Hussman Strategic Advisors Inc. acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the semiconductor manufacturer’s stock, valued at approximately $1,919,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in SWKS. Invictus RG purchased a new position in shares of Skyworks Solutions during the first quarter valued at about $101,000. Winslow Evans & Crocker Inc. boosted its position 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 valued at $103,000 after buying an additional 50 shares during the period. Tompkins Financial Corp purchased a new position in shares of Skyworks Solutions during the first quarter valued at about $107,000. WFG Advisors LP boosted its position 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 valued at $113,000 after buying an additional 181 shares during the period. Finally, TrimTabs Asset Management LLC boosted its position 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 valued at $138,000 after buying an additional 664 shares during the period. 81.26% of the stock is currently owned by institutional investors.
Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) traded up 0.31% during mid-day trading on Friday, reaching $102.53. The company’s stock had a trading volume of 842,582 shares. The firm’s 50 day moving average price is $103.08 and its 200-day moving average price is $100.50. Skyworks Solutions, Inc. has a 1-year low of $65.76 and a 1-year high of $112.11. The company has a market capitalization of $18.84 billion, a price-to-earnings ratio of 19.68 and a beta of 0.82.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $900.80 million during the quarter, compared to analysts’ expectations of $890.58 million. During the same period in the previous 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. On average, analysts predict that Skyworks Solutions, Inc. will post $6.39 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.25%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, August 4th. Skyworks Solutions’s payout ratio is presently 24.57%.
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Several brokerages recently issued reports on SWKS. Craig Hallum increased their price objective on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Vetr cut Skyworks Solutions from a “buy” rating to a “hold” rating and set a $110.24 price objective on the stock. in a research note on Wednesday, June 7th. Canaccord Genuity reissued a “buy” rating and issued a $117.00 price objective (up previously from $115.00) on shares of Skyworks Solutions in a research note on Saturday, July 22nd. Northland Securities reissued a “buy” rating and issued a $115.00 price objective on shares of Skyworks Solutions in a research note on Friday, August 4th. Finally, B. Riley reaffirmed a “buy” rating and set a $130.00 target price on shares of Skyworks Solutions in a research report on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $110.43.
In related news, insider Liam Griffin sold 8,056 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $105.31, for a total transaction of $848,377.36. Following the completion of the transaction, the insider now directly owns 54,310 shares in the company, valued at approximately $5,719,386.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christine King sold 3,500 shares of the company’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 owns 16,436 shares of the company’s stock, valued at $1,788,894.24. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.
Skyworks Solutions Company 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.
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