Dimensional Fund Advisors LP raised its stake in shares of Skyworks Solutions Inc. (NASDAQ:SWKS) by 12.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 791,069 shares of the semiconductor manufacturer’s stock after buying an additional 88,634 shares during the period. Dimensional Fund Advisors LP owned about 0.42% of Skyworks Solutions worth $50,052,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. raised its stake in Skyworks Solutions by 260.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the semiconductor manufacturer’s stock valued at $114,000 after buying an additional 1,300 shares during the last quarter. Synovus Financial Corp raised its stake in Skyworks Solutions by 16.0% in the second quarter. Synovus Financial Corp now owns 2,282 shares of the semiconductor manufacturer’s stock valued at $143,000 after buying an additional 315 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Skyworks Solutions during the first quarter valued at $182,000. Checchi Capital Advisers LLC raised its stake in Skyworks Solutions by 39.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,369 shares of the semiconductor manufacturer’s stock valued at $150,000 after buying an additional 673 shares during the last quarter. Finally, Parametric Risk Advisors LLC acquired a new stake in Skyworks Solutions during the first quarter valued at $192,000. Hedge funds and other institutional investors own 76.66% of the company’s stock.
Skyworks Solutions Inc. (NASDAQ:SWKS) opened at 81.09 on Monday. The firm has a market cap of $15.20 billion, a P/E ratio of 16.06 and a beta of 1.06. Skyworks Solutions Inc. has a 12-month low of $54.50 and a 12-month high of $88.52. The company has a 50-day moving average price of $74.30 and a 200-day moving average price of $69.57.
Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.03. Skyworks Solutions had a return on equity of 29.31% and a net margin of 29.32%. The firm had revenue of $751.70 million for the quarter, compared to analysts’ expectations of $750.22 million. On average, analysts predict that Skyworks Solutions Inc. will post $5.53 earnings per share for the current year.
Several analysts have weighed in on the stock. B. Riley reiterated a “buy” rating and set a $93.00 target price on shares of Skyworks Solutions in a research note on Monday, July 25th. Vetr lowered shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $70.16 price target for the company. in a research report on Monday, July 11th. BMO Capital Markets restated a “hold” rating and set a $65.00 price target on shares of Skyworks Solutions in a research report on Friday, July 22nd. Pacific Crest restated an “equal weight” rating and set a $70.00 price target on shares of Skyworks Solutions in a research report on Monday, July 25th. Finally, Zacks Investment Research upgraded shares of Skyworks Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $82.91.
In other Skyworks Solutions news, VP Laura A. Gasparini sold 2,650 shares of the firm’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $74.84, for a total transaction of $198,326.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Mark V. B. Tremallo sold 17,100 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $76.40, for a total value of $1,306,440.00. Following the transaction, the vice president now owns 14,998 shares in the company, valued at approximately $1,145,847.20. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.
About Skyworks Solutions
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.
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