Arizona State Retirement System maintained its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the second quarter, Holdings Channel reports. The fund owned 45,800 shares of the semiconductor manufacturer’s stock at the end of the second quarter. Arizona State Retirement System’s holdings in Skyworks Solutions were worth $4,395,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invictus RG bought a new stake in shares of Skyworks Solutions during the first quarter worth $101,000. Winslow Evans & Crocker Inc. raised its stake 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 stake in shares of Skyworks Solutions during the first quarter worth $107,000. WFG Advisors LP raised its stake 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 raised its stake 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. Hedge funds and other institutional investors own 81.26% of the company’s stock.
Skyworks Solutions, Inc. (NASDAQ SWKS) opened at 105.47 on Tuesday. The stock’s 50 day moving average is $102.61 and its 200 day moving average is $100.35. Skyworks Solutions, Inc. has a 52 week low of $65.76 and a 52 week high of $112.11. The firm has a market cap of $19.38 billion, a price-to-earnings ratio of 20.24 and a beta of 0.82.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.05. The business had revenue of $900.80 million for the quarter, compared to analyst estimates of $890.58 million. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 earnings per share. Equities research analysts expect that Skyworks Solutions, Inc. will post $6.39 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Friday, August 4th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s payout ratio is currently 24.57%.
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A number of analysts have recently weighed in on SWKS shares. Charter Equity reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Saturday, April 29th. Mizuho reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Friday, April 28th. Canaccord Genuity upped their price target on shares of Skyworks Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $108.00 price target (up from $92.00) on shares of Skyworks Solutions in a research note on Friday, April 28th. Finally, Craig Hallum upped their price target on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. Skyworks Solutions has an average rating of “Buy” and a consensus target price of $110.43.
In related news, Director Christine King sold 3,500 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $108.84, for a total transaction of $380,940.00. Following the transaction, the director now directly owns 16,436 shares in the company, valued at $1,788,894.24. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Liam Griffin sold 8,056 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $105.31, for a total transaction of $848,377.36. Following the transaction, the insider now owns 54,310 shares in the company, valued at $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.
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