State of Wisconsin Investment Board raised its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 34.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 277,626 shares of the semiconductor manufacturer’s stock after buying an additional 71,267 shares during the period. State of Wisconsin Investment Board owned approximately 0.15% of Skyworks Solutions worth $26,638,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the stock. Invictus RG acquired a new stake in shares of Skyworks Solutions during the first quarter worth approximately $101,000. Winslow Evans & Crocker Inc. boosted 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 during the last quarter. WFG Advisors LP boosted 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 during the last quarter. TrimTabs Asset Management LLC boosted 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 during the last quarter. Finally, Pathstone Family Office LLC acquired a new stake in shares of Skyworks Solutions during the first quarter worth approximately $177,000. Institutional investors own 81.26% of the company’s stock.
Shares of Skyworks Solutions, Inc. (SWKS) opened at 102.21 on Friday. The stock has a market cap of $18.78 billion, a PE ratio of 19.62 and a beta of 0.82. The firm’s 50-day moving average is $103.08 and its 200 day moving average is $100.50. Skyworks Solutions, Inc. has a 12 month low of $65.76 and a 12 month high of $112.11.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $890.58 million. During the same quarter in the previous year, the business posted $1.24 earnings per share. Skyworks Solutions’s quarterly revenue was up 19.8% on a year-over-year basis. On average, equities 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. Shareholders of record on Tuesday, August 8th will be given a dividend of $0.32 per share. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, August 4th. This represents a $1.28 dividend on an annualized basis and a yield of 1.25%. Skyworks Solutions’s payout ratio is 24.57%.
SWKS has been the topic of a number of analyst reports. Charter Equity reaffirmed a “buy” rating on shares of Skyworks Solutions in a report on Saturday, April 29th. Mizuho reaffirmed a “buy” rating on shares of Skyworks Solutions in a report on Friday, April 28th. Canaccord Genuity upped their target price on shares of Skyworks Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $108.00 target price (up previously from $92.00) on shares of Skyworks Solutions in a report on Friday, April 28th. Finally, Craig Hallum upped their target price on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $110.43.
In other Skyworks Solutions news, insider Liam Griffin sold 8,056 shares of the business’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 transaction, the insider now owns 54,310 shares in the company, valued at $5,719,386.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 owns 16,436 shares in the company, valued at approximately $1,788,894.24. 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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