Kowal Investment Group LLC Cuts Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Kowal Investment Group LLC lowered its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,458 shares of the semiconductor manufacturer’s stock after selling 264 shares during the period. Kowal Investment Group LLC’s holdings in Skyworks Solutions were worth $369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SWKS. BNP Paribas bought a new stake in shares of Skyworks Solutions in the first quarter valued at $27,000. Rothschild Investment LLC bought a new stake in shares of Skyworks Solutions in the second quarter valued at $27,000. Innealta Capital LLC bought a new stake in shares of Skyworks Solutions in the second quarter valued at $27,000. Access Investment Management LLC bought a new stake in shares of Skyworks Solutions in the first quarter valued at $31,000. Finally, Blue Trust Inc. raised its stake in shares of Skyworks Solutions by 79.7% in the second 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. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. TD Cowen boosted their target price on Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a research note on Wednesday, July 31st. Craig Hallum boosted their price objective on Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, B. Riley upgraded Skyworks Solutions from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $96.00 to $130.00 in a research note on Thursday, June 20th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $114.18.

Insider Transactions at Skyworks Solutions

In other news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total transaction of $54,240.00. Following the completion of the sale, the vice president now directly owns 9,112 shares in the company, valued at approximately $1,093,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $107.47, for a total value of $198,067.21. Following the sale, the senior vice president now owns 17,455 shares of the company’s stock, valued at $1,875,888.85. The disclosure for this sale can be found here. In the last three months, insiders sold 12,068 shares of company stock worth $1,252,490. 0.34% of the stock is currently owned by corporate insiders.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $97.76 on Friday. The firm has a market capitalization of $15.69 billion, a P/E ratio of 18.38, 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. The stock’s 50-day simple moving average is $106.72 and its two-hundred day simple moving average is $103.00. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $120.86.

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

Skyworks Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were issued a $0.70 dividend. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio is presently 52.63%.

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.