Skyworks Solutions, Inc. (SWKS) Files Form 4 Insider Selling : David J Aldrich Sells 15,000 Shares

Skyworks Solutions, Inc. (SWKS): David J Aldrich , Executive Chairman of Skyworks Solutions, Inc. sold 15,000 shares on Jul 5, 2016. The Insider selling transaction was reported by the company on Jul 7, 2016 to the Securities and Exchange Commission. The shares were sold at $59.70 per share for a total value of $891,839.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 30, 2016, David J Aldrich (Executive Chairman) sold 15,000 shares at $59.93 per share price.On May 18, 2016, Peter L Gammel (Chief Technology Officer) sold 22,015 shares at $63.85 per share price.Also, On Apr 15, 2016, Liam Griffin (President) sold 2,500 shares at $75.28 per share price.On Apr 8, 2016, Donald W Palette (EVP & CFO) sold 18,686 shares at $75.91 per share price.

Shares of Skyworks Solutions Inc (SWKS) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -3.78 points or -6.04% at $58.82 with 36,68,120 shares getting traded. Post opening the session at $60.67, the shares hit an intraday low of $58.08 and an intraday high of $60.74 and the price vacillated in this range throughout the day. The company has a market cap of $11,190 M and the number of outstanding shares has been calculated to be 19,02,38,140 shares. The 52-week high of Skyworks Solutions Inc is $106.5 and the 52-week low is $54.5.

Skyworks Solutions Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Skyworks Solutions Inc is Downgraded by Pacific Crest to Sector Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Jul 5, 2016.Skyworks Solutions Inc is Downgraded by Mizuho to Neutral and the brokerage firm has set the Price Target at $68. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 1, 2016.Skyworks Solutions Inc is Initiated by Morgan Stanley to Underweight. The Rating was issued on Jun 27, 2016.Skyworks Solutions Inc is Downgraded by Citigroup to Sell while Lowering the Price Target of the company shares to $ 65 from a previous price target of $69.50 . Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 9, 2016.Skyworks Solutions Inc is Initiated by Credit Agricole to Underperform. The Rating was issued on May 25, 2016.

Skyworks Solutions Inc. is engaged in the production of analog semiconductors. The Company 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 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. The Company’s products include Front-end Modules and Amplifiers Wireless Infrastructure Power Management Precision Analog Components WiFi Connectivity and Smart Energy.

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Skyworks Solutions Inc - Is it time to Sell?

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