Hodges Capital Management Inc. decreased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 35.0% during the second quarter, Holdings Channel reports. The fund owned 6,582 shares of the semiconductor manufacturer’s stock after selling 3,550 shares during the period. Hodges Capital Management Inc.’s holdings in Skyworks Solutions were worth $632,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. IFP Advisors Inc boosted its stake in Skyworks Solutions by 2.8% in the second quarter. IFP Advisors Inc now owns 7,207 shares of the semiconductor manufacturer’s stock worth $692,000 after buying an additional 193 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in Skyworks Solutions by 7.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 127,665 shares of the semiconductor manufacturer’s stock worth $12,250,000 after buying an additional 8,328 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Skyworks Solutions by 9.4% in the second quarter. Stratos Wealth Partners LTD. now owns 4,068 shares of the semiconductor manufacturer’s stock worth $390,000 after buying an additional 350 shares during the last quarter. Oakworth Capital Inc. boosted its stake in Skyworks Solutions by 3.0% in the second quarter. Oakworth Capital Inc. now owns 77,684 shares of the semiconductor manufacturer’s stock worth $7,454,000 after buying an additional 2,240 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Skyworks Solutions by 5.1% in the second quarter. Sei Investments Co. now owns 123,873 shares of the semiconductor manufacturer’s stock worth $11,886,000 after buying an additional 6,016 shares during the last quarter. 81.19% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions, Inc. (NASDAQ SWKS) opened at 104.74 on Thursday. The stock’s 50 day moving average is $102.63 and its 200 day moving average is $100.03. The firm has a market cap of $19.24 billion, a price-to-earnings ratio of 20.10 and a beta of 0.82. Skyworks Solutions, Inc. has a one year low of $65.76 and a one year high of $112.11.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.05. The firm had revenue of $900.80 million for the quarter, compared to analyst estimates of $890.58 million. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.24 EPS. On average, analysts predict that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Investors 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. This represents a $1.28 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, August 4th. Skyworks Solutions’s dividend payout ratio (DPR) is 24.57%.

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Several analysts recently weighed in on the stock. Northland Securities reissued a “buy” rating and issued a $115.00 price objective on shares of Skyworks Solutions in a research note on Friday, August 4th. Vetr raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $117.35 price objective on the stock in a research note on Thursday, August 3rd. BidaskClub cut shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Wells Fargo & Company reissued an “outperform” rating on shares of Skyworks Solutions in a research note on Monday, July 31st. Finally, MKM Partners reissued a “buy” rating and issued a $115.00 price objective on shares of Skyworks Solutions in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Skyworks Solutions has a consensus rating of “Buy” and an average target price of $110.57.

In related news, insider Liam Griffin sold 8,056 shares of Skyworks Solutions stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $105.31, for a total transaction of $848,377.36. Following the completion of the transaction, the insider now directly owns 54,310 shares of the company’s stock, valued at approximately $5,719,386.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christine King sold 3,500 shares of Skyworks Solutions 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 of the company’s stock, valued at $1,788,894.24. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

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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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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