Hancock Holding Co. Has $238,000 Position in Skyworks Solutions Inc. (SWKS)
Hancock Holding Co. lowered its stake in shares of Skyworks Solutions Inc. (NASDAQ:SWKS) by 32.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,763 shares of the semiconductor manufacturer’s stock after selling 1,781 shares during the period. Hancock Holding Co.’s holdings in Skyworks Solutions were worth $238,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in SWKS. Morris Capital Advisors LLC acquired a new stake in Skyworks Solutions during the first quarter worth approximately $591,000. Virginia Retirement System acquired a new stake in Skyworks Solutions during the first quarter worth approximately $4,822,000. Nisa Investment Advisors L.L.C. boosted its stake in Skyworks Solutions by 5.4% in the first quarter. Nisa Investment Advisors L.L.C. now owns 33,200 shares of the semiconductor manufacturer’s stock worth $2,586,000 after buying an additional 1,700 shares in the last quarter. GRATRY & Co LLC boosted its stake in Skyworks Solutions by 34.2% in the first quarter. GRATRY & Co LLC now owns 3,965 shares of the semiconductor manufacturer’s stock worth $309,000 after buying an additional 1,010 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. acquired a new stake in Skyworks Solutions during the first quarter worth approximately $323,000. Institutional investors own 76.66% of the company’s stock.
Shares of Skyworks Solutions Inc. (NASDAQ:SWKS) traded up 0.08% during trading on Thursday, hitting $76.80. The stock had a trading volume of 506,889 shares. Skyworks Solutions Inc. has a one year low of $54.50 and a one year high of $89.72. The stock has a market cap of $14.40 billion, a P/E ratio of 15.21 and a beta of 1.15. The stock’s 50 day moving average price is $71.47 and its 200-day moving average price is $69.32.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.03. The business earned $751.70 million during the quarter, compared to the consensus estimate of $750.22 million. Skyworks Solutions had a net margin of 29.32% and a return on equity of 29.31%. Analysts expect that Skyworks Solutions Inc. will post $5.53 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 4th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, August 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.46%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.26. Skyworks Solutions’s dividend payout ratio (DPR) is currently 22.18%.
A number of equities research analysts have commented on SWKS shares. Vetr cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $72.85 price target on the stock. in a report on Monday, June 20th. Brean Capital reissued a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, June 15th. B. Riley cut Skyworks Solutions to a “buy” rating in a report on Monday, June 13th. Drexel Hamilton reissued a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, July 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $73.00 price target on shares of Skyworks Solutions in a report on Monday, July 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $83.04.
In related news, Director Timothy R. Furey sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $74.87, for a total transaction of $374,350.00. Following the completion of the transaction, the director now owns 34,947 shares of the company’s stock, valued at approximately $2,616,481.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bruce J. Freyman sold 3,221 shares of the stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $75.00, for a total transaction of $241,575.00. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.
Skyworks Solutions Company Profile
Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.
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