Dubuque Bank & Trust Co. Invests $182,000 in Skyworks Solutions, Inc. (SWKS)

Dubuque Bank & Trust Co. bought a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,900 shares of the semiconductor manufacturer’s stock, valued at approximately $182,000.

A number of other large investors also recently bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its stake in Skyworks Solutions by 4.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,410 shares of the semiconductor manufacturer’s stock worth $479,000 after buying an additional 260 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Skyworks Solutions by 25.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,144,467 shares of the semiconductor manufacturer’s stock worth $85,447,000 after buying an additional 233,163 shares during the last quarter. USA Financial Portformulas Corp bought a new stake in Skyworks Solutions during the fourth quarter worth about $1,369,000. Teachers Advisors LLC boosted its stake in Skyworks Solutions by 24.7% in the fourth quarter. Teachers Advisors LLC now owns 464,483 shares of the semiconductor manufacturer’s stock worth $34,678,000 after buying an additional 92,102 shares during the last quarter. Finally, Kentucky Retirement Systems acquired a new position in shares of Skyworks Solutions during the fourth quarter worth approximately $1,007,000. Institutional investors own 81.26% of the company’s stock.

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) remained flat at $102.21 during mid-day trading on Friday. 1,139,401 shares of the company’s stock were exchanged. Skyworks Solutions, Inc. has a 1-year low of $65.76 and a 1-year high of $112.11. The firm’s 50-day moving average is $103.25 and its 200 day moving average is $100.57. The stock has a market capitalization of $18.78 billion, a PE ratio of 19.62 and a beta of 0.82.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.05. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The firm had revenue of $900.80 million for the quarter, compared to analyst estimates of $890.58 million. During the same quarter last year, the company earned $1.24 EPS. The company’s revenue was up 19.8% on a year-over-year basis. On average, analysts anticipate that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Friday, August 4th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s dividend payout ratio (DPR) is 24.57%.

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SWKS has been the topic of a number of research analyst reports. Vetr raised Skyworks Solutions from a “hold” rating to a “buy” rating and set a $113.68 price target on the stock in a report on Monday, June 12th. Craig Hallum raised their price target on Skyworks Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, April 28th. BidaskClub raised Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday. Argus began coverage on Skyworks Solutions in a report on Thursday, July 6th. They set a “buy” rating and a $120.00 target price on the stock. Finally, Zacks Investment Research lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $110.43.

In other news, Director Christine King sold 3,500 shares of Skyworks Solutions stock in a transaction on Monday, June 5th. The stock was 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Liam Griffin sold 8,056 shares of Skyworks Solutions stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $105.31, for a total value 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 company 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.

Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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