Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ decreased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 321,378 shares of the semiconductor manufacturer’s stock after selling 7,674 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.20% of Skyworks Solutions worth $34,246,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SWKS. BNP Paribas acquired a new stake in shares of Skyworks Solutions in the 1st quarter worth approximately $27,000. Innealta Capital LLC bought a new stake in shares of Skyworks Solutions in the second quarter valued at about $27,000. Rothschild Investment LLC bought a new position in Skyworks Solutions during the second quarter worth about $27,000. Access Investment Management LLC bought a new stake in Skyworks Solutions during the first quarter worth about $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 worth $36,000 after acquiring an additional 149 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on SWKS shares. Rosenblatt Securities raised their price target on Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group raised shares of Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. B. Riley raised Skyworks Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $96.00 to $130.00 in a research note on Thursday, June 20th. JPMorgan Chase & Co. boosted their price objective on Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, Craig Hallum lifted their price target on shares of Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $113.94.

Skyworks Solutions Stock Up 3.4 %

Shares of NASDAQ:SWKS opened at $99.46 on Friday. 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 fifty-two week low of $85.06 and a fifty-two week high of $120.86. The company has a market cap of $15.89 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 4.56 and a beta of 1.21. The firm’s 50-day simple moving average is $107.23 and its 200-day simple moving average is $103.06.

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

Skyworks Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were issued a $0.70 dividend. 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 2.82%. The ex-dividend date was Tuesday, August 20th. Skyworks Solutions’s payout ratio is currently 52.63%.

Insiders Place Their Bets

In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the transaction, the senior vice president now 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 can be accessed through this link. In related news, SVP Carlos S. Bori sold 9,321 shares of the firm’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 transaction, 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 legal filing with the SEC, which is available through this hyperlink. Also, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $107.47, for a total value of $198,067.21. Following the transaction, the senior vice president now owns 17,455 shares in the company, valued at approximately $1,875,888.85. The disclosure for this sale can be found here. Insiders have sold 12,068 shares of company stock valued at $1,252,490 over the last quarter. Insiders own 0.34% of the company’s stock.

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.