Robert John Terry, Senior Vice President, General Counsel & Secretary at Skyworks Solutions, Inc. (NASDAQ:SWKS), recently sold shares worth approximately $1.09 million. The transactions occurred on November 11 and 12, 2024, with selling prices ranging between $86.82 and $88.39 per share. Following these transactions, Terry holds 14,045 shares directly. Additionally, he executed transactions related to restricted stock units, which converted into common stock, but these did not involve any financial exchange.
In other recent news, Skyworks Solutions has been a topic of interest for several analyst firms following its report of Q4 FY2024 earnings and revenue. The company reported revenues of $1.025 billion, earnings per share of $1.55, and a notable free cash flow of $393 million. Piper Sandler, Wolfe Research, Mizuho (NYSE:MFG), and Rosenblatt Securities have all revised their price targets for the company, reflecting the impact of market challenges on its projected performance.
Piper Sandler reduced its target from $95.00 to $85.00, maintaining a neutral rating due to near-term headwinds. Wolfe Research maintained its Peer Perform rating, citing Skyworks' loss of content in Apple (NASDAQ:AAPL)'s iPhone as a challenge. Mizuho cut its target to $105 from $127, still recommending the stock as Outperform. Rosenblatt Securities lowered its target to $120 from $130 but kept a Buy rating on the stock.
These adjustments come in light of Skyworks' Q4 FY2024 results and its guidance for Q1 FY2025, which anticipates revenue to range from $1.05 billion to $1.08 billion, with a gross margin of 46%-47%. Despite facing market challenges, Skyworks continues its strategic investments in AI, IoT, and Edge computing, and maintains partnerships with major players like Google (NASDAQ:GOOGL) and Samsung (KS:005930) in the Android market. These recent developments underscore the dynamic nature of the company's position within the market.
InvestingPro Insights
As Robert John Terry, Senior Vice President, General Counsel & Secretary at Skyworks Solutions, Inc. (NASDAQ:SWKS), executed a significant share sale, it's worth examining the company's current financial position and market performance.
According to InvestingPro data, Skyworks Solutions has a market capitalization of $13.24 billion, with a price-to-earnings ratio of 17.08. This valuation metric suggests that the company's stock is trading at a relatively moderate multiple compared to its earnings.
Notably, Skyworks Solutions boasts a dividend yield of 3.37%, which may be attractive to income-focused investors. An InvestingPro Tip highlights that the company has raised its dividend for 10 consecutive years, demonstrating a commitment to returning value to shareholders. This consistent dividend growth, coupled with the current yield, could provide a cushion for investors during periods of stock price volatility.
Another InvestingPro Tip indicates that Skyworks Solutions is trading near its 52-week low. This information, combined with the insider selling activity, might prompt investors to closely monitor the stock's performance and any potential catalysts for price movement.
For those seeking a more comprehensive analysis, InvestingPro offers additional tips and insights. In fact, there are 11 more InvestingPro Tips available for Skyworks Solutions, providing a deeper understanding of the company's financial health and market position.
The insider selling activity at Skyworks Solutions comes at a time when the company's stock has experienced a significant decline, with a year-to-date price total return of -24.58%. This performance metric, along with the insider transaction, may lead investors to scrutinize the company's future prospects and growth potential more closely.
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