YHB Investment Advisors Inc. reduced its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,250 shares of the semiconductor manufacturer’s stock after selling 220 shares during the period. YHB Investment Advisors Inc.’s holdings in Skyworks Solutions were worth $408,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised 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. Winslow Capital Management LLC purchased a new position in shares of Skyworks Solutions during the first quarter worth approximately $205,388,000. Boston Partners purchased a new position in shares of Skyworks Solutions during the first quarter worth approximately $82,702,000. AQR Capital Management LLC raised its position in shares of Skyworks Solutions by 138.9% in the first quarter. AQR Capital Management LLC now owns 1,406,274 shares of the semiconductor manufacturer’s stock worth $137,787,000 after buying an additional 817,721 shares during the last quarter. Finally, Vanguard Group Inc. raised its position 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. 81.19% of the stock is owned by hedge funds and other institutional investors.
Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) traded up 1.56% during trading on Friday, hitting $103.18. The company had a trading volume of 1,051,178 shares. Skyworks Solutions, Inc. has a 52-week low of $65.76 and a 52-week high of $112.11. The firm has a market capitalization of $18.96 billion, a P/E ratio of 19.80 and a beta of 0.82. The stock’s 50-day moving average is $102.58 and its 200 day moving average is $100.13.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.05. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The business had revenue of $900.80 million for the quarter, compared to analyst estimates of $890.58 million. During the same quarter in the previous year, the business earned $1.24 earnings per share. The firm’s revenue was up 19.8% compared to the same quarter last year. Equities research analysts predict that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.24%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s payout ratio is currently 24.57%.
SWKS has been the subject of several analyst reports. Vetr lowered Skyworks Solutions from a “buy” rating to a “hold” rating and set a $110.24 price objective for the company. in a research note on Wednesday, June 7th. Mizuho raised their price objective on Skyworks Solutions from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Craig Hallum increased their price target on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Cowen and Company reiterated a “market perform” rating and issued a $110.00 price target on shares of Skyworks Solutions in a report on Friday, July 21st. Finally, Barclays PLC restated an “overweight” rating on shares of Skyworks Solutions in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Skyworks Solutions has an average rating of “Buy” and an average price target of $110.57.
In other Skyworks Solutions news, Director Christine King sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $108.84, for a total value of $380,940.00. Following the transaction, the director now owns 16,436 shares in the company, valued at approximately $1,788,894.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Liam Griffin sold 8,056 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 54,310 shares in the company, valued at approximately $5,719,386.10. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.
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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