Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Distillate Capital Partners LLC

Distillate Capital Partners LLC lifted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 116,544.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 144,639 shares of the semiconductor manufacturer’s stock after buying an additional 144,515 shares during the quarter. Distillate Capital Partners LLC owned approximately 0.09% of Skyworks Solutions worth $15,416,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on SWKS shares. Rosenblatt Securities boosted their target price on Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Craig Hallum raised their price objective on shares of Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Stifel Nicolaus increased their target price on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Bank of America lifted their target price on Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird raised their price objective 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. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and a consensus target price of $114.18.

Skyworks Solutions Price Performance

NASDAQ:SWKS opened at $98.11 on Tuesday. The company’s 50-day moving average is $106.37 and its two-hundred day moving average is $102.92. 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 cap of $15.74 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 4.56 and a beta of 1.21. 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 quarterly 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 the consensus estimate of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. Skyworks Solutions’s revenue was down 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.50 EPS. Research analysts expect that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were given a dividend of $0.70 per share. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, August 20th. This represents a $2.80 annualized dividend and a yield of 2.85%. Skyworks Solutions’s dividend payout ratio is 52.63%.

Insider Buying and Selling at Skyworks Solutions

In related news, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions 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 in the company, valued at $1,052,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction dated 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 $3,793,589.91. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Philip Matthew Carter sold 452 shares of the business’s 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 transaction, the vice president now directly owns 9,564 shares in the company, valued at $1,052,040. The disclosure for this sale can be found here. Insiders have sold a total of 12,068 shares of company stock worth $1,252,490 in the last quarter. 0.34% of the stock is owned by 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.