Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,603 shares of the semiconductor manufacturer’s stock after selling 768 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Skyworks Solutions were worth $1,538,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SWKS. BNP Paribas acquired a new position in shares of Skyworks Solutions during the first quarter worth $27,000. Innealta Capital LLC purchased a new position in Skyworks Solutions in the second quarter valued at about $27,000. Rothschild Investment LLC acquired a new stake in Skyworks Solutions during the 2nd quarter valued at approximately $27,000. Access Investment Management LLC purchased a new stake in Skyworks Solutions during the 1st quarter worth approximately $31,000. Finally, Blue Trust Inc. raised its holdings in Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after acquiring an additional 149 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SWKS shares. Robert W. Baird upped their target price on shares of Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. B. Riley upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the company from $96.00 to $130.00 in a research note on Thursday, June 20th. Stifel Nicolaus lifted their price target on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Piper Sandler reissued a “neutral” rating and issued a $115.00 price target (up previously from $95.00) on shares of Skyworks Solutions in a report on Wednesday, July 31st. Finally, Barclays upped their price objective 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. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus target price of $114.18.

Insider Buying and Selling

In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 9,564 shares of the company’s stock, valued at $1,052,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the business’s 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 sale, the vice president now owns 9,564 shares in the company, valued at approximately $1,052,040. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Carlos S. Bori sold 9,321 shares of the firm’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 transaction, the senior vice president now 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 sold 12,068 shares of company stock worth $1,252,490. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Performance

SWKS opened at $97.76 on Friday. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $120.86. The company has a market capitalization 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 business has a 50 day moving average price of $106.72 and a two-hundred day moving average price of $103.00. 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 announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, meeting the consensus estimate of $1.21. The business had revenue of $905.50 million during the quarter, compared to analyst estimates of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The company’s revenue was down 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.50 earnings per share. Research analysts predict that Skyworks Solutions, Inc. will post 5.21 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

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

About Skyworks Solutions

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.