2,066 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Bought by Acadian Asset Management LLC

Acadian Asset Management LLC purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,066 shares of the semiconductor manufacturer’s stock, valued at approximately $219,000.

Other institutional investors have also bought and sold shares of the company. Duality Advisers LP purchased a new position in Skyworks Solutions in the first quarter worth $1,517,000. State of Tennessee Treasury Department lifted its position in shares of Skyworks Solutions by 152.8% during the 4th quarter. State of Tennessee Treasury Department now owns 118,960 shares of the semiconductor manufacturer’s stock valued at $13,373,000 after buying an additional 71,899 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in shares of Skyworks Solutions during the 4th quarter valued at $10,053,000. Brookstone Capital Management purchased a new position in shares of Skyworks Solutions during the 1st quarter valued at $262,000. Finally, FIL Ltd lifted its holdings in Skyworks Solutions by 2.4% during the 4th quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock worth $308,724,000 after purchasing an additional 64,389 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SWKS shares. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Robert W. Baird increased their price objective on Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Susquehanna reissued a “neutral” rating and set a $125.00 price objective on shares of Skyworks Solutions in a report on Wednesday, July 31st. Craig Hallum increased their price objective on Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Rosenblatt Securities increased their price objective on Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $114.18.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock opened at $97.76 on Friday. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $15.61 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 4.56 and a beta of 1.21. The business’s 50-day moving average price is $107.02 and its 200-day moving average price is $103.03. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $120.86.

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, meeting the consensus estimate of $1.21. The company had revenue of $905.50 million during the quarter, compared to analysts’ expectations of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. Skyworks Solutions’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.50 EPS. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 5.21 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

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

Insider Activity at Skyworks Solutions

In related news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total transaction of $49,720.00. Following the completion of the sale, the vice president now directly owns 9,564 shares in the company, valued at approximately $1,052,040. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $3,793,589.91. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Philip Matthew Carter sold 452 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the completion of the sale, the vice president now owns 9,564 shares of the company’s stock, valued at approximately $1,052,040. The disclosure for this sale can be found here. Insiders sold 12,068 shares of company stock worth $1,252,490 in the last ninety days. 0.34% of the stock is owned by company insiders.

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.