Pacer Advisors Inc. increased its holdings in Skyworks Solutions Inc (NASDAQ:SWKS) by 68.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,432 shares of the semiconductor manufacturer’s stock after buying an additional 11,147 shares during the period. Pacer Advisors Inc.’s holdings in Skyworks Solutions were worth $3,507,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SeaBridge Investment Advisors LLC bought a new position in Skyworks Solutions in the 2nd quarter worth approximately $26,000. Certified Advisory Corp boosted its holdings in Skyworks Solutions by 541.3% in the 1st quarter. Certified Advisory Corp now owns 295 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 249 shares during the period. Johnson Financial Group Inc. bought a new position in Skyworks Solutions in the 1st quarter worth approximately $27,000. Global Retirement Partners LLC boosted its holdings in Skyworks Solutions by 68.3% in the 2nd quarter. Global Retirement Partners LLC now owns 345 shares of the semiconductor manufacturer’s stock worth $44,000 after buying an additional 140 shares during the period. Finally, Royal Fund Management LLC bought a new position in Skyworks Solutions in the 1st quarter worth approximately $33,000. 79.00% of the stock is owned by institutional investors.
NASDAQ:SWKS opened at $145.58 on Friday. Skyworks Solutions Inc has a one year low of $67.90 and a one year high of $145.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.83 and a quick ratio of 1.69. The company’s 50-day simple moving average is $130.41 and its 200 day simple moving average is $111.99. The firm has a market capitalization of $23.72 billion, a P/E ratio of 28.10, a PEG ratio of 2.15 and a beta of 1.25.
Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Thursday, July 23rd. The semiconductor manufacturer reported $1.25 EPS for the quarter, topping the consensus estimate of $1.12 by $0.13. Skyworks Solutions had a net margin of 24.13% and a return on equity of 20.73%. The business had revenue of $736.80 million for the quarter, compared to analyst estimates of $690.06 million. During the same quarter in the previous year, the firm posted $1.35 earnings per share. On average, equities research analysts expect that Skyworks Solutions Inc will post 4.91 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a $0.50 dividend. The ex-dividend date is Monday, August 10th. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.44. This represents a $2.00 annualized dividend and a yield of 1.37%. Skyworks Solutions’s payout ratio is 30.82%.
In other news, Director P Mcglade David sold 21,800 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $134.14, for a total transaction of $2,924,252.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Carlos S. Bori sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $120.00, for a total transaction of $600,000.00. The disclosure for this sale can be found here. Insiders sold 48,425 shares of company stock valued at $6,293,835 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.
Several research analysts have commented on SWKS shares. Barclays raised their price target on shares of Skyworks Solutions from $100.00 to $130.00 and gave the company an “equal weight” rating in a report on Monday, July 20th. Robert W. Baird raised their price target on shares of Skyworks Solutions from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Needham & Company LLC raised their price target on shares of Skyworks Solutions from $125.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Oppenheimer reissued a “hold” rating on shares of Skyworks Solutions in a report on Thursday, June 11th. Finally, Cowen raised their price target on shares of Skyworks Solutions from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, June 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $135.85.
Skyworks Solutions Company Profile
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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