Skyworks Solutions, Inc. (NASDAQ:SWKS) Position Reduced by Reilly Financial Advisors LLC
Reilly Financial Advisors LLC decreased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10.7% during the second quarter, Holdings Channel reports. The firm owned 106,942 shares of the semiconductor manufacturer’s stock after selling 12,794 shares during the period. Reilly Financial Advisors LLC’s holdings in Skyworks Solutions were worth $10,261,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Skyworks Solutions by 2.7% in the first quarter. Vanguard Group Inc. now owns 17,823,006 shares of the semiconductor manufacturer’s stock valued at $1,746,298,000 after buying an additional 466,480 shares during the period. BlackRock Inc. increased its position in Skyworks Solutions by 3,071.2% in the first quarter. BlackRock Inc. now owns 12,053,655 shares of the semiconductor manufacturer’s stock worth $1,181,019,000 after buying an additional 11,673,555 shares during the period. State Street Corp increased its position in Skyworks Solutions by 0.5% in the first quarter. State Street Corp now owns 7,739,120 shares of the semiconductor manufacturer’s stock worth $758,285,000 after buying an additional 38,898 shares during the period. Geode Capital Management LLC increased its position in Skyworks Solutions by 9.6% in the first quarter. Geode Capital Management LLC now owns 2,170,250 shares of the semiconductor manufacturer’s stock worth $212,388,000 after buying an additional 189,313 shares during the period. Finally, Winslow Capital Management LLC bought a new position in Skyworks Solutions during the first quarter worth $205,388,000. 81.27% of the stock is currently owned by institutional investors.
Skyworks Solutions, Inc. (SWKS) traded up 0.0441% during midday trading on Friday, reaching $107.6875. 2,500,734 shares of the company’s stock were exchanged. The company has a market cap of $19.87 billion, a price-to-earnings ratio of 22.1990 and a beta of 0.81. The firm has a 50-day moving average price of $102.89 and a 200 day moving average price of $97.40. Skyworks Solutions, Inc. has a 52 week low of $62.40 and a 52 week high of $112.11.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data 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. The company had revenue of $900.80 million for the quarter, compared to analyst estimates of $890.58 million. Skyworks Solutions had a net margin of 27.27% and a return on equity of 28.00%. Skyworks Solutions’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS. Analysts anticipate that Skyworks Solutions, Inc. will post $6.32 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 dividend of $0.32 per share. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 1.19%. Skyworks Solutions’s payout ratio is currently 23.05%.
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SWKS has been the topic of a number of research reports. Vetr raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $113.68 price target on the stock in a research note on Monday, June 12th. 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. Pacific Crest raised shares of Skyworks Solutions from a “sector weight” rating to an “overweight” rating and set a $120.00 price target on the stock in a research note on Tuesday, April 4th. BidaskClub downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Argus initiated coverage on shares of Skyworks Solutions in a research note on Thursday, July 6th. They issued a “buy” rating and a $120.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the stock. Skyworks Solutions currently has an average rating of “Buy” and a consensus price target of $104.53.
In other news, Director Christine King sold 3,500 shares of the business’s stock in a transaction dated 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 approximately $1,788,894.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert John Terry sold 3,233 shares of the business’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $100.26, for a total transaction of $324,140.58. The disclosure for this sale can be found here. Insiders have sold a total of 93,458 shares of company stock worth $9,512,091 over the last 90 days. 0.49% of the stock is owned by company insiders.
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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