HL Financial Services LLC Purchases 71 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)
HL Financial Services LLC boosted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 46,109 shares of the semiconductor manufacturer’s stock after buying an additional 71 shares during the period. HL Financial Services LLC’s holdings in Skyworks Solutions were worth $4,424,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in SWKS. Vanguard Group Inc. raised 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 in the last quarter. BlackRock Inc. raised its stake in shares of Skyworks Solutions by 3,071.2% in the first quarter. BlackRock Inc. now owns 12,053,655 shares of the semiconductor manufacturer’s stock valued at $1,181,019,000 after buying an additional 11,673,555 shares in the last quarter. State Street Corp raised its stake in shares of Skyworks Solutions by 0.5% in the first quarter. State Street Corp now owns 7,739,120 shares of the semiconductor manufacturer’s stock valued at $758,285,000 after buying an additional 38,898 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 valued at $212,388,000 after buying an additional 189,313 shares in the last quarter. Finally, Winslow Capital Management LLC purchased a new stake in shares of Skyworks Solutions during the first quarter valued at about $205,388,000. Institutional investors and hedge funds own 81.19% of the company’s stock.
Skyworks Solutions, Inc. (NASDAQ SWKS) opened at 104.73 on Wednesday. Skyworks Solutions, Inc. has a 52 week low of $65.70 and a 52 week high of $112.11. The company has a market cap of $19.24 billion, a PE ratio of 20.10 and a beta of 0.82. The firm’s 50-day moving average is $102.45 and its 200-day moving average is $99.38.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results 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 in the prior year, the business earned $1.24 EPS. Skyworks Solutions’s quarterly revenue was up 19.8% on a year-over-year basis. On average, analysts expect that Skyworks Solutions, Inc. will post $6.39 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 4th. This represents a $1.28 dividend on an annualized basis and a yield of 1.22%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s dividend payout ratio is 24.57%.
Several analysts recently issued reports on SWKS shares. Vetr upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $113.68 price objective for the company in a report on Monday, June 12th. Craig Hallum increased their target price on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. BidaskClub downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Argus assumed coverage on shares of Skyworks Solutions in a research report on Thursday, July 6th. They set a “buy” rating and a $120.00 target price on the stock. Finally, B. Riley reissued a “buy” rating and set a $120.00 target price on shares of Skyworks Solutions in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $109.28.
In other Skyworks Solutions news, Director Christine King sold 3,500 shares of the 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 approximately $1,788,894.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Liam Griffin sold 18,250 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $101.88, for a total transaction of $1,859,310.00. Following the transaction, the insider now owns 64,466 shares in the company, valued at approximately $6,567,796.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,806 shares of company stock worth $3,088,627. 0.49% of the stock is owned by company 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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