Dimensional Fund Advisors LP Acquires 190,000 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Dimensional Fund Advisors LP grew its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,998,480 shares of the semiconductor manufacturer’s stock after acquiring an additional 190,000 shares during the period. Dimensional Fund Advisors LP owned 1.25% of Skyworks Solutions worth $212,993,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in Skyworks Solutions by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock valued at $2,101,619,000 after purchasing an additional 745,374 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Skyworks Solutions by 19.3% in the 2nd quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer’s stock valued at $435,943,000 after buying an additional 661,144 shares during the last quarter. FIL Ltd grew its stake in shares of Skyworks Solutions by 2.4% in the fourth quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock valued at $308,724,000 after buying an additional 64,389 shares in the last quarter. Norges Bank acquired a new position in Skyworks Solutions during the fourth quarter worth $226,266,000. Finally, Swedbank AB raised its position in Skyworks Solutions by 56.7% during the second quarter. Swedbank AB now owns 1,592,880 shares of the semiconductor manufacturer’s stock worth $169,769,000 after acquiring an additional 576,576 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Buying and Selling at Skyworks Solutions

In other news, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total value of $54,240.00. Following the sale, the vice president now directly owns 9,112 shares in the company, valued at approximately $1,093,440. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total value of $54,240.00. Following the completion of the transaction, the vice president now directly owns 9,112 shares in the company, valued at approximately $1,093,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $101.97, for a total value of $950,462.37. Following the sale, the senior vice president now directly owns 37,203 shares in the company, valued at approximately $3,793,589.91. The disclosure for this sale can be found here. Insiders have sold a total of 12,068 shares of company stock worth $1,252,490 over the last 90 days. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Price Performance

SWKS stock opened at $96.23 on Thursday. The company’s 50-day moving average price is $107.52 and its two-hundred day moving average price is $103.11. The firm has a market cap of $15.37 billion, a P/E ratio of 18.09, a P/E/G ratio of 4.56 and a beta of 1.21. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, meeting the consensus estimate of $1.21. The business had revenue of $905.50 million during the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The company’s revenue was down 15.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 earnings per share. On average, analysts anticipate that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were paid a $0.70 dividend. The ex-dividend date was Tuesday, August 20th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.91%. Skyworks Solutions’s dividend payout ratio (DPR) is 52.63%.

Analysts Set New Price Targets

A number of research analysts have recently commented on SWKS shares. Craig Hallum lifted their price objective on shares of Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a research note on Wednesday, July 31st. Stifel Nicolaus lifted their target price on Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Piper Sandler restated a “neutral” rating and issued a $115.00 price target (up previously from $95.00) on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Finally, Barclays lifted their price objective on shares of Skyworks Solutions from $85.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $113.94.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.