Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC lowered its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,169 shares of the semiconductor manufacturer’s stock after selling 768 shares during the quarter. NewEdge Advisors LLC’s holdings in Skyworks Solutions were worth $1,617,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas acquired a new stake in shares of Skyworks Solutions in the 1st quarter valued at $27,000. Innealta Capital LLC acquired a new stake in Skyworks Solutions during the 2nd quarter worth $27,000. Rothschild Investment LLC purchased a new stake in Skyworks Solutions in the second quarter valued at $27,000. Access Investment Management LLC acquired a new stake in shares of Skyworks Solutions in the 1st quarter valued at about $31,000. Finally, Blue Trust Inc. boosted its holdings 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 valued at $36,000 after acquiring an additional 149 shares during the period. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on SWKS. Barclays increased their price target on shares of Skyworks Solutions from $85.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. B. Riley raised Skyworks Solutions from a “neutral” rating to a “buy” rating and raised their price target for the stock from $96.00 to $130.00 in a report on Thursday, June 20th. The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a research note on Wednesday, July 31st. Rosenblatt Securities raised their price target on Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus lifted their target price on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus target price of $114.18.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $96.83 on Friday. 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 12-month low of $85.06 and a 12-month high of $120.86. The business’s fifty day moving average price is $103.02 and its 200 day moving average price is $102.44. The stock has a market capitalization of $15.54 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 4.42 and a beta of 1.20.

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 analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $900.41 million. During the same quarter in the prior year, the firm earned $1.50 EPS. The company’s revenue for the quarter was down 15.5% compared to the same quarter last year. Equities research analysts forecast 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 issued a $0.70 dividend. This is an increase 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 dividend yield of 2.89%. Skyworks Solutions’s dividend payout ratio (DPR) is 52.63%.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total value of $54,240.00. Following the sale, the vice president now directly owns 9,112 shares of the company’s stock, valued at $1,093,440. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related 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 transaction, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at $3,793,589.91. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total value of $54,240.00. Following the sale, the vice president now directly owns 9,112 shares in the company, valued at $1,093,440. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,068 shares of company stock worth $1,252,490 in the last 90 days. 0.34% of the stock is currently owned by company insiders.

Skyworks Solutions 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.