Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Verity & Verity LLC

Verity & Verity LLC lifted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,188 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,220 shares during the quarter. Verity & Verity LLC’s holdings in Skyworks Solutions were worth $8,227,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Vulcan Value Partners LLC boosted its holdings in Skyworks Solutions by 38.8% during the second quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock worth $481,552,000 after buying an additional 1,262,964 shares in the last quarter. Pacer Advisors Inc. increased its stake in Skyworks Solutions by 54.9% in the 2nd quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock worth $370,768,000 after purchasing an additional 1,233,618 shares in the last quarter. Swedbank AB purchased a new stake in Skyworks Solutions during the first quarter valued at about $110,086,000. Vanguard Group Inc. raised its holdings in shares of Skyworks Solutions by 4.0% during 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 acquiring an additional 745,374 shares during the period. Finally, Pzena Investment Management LLC lifted its position in shares of Skyworks Solutions by 27.5% in the 1st quarter. Pzena Investment Management LLC now owns 3,429,148 shares of the semiconductor manufacturer’s stock valued at $371,445,000 after acquiring an additional 740,048 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Insider Transactions at Skyworks Solutions

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

Skyworks Solutions Stock Down 3.4 %

NASDAQ SWKS opened at $95.43 on Wednesday. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $120.86. The stock has a market cap of $15.31 billion, a PE ratio of 17.94, a PEG ratio of 4.64 and a beta of 1.21. The firm has a 50-day simple moving average of $104.05 and a 200 day simple moving average of $102.56. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75.

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

Skyworks Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were paid a $0.70 dividend. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, August 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.93%. Skyworks Solutions’s dividend payout ratio is currently 52.63%.

Analyst Upgrades and Downgrades

SWKS has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Piper Sandler restated a “neutral” rating and set a $115.00 price target (up from $95.00) on shares of Skyworks Solutions in a report on Wednesday, July 31st. Rosenblatt Securities upped their price target on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird raised their price objective on shares of Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Barclays raised their price target on shares of Skyworks Solutions from $85.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $114.18.

Skyworks Solutions Company Profile

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.