Significant Insider Change: Skyworks Solutions Inc (NASDAQ:SWKS)’s Insider Liam Griffin Sells 27,500 Shares of the Company

November 26, 2016 - By Richard Conner

Significant Insider Change: Skyworks Solutions Inc (NASDAQ:SWKS)'s Insider Liam Griffin Sells 27,500 Shares of the Company

Liam Griffin Insider Sell

Mr. Liam Griffin, the important President and CEO at Skyworks Solutions Inc has lately been involved with a transaction of 27,500 shares of the Pinksheet-listed company, valued at $80.0 per share. The deal value was of $2,200,000 U.S. Dollars. Dated November 25, 2016 the trade document is freely available here. The regulatory filing shows that Liam Griffin now owns around 0.04% of the Massachusetts-based company’s market capitalization

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. CLSA initiated Skyworks Solutions Inc (NASDAQ:SWKS) on Tuesday, September 1 with “Outperform” rating. The stock of Skyworks Solutions Inc (NASDAQ:SWKS) has “Hold” rating given on Thursday, September 17 by Zacks. Drexel Hamilton initiated Skyworks Solutions Inc (NASDAQ:SWKS) on Tuesday, October 20 with “Buy” rating. The stock has “Buy” rating given by Craig Hallum on Friday, January 29. The stock of Skyworks Solutions Inc (NASDAQ:SWKS) earned “Neutral” rating by Mizuho on Friday, July 1. The company was maintained on Friday, July 24 by Ascendiant Capital Markets. Craig Hallum maintained the stock with “Buy” rating in Friday, July 24 report. The stock of Skyworks Solutions Inc (NASDAQ:SWKS) has “Buy” rating given on Thursday, January 14 by Craig Hallum. The firm has “Buy” rating by Needham given on Tuesday, January 19. Topeka Capital Markets maintained Skyworks Solutions Inc (NASDAQ:SWKS) rating on Tuesday, October 6. Topeka Capital Markets has “Buy” rating and $100 price target.

Insitutional Activity: The institutional sentiment increased to 0.99 in 2016 Q2. 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.

America First Advsrs Ltd Liability reported 440 shares or 0.01% of all its holdings. Nuveen Asset Management Limited Liability Company has 11,899 shares for 0% of their US portfolio. Moreover, Maryland Capital has 1.66% invested in Skyworks Solutions Inc (NASDAQ:SWKS) for 166,658 shares. Parkside Commercial Bank Trust last reported 0.03% of its portfolio in the stock. The Oregon-based Vision Mgmt has invested 0.97% in Skyworks Solutions Inc (NASDAQ:SWKS). Ibm Retirement Fund holds 22,498 shares or 0.05% of its portfolio. Eaton Vance Management last reported 29,256 shares in the company. Laurion Capital Management Lp holds 0.02% or 16,100 shares in its portfolio. New Century Inv Mgmt has invested 1.11% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS). Mutual Of America Capital Ltd Company has invested 0.04% of its portfolio in Skyworks Solutions Inc (NASDAQ:SWKS). The New York-based Bancorp Of Ny Mellon Corp has invested 0.05% in Skyworks Solutions Inc (NASDAQ:SWKS). Fiduciary holds 77,591 shares or 0.17% of its portfolio. Next Century Growth Limited Co last reported 258 shares in the company. Lba Wealth Management Limited Liability Company accumulated 0% or 60 shares. Glob X Mgmt Co Limited Liability Corp, a New York-based fund reported 827 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 15 insider sales for $13.15 million net activity. FUREY TIMOTHY R also sold $583,575 worth of Skyworks Solutions Inc (NASDAQ:SWKS) on Wednesday, November 9. 1,500 shares were sold by GAMMEL PETER L, worth $111,966. Shares for $2.90 million were sold by FREYMAN BRUCE J on Monday, October 10. On Tuesday, September 20 the insider Tremallo Mark V B sold $581,853. ALDRICH DAVID J also sold $972,450 worth of Skyworks Solutions Inc (NASDAQ:SWKS) on Tuesday, June 14. $198,326 worth of shares were sold by GASPARINI LAURA A on Friday, September 2.

About 1.17M 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 $273.90M 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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