Global X Management Co. LLC boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 31.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,867 shares of the semiconductor manufacturer’s stock after buying an additional 9,407 shares during the period. Global X Management Co. LLC’s holdings in Skyworks Solutions were worth $3,729,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Winslow Evans & Crocker Inc. boosted its stake in Skyworks Solutions by 3.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock valued at $104,000 after buying an additional 35 shares during the period. Cleararc Capital Inc. boosted its stake in Skyworks Solutions by 1.1% in the first quarter. Cleararc Capital Inc. now owns 4,544 shares of the semiconductor manufacturer’s stock valued at $445,000 after buying an additional 50 shares during the period. First National Bank of Hutchinson boosted its stake in Skyworks Solutions by 1.0% in the second quarter. First National Bank of Hutchinson now owns 6,774 shares of the semiconductor manufacturer’s stock valued at $721,000 after buying an additional 70 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in Skyworks Solutions by 2.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,955 shares of the semiconductor manufacturer’s stock valued at $454,000 after buying an additional 113 shares during the period. Finally, Mason Street Advisors LLC boosted its stake in Skyworks Solutions by 0.5% in the first quarter. Mason Street Advisors LLC now owns 25,554 shares of the semiconductor manufacturer’s stock valued at $2,504,000 after buying an additional 135 shares during the period. 81.19% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions, Inc. (NASDAQ SWKS) opened at 103.18 on Friday. The company has a market cap of $18.96 billion, a PE ratio of 19.80 and a beta of 0.82. Skyworks Solutions, Inc. has a 1-year low of $65.76 and a 1-year high of $112.11. The stock has a 50 day moving average price of $102.58 and a 200 day moving average price of $100.13.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.05. The business had revenue of $900.80 million during the quarter, compared to the consensus estimate of $890.58 million. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. Skyworks Solutions’s revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the company earned $1.24 EPS. Equities analysts forecast that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th will be given a $0.32 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, August 4th. This represents a $1.28 annualized dividend and a yield of 1.24%. Skyworks Solutions’s payout ratio is presently 24.57%.

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Several analysts have commented on the company. B. Riley restated a “buy” rating and issued a $120.00 price target on shares of Skyworks Solutions in a report on Wednesday, May 3rd. Vetr cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $112.92 price target for the company. in a report on Thursday, April 20th. Craig Hallum lifted their price target on Skyworks Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, July 21st. Cowen and Company restated a “market perform” rating and issued a $110.00 price target on shares of Skyworks Solutions in a report on Friday, July 21st. Finally, Barclays PLC restated an “overweight” rating on shares of Skyworks Solutions in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $110.57.

In other Skyworks Solutions news, Director Christine King sold 3,500 shares of Skyworks Solutions stock in a transaction on Monday, June 5th. The stock was 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 owns 16,436 shares in the company, valued at approximately $1,788,894.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Liam Griffin sold 8,056 shares of Skyworks Solutions stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $105.31, for a total value of $848,377.36. Following the completion of the transaction, the insider now owns 54,310 shares of the company’s stock, valued at approximately $5,719,386.10. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

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.

Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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