Moors & Cabot Inc. Sells 1,406 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Moors & Cabot Inc. cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 14.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,053 shares of the semiconductor manufacturer’s stock after selling 1,406 shares during the quarter. Moors & Cabot Inc.’s holdings in Skyworks Solutions were worth $858,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Quantbot Technologies LP raised its stake in Skyworks Solutions by 18.3% during the 2nd quarter. Quantbot Technologies LP now owns 26,266 shares of the semiconductor manufacturer’s stock valued at $2,799,000 after purchasing an additional 4,067 shares during the period. Dimensional Fund Advisors LP grew its holdings in Skyworks Solutions by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,998,480 shares of the semiconductor manufacturer’s stock valued at $212,993,000 after buying an additional 190,000 shares in the last quarter. Guardian Wealth Management Inc. raised its position in shares of Skyworks Solutions by 1.8% during the second quarter. Guardian Wealth Management Inc. now owns 10,057 shares of the semiconductor manufacturer’s stock valued at $1,072,000 after buying an additional 179 shares during the last quarter. Inspire Advisors LLC lifted its holdings in shares of Skyworks Solutions by 67.0% in the second quarter. Inspire Advisors LLC now owns 5,623 shares of the semiconductor manufacturer’s stock worth $599,000 after buying an additional 2,255 shares in the last quarter. Finally, Thoroughbred Financial Services LLC bought a new position in shares of Skyworks Solutions during the second quarter worth $230,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Skyworks Solutions

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

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $96.23 on Thursday. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $120.86. The company’s 50-day moving average is $107.52 and its 200 day moving average is $103.11. The firm has a market capitalization of $15.37 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 4.56 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results 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 analyst estimates of $900.41 million. During the same period last year, the company earned $1.50 EPS. Skyworks Solutions’s quarterly revenue was down 15.5% compared to the same quarter last year. Research analysts forecast that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.70 per share. This is a positive change 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 2.91%. The ex-dividend date of this dividend was Tuesday, August 20th. Skyworks Solutions’s payout ratio is currently 52.63%.

Analysts Set New Price Targets

A number of analysts have issued reports on SWKS shares. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a research report on Wednesday, July 31st. B. Riley raised Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their price target for the company from $96.00 to $130.00 in a research note on Thursday, June 20th. Susquehanna reaffirmed a “neutral” rating and issued a $125.00 price objective on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. increased their target price on Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $113.94.

Skyworks Solutions 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.