rating was downgraded by Raymond James to “Outperform”.

Insitutional Activity: The institutional sentiment increased to 0.99 in Q2 2016. Its up 0.33, from 0.66 in 2016Q1. The ratio is positive, as 97 funds sold all Skyworks Solutions Inc shares owned while 239 reduced positions. 47 funds bought stakes while 174 increased positions. They now own 141.77 million shares or 4.99% less from 149.22 million shares in 2016Q1.

Parametric Risk Limited reported 43,602 shares or 0.16% of all its holdings. Eaton Vance Mngmt reported 29,256 shares or 0.01% of all its holdings. Bryn Mawr Trust holds 51,754 shares or 0.21% of its portfolio. M&T Bankshares holds 32,066 shares or 0.01% of its portfolio. Aviva Public Limited Liability Com has 112,752 shares for 0.05% of their US portfolio. Goodman Corp holds 65,726 shares or 2.48% of its portfolio. Apriem Advisors has invested 0.08% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS). Korea Invest holds 0.01% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS) for 24,200 shares. Moreover, Blackrock Incorporated has 0.03% invested in Skyworks Solutions Inc (NASDAQ:SWKS) for 352,955 shares. Janus Cap Management Limited Liability Com holds 95,550 shares or 0.01% of its portfolio. Soros Fund Mgmt Limited Liability Com has invested 0.02% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS). Daiwa Secs Grp accumulated 0% or 4,600 shares. Trexquant Investment Ltd Partnership owns 27,300 shares or 0.23% of their US portfolio. Dnb Asset Mngmt As holds 0% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS) for 15,900 shares. Van Eck Assoc Corporation has 0.06% invested in the company for 171,018 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 14 selling transactions for $11.74 million net activity. ALDRICH DAVID J also sold $972,450 worth of Skyworks Solutions Inc (NASDAQ:SWKS) on Tuesday, June 14. GAMMEL PETER L sold $111,966 worth of stock or 1,500 shares. Tremallo Mark V B also sold $1.31M worth of Skyworks Solutions Inc (NASDAQ:SWKS) shares. 7,500 Skyworks Solutions Inc (NASDAQ:SWKS) shares with value of $583,575 were sold by FUREY TIMOTHY R. The insider GASPARINI LAURA A sold 2,650 shares worth $198,326. Another trade for 9,000 shares valued at $668,949 was made by FREYMAN BRUCE J on Monday, November 14.

The stock decreased 1.32% or $1.05 during the last trading session, hitting $78.31. About 1.59 million shares traded hands. Skyworks Solutions Inc (NASDAQ:SWKS) has risen 9.52% since April 22, 2016 and is uptrending. It has outperformed by 4.12% the S&P500.

Skyworks Solutions Inc. is engaged in the production of analog semiconductors. The company has a market cap of $14.76 billion. The Firm supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System , industrial, medical, military, wireless networking, smartphone and tablet applications. It has a 15.14 P/E ratio. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.

According to Zacks Investment Research, “Skyworks Solutions, Inc. is the industry’s leading wireless semiconductor company focused on radio frequency (RF) and complete semiconductor system solutions for mobile communications applications.”

Analysts await Skyworks Solutions Inc (NASDAQ:SWKS) to report earnings on January, 26. They expect $1.48 earnings per share, 0.00% or $0.00 from last year’s $1.48 per share. SWKS’s profit will be $278.95 million for 13.23 P/E if the $1.48 EPS becomes a reality. After $1.37 actual earnings per share reported by Skyworks Solutions Inc for the previous quarter, Wall Street now forecasts 8.03% EPS growth.

More recent Skyworks Solutions Inc (NASDAQ:SWKS) news were published by: Seekingalpha.com which released: “Skyworks Solutions Steering Away From Reliance On Apple” on November 18, 2016. Also Nasdaq.com published the news titled: “Skyworks Solutions, Inc. (SWKS) Ex-Dividend Date Scheduled for November 15, 2016” on November 14, 2016. Nasdaq.com‘s news article titled: “How To YieldBoost Skyworks Solutions From 1.4% To 10.2% Using Options” with publication date: November 22, 2016 was also an interesting one.

SWKS Company Profile

Skyworks Solutions Inc., incorporated on June 10, 2002, is engaged in the production of analog semiconductors. The Firm supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure RF subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.

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