White Pine Capital LLC reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,220 shares of the semiconductor manufacturer’s stock after selling 330 shares during the period. Skyworks Solutions accounts for about 1.1% of White Pine Capital LLC’s holdings, making the stock its 12th biggest holding. White Pine Capital LLC’s holdings in Skyworks Solutions were worth $2,804,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Invictus RG acquired a new stake in Skyworks Solutions during the first quarter worth about $101,000. Winslow Evans & Crocker Inc. increased its position in Skyworks Solutions by 3.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after purchasing an additional 35 shares during the last quarter. WFG Advisors LP increased its position in Skyworks Solutions by 18.6% during the first quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock worth $113,000 after purchasing an additional 181 shares during the last quarter. TrimTabs Asset Management LLC increased its position in Skyworks Solutions by 89.0% during the first quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock worth $138,000 after purchasing an additional 664 shares during the last quarter. Finally, Pathstone Family Office LLC acquired a new stake in Skyworks Solutions during the first quarter worth about $177,000. Hedge funds and other institutional investors own 80.86% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Instinet assumed coverage on shares of Skyworks Solutions in a research report on Wednesday. They set a “buy” rating and a $115.00 price objective for the company. Citigroup Inc. upgraded shares of Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 price objective for the company in a research report on Tuesday. KeyCorp restated a “buy” rating and set a $120.00 price objective on shares of Skyworks Solutions in a research report on Friday, September 1st. Vetr upgraded shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $114.47 price objective for the company in a research report on Tuesday, August 29th. Finally, Zacks Investment Research upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Skyworks Solutions currently has an average rating of “Buy” and an average price target of $111.71.

In other news, Director Christine King sold 3,705 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total transaction of $395,768.10. Following the completion of the sale, the director now owns 16,641 shares of the company’s stock, valued at $1,777,591.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Liam Griffin sold 2,610 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $99.98, for a total transaction of $260,947.80. Following the sale, the insider now directly owns 50,408 shares of the company’s stock, valued at approximately $5,039,791.84. The disclosure for this sale can be found here. Insiders have sold 14,371 shares of company stock valued at $1,505,093 in the last three months. Corporate insiders own 0.49% of the company’s stock.

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Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) traded down 1.68% during mid-day trading on Friday, hitting $104.64. 969,549 shares of the stock traded hands. The stock has a market cap of $19.23 billion, a PE ratio of 20.08 and a beta of 0.81. The stock has a 50-day moving average of $104.30 and a 200 day moving average of $101.72. Skyworks Solutions, Inc. has a one year low of $65.76 and a one year high of $112.11.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.22%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s dividend payout ratio (DPR) is presently 24.57%.

Skyworks Solutions Profile

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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