WFA of San Diego LLC acquired a new position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,007 shares of the semiconductor manufacturer’s stock, valued at approximately $985,000.

Several other institutional investors also recently made changes to their positions in the stock. Nicollet Investment Management Inc. grew its stake in shares of Skyworks Solutions by 1.0% during the second quarter. Nicollet Investment Management Inc. now owns 6,962 shares of the semiconductor manufacturer’s stock worth $890,000 after purchasing an additional 70 shares during the period. Mitchell Capital Management Co. grew its stake in Skyworks Solutions by 0.8% in the second quarter. Mitchell Capital Management Co. now owns 9,507 shares of the semiconductor manufacturer’s stock valued at $1,216,000 after acquiring an additional 75 shares during the period. Dumont & Blake Investment Advisors LLC lifted its holdings in shares of Skyworks Solutions by 0.6% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 12,577 shares of the semiconductor manufacturer’s stock valued at $1,608,000 after purchasing an additional 79 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Skyworks Solutions by 30.7% in the second quarter. Parkside Financial Bank & Trust now owns 387 shares of the semiconductor manufacturer’s stock valued at $49,000 after purchasing an additional 91 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Skyworks Solutions by 31.0% in the first quarter. Rockefeller Capital Management L.P. now owns 397 shares of the semiconductor manufacturer’s stock valued at $35,000 after purchasing an additional 94 shares in the last quarter. 76.89% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently commented on SWKS shares. Mizuho boosted their price target on Skyworks Solutions from $127.00 to $145.00 and gave the company a “buy” rating in a report on Friday, July 24th. Charter Equity restated a “buy” rating on shares of Skyworks Solutions in a report on Friday, July 24th. Raymond James boosted their price target on Skyworks Solutions from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Robert W. Baird boosted their price target on Skyworks Solutions from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Rosenblatt Securities assumed coverage on Skyworks Solutions in a report on Thursday, September 10th. They issued a “buy” rating and a $160.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $138.73.

In related news, Director P Mcglade David sold 12,500 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $153.01, for a total transaction of $1,912,625.00. Following the sale, the director now owns 2,294 shares of the company’s stock, valued at $351,004.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Carlos S. Bori sold 6,500 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $137.17, for a total value of $891,605.00. Following the sale, the senior vice president now directly owns 16,898 shares in the company, valued at approximately $2,317,898.66. The disclosure for this sale can be found here. Insiders have sold 61,725 shares of company stock worth $8,612,455 in the last three months. 0.40% of the stock is currently owned by company insiders.

Shares of Skyworks Solutions stock traded up $0.40 on Wednesday, hitting $141.31. The stock had a trading volume of 38,397 shares, compared to its average volume of 2,312,511. Skyworks Solutions Inc has a twelve month low of $67.90 and a twelve month high of $154.24. The business’s 50 day moving average is $142.12 and its two-hundred day moving average is $117.44. The stock has a market cap of $23.54 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 2.06 and a beta of 1.23.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Thursday, July 23rd. The semiconductor manufacturer reported $1.25 EPS for the quarter, beating the consensus estimate of $1.12 by $0.13. Skyworks Solutions had a return on equity of 20.73% and a net margin of 24.13%. The company had revenue of $736.80 million for the quarter, compared to the consensus estimate of $690.06 million. During the same quarter in the prior year, the business earned $1.35 earnings per share. On average, equities research analysts expect that Skyworks Solutions Inc will post 4.91 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.42%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.44. Skyworks Solutions’s dividend payout ratio is currently 35.03%.

Skyworks Solutions 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.

Read More: Coverage Ratio

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

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