Shareholders (or prospective shareholders) of Skyworks Solutions, Inc. (NASDAQ:SWKS) will be pleased to learn that Liam Griffin, the company’s CEO, president, and chairman of the board, recently purchased a staggering US$1.0 million worth of stock at a price of US$90.00. Even though it was only a 7.8% increase in holding size, that is still a significant swing by our measure.
Skyworks Solutions’ Insider Transactions During the Past 12 Months
According to our records, Liam Griffin’s recent purchase of Skyworks Solutions shares was actually the largest insider purchase made in the previous 12 months. Given that the current price is approximately US$92.51, it is evident that an insider desired to purchase. Naturally, it’s possible that they have reconsidered.
However, this implies that they have optimism. While insider purchases are always welcome, it is important to note if they were made at a price significantly lower than the share price today, as the discount to value might have shrunk as the price increased. We are happy to inform that the insider in this transaction purchased shares at a price that was relatively close to the current market. In the previous 12 months, Liam Griffin was the only insider to purchase shares on his own.
Below is a visual representation of insider transactions (by companies and individuals) during the past 12 months. Just click on the graph below to find out exactly who sold, for what amount, and when!
Insiders have no trouble purchasing a large number of stocks daily. If that’s how you roll, you can look through this free list of companies or examine each stock individually. The hint is that insiders have been purchasing them.
How Much Insider Ownership Does Skyworks Solutions Have?
To get a sense of how well-aligned insiders are with common shareholders, you can look at the total amount of insider shares held by the company. Insiders are generally more likely to be motivated to develop the company over the long run the larger the insider ownership level. About US$51 million worth of shares are owned by insiders of Skyworks Solutions. It represents 0.4% of the business. Although not very notable, this degree of insider ownership is still good. There is no doubt that it indicates a respectable level of agreement.
What Does the Data About Skyworks Solutions Insiders Indicate, Then?
The latest insider acquisition is encouraging. We are also confident after looking at the transactions over the previous year. Given these transactions and their notable insider ownership of the company, insiders probably see value in Skyworks Solutions shares. The most important thing is, of course, the future. Thus, you ought to review this complimentary report on analyst expectations for Skyworks Solutions if you’re considering doing business with them.
If you would rather look into a different company, perhaps with better financials, don’t miss this list of intriguing free companies with a HIGH return on equity and minimal debt.