Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lessened its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 80.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 717,541 shares of the semiconductor manufacturer’s stock after selling 2,894,395 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.45% of Skyworks Solutions worth $76,476,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SWKS. Ensign Peak Advisors Inc increased its stake in shares of Skyworks Solutions by 1.5% in the 2nd quarter. Ensign Peak Advisors Inc now owns 67,411 shares of the semiconductor manufacturer’s stock valued at $7,185,000 after purchasing an additional 1,000 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Skyworks Solutions by 54.9% in the second quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock valued at $370,768,000 after buying an additional 1,233,618 shares in the last quarter. AE Wealth Management LLC acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth approximately $324,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Skyworks Solutions by 5.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 19,925 shares of the semiconductor manufacturer’s stock valued at $2,124,000 after buying an additional 946 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new stake in Skyworks Solutions in the 2nd quarter valued at $2,968,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions 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 directly owns 9,112 shares in the company, valued at $1,093,440. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction that occurred on 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 transaction, the vice president now owns 9,112 shares of the company’s stock, valued at approximately $1,093,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the sale, the senior vice president now owns 17,455 shares of the company’s stock, 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 90 days. 0.34% of the stock is owned by insiders.

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $97.76 on Friday. The firm has a 50 day simple moving average of $106.72 and a 200-day simple moving average of $103.00. The stock has a market cap of $15.69 billion, a price-to-earnings ratio of 18.38, 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, Inc. has a 1-year low of $85.06 and a 1-year high of $120.86.

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

Skyworks Solutions Increases Dividend

The business 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 2.86%. The ex-dividend date was Tuesday, August 20th. Skyworks Solutions’s payout ratio is 52.63%.

Analysts Set New Price Targets

SWKS has been the topic of several recent analyst reports. Susquehanna reaffirmed a “neutral” rating and set a $125.00 price objective on shares of Skyworks Solutions in a report on Wednesday, July 31st. Craig Hallum lifted 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. Bank of America increased their target price on Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. Barclays lifted their price target on Skyworks Solutions from $85.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Finally, Rosenblatt Securities increased their price objective on Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.