Nisa Investment Advisors LLC boosted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 20.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,574 shares of the semiconductor manufacturer’s stock after buying an additional 11,504 shares during the period. Nisa Investment Advisors LLC’s holdings in Skyworks Solutions were worth $6,484,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invictus RG acquired a new stake in shares of Skyworks Solutions during the first quarter valued at about $101,000. Winslow Evans & Crocker Inc. increased its position in shares of Skyworks Solutions by 5.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock worth $103,000 after buying an additional 50 shares in the last quarter. Tompkins Financial Corp bought a new position in shares of Skyworks Solutions during the first quarter worth approximately $107,000. WFG Advisors LP increased its position in shares of Skyworks Solutions by 18.6% in the first quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock worth $113,000 after buying an additional 181 shares in the last quarter. Finally, TrimTabs Asset Management LLC increased its position in shares of Skyworks Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock worth $138,000 after buying an additional 664 shares in the last quarter. 81.27% of the stock is owned by institutional investors.
Shares of Skyworks Solutions, Inc. (NASDAQ SWKS) opened at 106.3843 on Friday. Skyworks Solutions, Inc. has a 12 month low of $62.40 and a 12 month high of $112.11. The company has a market capitalization of $19.63 billion, a PE ratio of 21.9304 and a beta of 0.81. The firm has a 50-day moving average of $102.89 and a 200 day moving average of $97.40.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.05. Skyworks Solutions had a return on equity of 28.00% and a net margin of 27.27%. The business had revenue of $900.80 million for the quarter, compared to analyst estimates of $890.58 million. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. On average, equities research analysts expect that Skyworks Solutions, Inc. will post $6.32 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.19%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s dividend payout ratio is 23.05%.
A number of brokerages have commented on SWKS. Vetr downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $110.24 target price on the stock. in a research note on Wednesday, June 7th. Mizuho upped their target price on shares of Skyworks Solutions from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday. Craig Hallum upped their target price on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday. Cowen and Company restated a “market perform” rating and issued a $110.00 target price on shares of Skyworks Solutions in a research note on Friday. Finally, ValuEngine downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $104.53.
In other Skyworks Solutions news, VP Robert John Terry sold 3,233 shares of the stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $100.26, for a total value of $324,140.58. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christine King sold 3,500 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $108.84, for a total value of $380,940.00. Following the completion of the transaction, the director now directly owns 16,436 shares in the company, valued at approximately $1,788,894.24. The disclosure for this sale can be found here. Insiders have sold 93,458 shares of company stock worth $9,512,091 in the last ninety days. 0.49% of the stock is currently owned by insiders.
About Skyworks Solutions
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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