Insider Move to Note: Timothy Furey, Skyworks Solutions Inc (NASDAQ:SWKS)’s insider Sold 7,500 Shares

November 26, 2016 - By Hazel Jackson

Insider Move to Note: Timothy Furey, Skyworks Solutions Inc (NASDAQ:SWKS)'s insider Sold 7,500 Shares

Timothy Furey Insider Sell

Timothy Furey who is the present director of Skyworks Solutions Inc not a long ago unloaded 7,500 shares of the ‘s company. The substantial insider sale has $590,025 USD total value, at an average share price of $78.7. In the last month, he also sold 15,000 shares with a market value $1,155,300 USD. Presently, he has rights to a total of 19,947 shares or 0.01% of the Company’s market cap.

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 21.32% above today’s ($77) stock price. Skyworks Solutions Inc. has been the topic of 55 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, October 1 by Citigroup. The firm has “Buy” rating given on Friday, November 4 by Craig Hallum. As per Friday, July 24, the company rating was maintained by Craig Hallum. The stock of Skyworks Solutions Inc (NASDAQ:SWKS) has “Buy” rating given on Friday, July 24 by Topeka Capital Markets. Brean Capital maintained it with “Buy” rating and $120 target price in Friday, July 24 report. Citigroup upgraded the stock to “Buy” rating in Thursday, June 9 report. Craig Hallum maintained Skyworks Solutions Inc (NASDAQ:SWKS) on Thursday, January 14 with “Buy” rating. The firm has “Buy” rating by Needham given on Tuesday, January 19. The stock of Skyworks Solutions Inc (NASDAQ:SWKS) has “Strong Buy” rating given on Wednesday, September 23 by Charter Equity. The rating was maintained by Craig Hallum on Friday, April 29 with “Buy”.

Insitutional Activity: The institutional sentiment increased to 0.99 in Q2 2016. Its up 0.33, from 0.66 in 2016Q1. The ratio increased, 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.

Kbc Group Nv accumulated 18,779 shares or 0.02% of the stock. Manufacturers Life Commerce The owns 221,513 shares or 0.02% of their US portfolio. Advsr Capital Management Limited Liability Corporation holds 52,154 shares or 0.34% of its portfolio. Retirement Of Alabama accumulated 96,984 shares or 0.04% of the stock. Com Bank & Trust owns 5,494 shares or 0.01% of their US portfolio. Teacher Retirement Sys Of Texas holds 0.09% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS) for 210,599 shares. Emerald Advisers Incorporated Pa has invested 0.16% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS). Delphi Ma has invested 1.15% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS). Boothbay Fund Management last reported 0.19% of its portfolio in the stock. Blackrock Institutional Tru Comm Na, a California-based fund reported 4.85M shares. Concert Wealth Mgmt Inc has 10,539 shares for 0.09% of their US portfolio. Kayne Anderson Rudnick Invest Mngmt Limited Liability Company has invested 0.2% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS). Ranger Mgmt Limited Partnership last reported 0.02% of its portfolio in the stock. Wfg Advsr Lp, a Texas-based fund reported 1,153 shares. The California-based Pillar Pacific Capital Management Lc has invested 0.07% in Skyworks Solutions Inc (NASDAQ:SWKS).

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 15 sales for $13.15 million net activity. $581,853 worth of Skyworks Solutions Inc (NASDAQ:SWKS) shares were sold by Tremallo Mark V B. FREYMAN BRUCE J sold 17,867 shares worth $1.41M. 2,650 shares with value of $198,326 were sold by GASPARINI LAURA A on Friday, September 2. 1,500 Skyworks Solutions Inc (NASDAQ:SWKS) shares with value of $111,966 were sold by GAMMEL PETER L. 5,000 shares were sold by FUREY TIMOTHY R, worth $374,350. Shares for $903,180 were sold by ALDRICH DAVID J on Tuesday, June 28.

About 1.17 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 $14.25 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 14.88 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 EPS, 0.00% or $0.00 from last year’s $1.48 per share. SWKS’s profit will be $273.90 million for 13.01 P/E if the $1.48 EPS becomes a reality. After $1.37 actual EPS 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: Streetinsider.com which released: “Form 4 SKYWORKS SOLUTIONS, INC. For: Nov 22 Filed by: GRIFFIN LIAM” on November 25, 2016. Also Nasdaq.com published the news titled: “Skyworks Solutions, Inc. (SWKS) Ex-Dividend Date Scheduled for November 15, 2016” on November 14, 2016. Seekingalpha.com‘s news article titled: “Skyworks Solutions Steering Away From Reliance On Apple” with publication date: November 18, 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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