Sigma Investment Counselors Inc. decreased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,626 shares of the semiconductor manufacturer’s stock after selling 495 shares during the period. Sigma Investment Counselors Inc.’s holdings in Skyworks Solutions were worth $2,555,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Skyworks Solutions by 2.7% in the first quarter. Vanguard Group Inc. now owns 17,823,006 shares of the semiconductor manufacturer’s stock worth $1,746,298,000 after buying an additional 466,480 shares during the last quarter. BlackRock Inc. increased its position in Skyworks Solutions by 3,071.2% in the first quarter. BlackRock Inc. now owns 12,053,655 shares of the semiconductor manufacturer’s stock worth $1,181,019,000 after buying an additional 11,673,555 shares during the period. State Street Corp increased its position in Skyworks Solutions by 0.5% in the first quarter. State Street Corp now owns 7,739,120 shares of the semiconductor manufacturer’s stock worth $758,285,000 after buying an additional 38,898 shares during the period. Geode Capital Management LLC increased its position in Skyworks Solutions by 9.6% in the first quarter. Geode Capital Management LLC now owns 2,170,250 shares of the semiconductor manufacturer’s stock worth $212,388,000 after buying an additional 189,313 shares during the period. Finally, Winslow Capital Management LLC purchased a new position in Skyworks Solutions during the first quarter worth approximately $205,388,000. 81.19% of the stock is currently owned by institutional investors and hedge funds.
Skyworks Solutions, Inc. (NASDAQ SWKS) opened at 104.74 on Thursday. Skyworks Solutions, Inc. has a 12-month low of $65.76 and a 12-month high of $112.11. The stock has a market capitalization of $19.24 billion, a PE ratio of 20.10 and a beta of 0.82. The stock’s 50 day moving average is $102.63 and its 200 day moving average is $100.03.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.05. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The company had revenue of $900.80 million during the quarter, compared to the consensus estimate of $890.58 million. During the same quarter last year, the firm posted $1.24 EPS. The company’s quarterly revenue was up 19.8% on a year-over-year basis. Analysts forecast that Skyworks Solutions, Inc. will post $6.39 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, August 4th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s dividend payout ratio (DPR) is 24.57%.
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A number of equities analysts recently commented on SWKS shares. Vetr upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $113.68 price target for the company in a research note on Monday, June 12th. Craig Hallum lifted their price target on Skyworks Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. BidaskClub downgraded Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Argus started coverage on Skyworks Solutions in a research note on Thursday, July 6th. They issued a “buy” rating and a $120.00 price target for the company. Finally, B. Riley reiterated a “buy” rating and issued a $120.00 price target on shares of Skyworks Solutions in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $110.57.
In other news, insider Liam Griffin sold 8,056 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $105.31, for a total transaction of $848,377.36. Following the completion of the sale, the insider now owns 54,310 shares in the company, valued at approximately $5,719,386.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Christine King sold 3,500 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $108.84, for a total transaction of $380,940.00. Following the sale, the director now owns 16,436 shares of the company’s stock, valued at approximately $1,788,894.24. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.
Skyworks Solutions Company Profile
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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