WealthTrust Arizona LLC Holds Position in Skyworks Solutions, Inc. (SWKS)
WealthTrust Arizona LLC maintained its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,794 shares of the semiconductor manufacturer’s stock at the end of the second quarter. WealthTrust Arizona LLC’s holdings in Skyworks Solutions were worth $268,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of SWKS. Invictus RG purchased a new position in Skyworks Solutions during the first quarter valued at approximately $101,000. Winslow Evans & Crocker Inc. raised its position in 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 in the last quarter. Tompkins Financial Corp purchased a new position in Skyworks Solutions during the first quarter valued at approximately $107,000. WFG Advisors LP raised its position in 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 in the last quarter. Finally, TrimTabs Asset Management LLC raised its position in 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 in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.
Shares of Skyworks Solutions, Inc. (SWKS) traded up 0.194% during midday trading on Tuesday, hitting $106.065. The stock had a trading volume of 880,696 shares. The firm has a 50 day moving average of $102.81 and a 200-day moving average of $98.03. The company has a market cap of $19.54 billion, a P/E ratio of 20.358 and a beta of 0.81. Skyworks Solutions, Inc. has a one year low of $62.40 and a one year high of $112.11. Skyworks Solutions also was the target of some unusual options trading activity on Monday. Traders bought 12,219 put options on the company. This represents an increase of approximately 535% compared to the average volume of 1,923 put options.
Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $890.58 million. During the same quarter last year, the business earned $1.24 earnings per share. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. On average, analysts forecast that Skyworks Solutions, Inc. will post $6.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, August 4th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s dividend payout ratio (DPR) is currently 21.50%.
Several research firms have recently commented on SWKS. Craig Hallum raised their price target on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday. Vetr lowered Skyworks Solutions from a “buy” rating to a “hold” rating and set a $110.24 price target for the company. in a research report on Wednesday, June 7th. Canaccord Genuity restated a “buy” rating and set a $117.00 price target (up from $115.00) on shares of Skyworks Solutions in a research report on Saturday. Barclays PLC raised their price target on Skyworks Solutions from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 18th. Finally, B. Riley restated a “buy” rating and set a $130.00 price target on shares of Skyworks Solutions in a research report on Saturday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company. Skyworks Solutions currently has an average rating of “Buy” and an average target price of $107.86.
In related news, Director Christine King sold 3,500 shares of the firm’s stock in a transaction that occurred 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 $1,788,894.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert John Terry sold 3,233 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were 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 93,458 shares of company stock worth $9,512,091 in the last quarter. Company 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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