Tredje AP fonden Lowers Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Tredje AP fonden lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 76.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,843 shares of the semiconductor manufacturer’s stock after selling 80,393 shares during the quarter. Tredje AP fonden’s holdings in Skyworks Solutions were worth $2,648,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas purchased a new position in Skyworks Solutions during the first quarter worth about $27,000. Innealta Capital LLC acquired a new position in Skyworks Solutions during the 2nd quarter worth approximately $27,000. Rothschild Investment LLC acquired a new position in Skyworks Solutions during the 2nd quarter worth approximately $27,000. Access Investment Management LLC purchased a new position in shares of Skyworks Solutions during the 1st quarter worth approximately $31,000. Finally, Blue Trust Inc. lifted its holdings in shares of Skyworks Solutions by 79.7% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after buying an additional 149 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $99.46 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75. The firm has a market capitalization of $15.89 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 4.56 and a beta of 1.21. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $120.86. The company has a 50 day moving average price of $107.23 and a 200 day moving average price of $103.06.

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

Skyworks Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Tuesday, August 20th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio is 52.63%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. B. Riley raised Skyworks Solutions from a “neutral” rating to a “buy” rating and raised their target price for the company from $96.00 to $130.00 in a report on Thursday, June 20th. Robert W. Baird boosted their price objective on shares of Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Barclays upped their target price 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. Craig Hallum lifted their price target 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. Finally, The Goldman Sachs Group raised Skyworks Solutions to a “hold” rating in a research note on Wednesday, July 31st. Two research 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. According to data from MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and an average target price of $113.94.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the sale, the senior vice president now directly owns 37,203 shares in the company, valued at $3,793,589.91. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Carlos S. Bori sold 9,321 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the sale, the senior vice president now owns 37,203 shares of the company’s stock, valued at $3,793,589.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the transaction, the senior vice president now owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,068 shares of company stock worth $1,252,490. Company insiders own 0.34% of the company’s stock.

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.