Trexquant Investment LP acquired a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the second quarter, Holdings Channel reports. The fund acquired 4,100 shares of the semiconductor manufacturer’s stock, valued at approximately $393,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. boosted its position in Skyworks Solutions by 3.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after buying an additional 35 shares during the period. Cleararc Capital Inc. boosted its position in Skyworks Solutions by 1.1% in the first quarter. Cleararc Capital Inc. now owns 4,544 shares of the semiconductor manufacturer’s stock worth $445,000 after buying an additional 50 shares during the period. First National Bank of Hutchinson boosted its position in Skyworks Solutions by 1.0% in the second quarter. First National Bank of Hutchinson now owns 6,774 shares of the semiconductor manufacturer’s stock worth $721,000 after buying an additional 70 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in Skyworks Solutions by 2.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,955 shares of the semiconductor manufacturer’s stock worth $454,000 after buying an additional 113 shares during the period. Finally, Mason Street Advisors LLC boosted its position in Skyworks Solutions by 0.5% in the first quarter. Mason Street Advisors LLC now owns 25,554 shares of the semiconductor manufacturer’s stock worth $2,504,000 after buying an additional 135 shares during the period. 81.26% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions, Inc. (NASDAQ SWKS) opened at 105.80 on Wednesday. Skyworks Solutions, Inc. has a 52 week low of $65.76 and a 52 week high of $112.11. The firm’s 50-day moving average price is $102.74 and its 200 day moving average price is $100.45. The firm has a market cap of $19.44 billion, a P/E ratio of 20.31 and a beta of 0.82.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, topping the consensus estimate of $1.52 by $0.05. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The business had revenue of $900.80 million during the quarter, compared to the consensus estimate of $890.58 million. During the same quarter last year, the company earned $1.24 EPS. The firm’s revenue was up 19.8% compared to the same quarter last year. Equities analysts forecast 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. Shareholders of record on Tuesday, August 8th will be issued a $0.32 dividend. The ex-dividend date is Friday, August 4th. This represents a $1.28 annualized dividend and a dividend yield of 1.21%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s dividend payout ratio (DPR) is presently 24.57%.

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A number of research firms have commented on SWKS. B. Riley reaffirmed a “buy” rating and set a $120.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, May 3rd. Vetr cut shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $113.85 price objective for the company. in a research report on Monday. Barclays PLC reaffirmed an “overweight” rating on shares of Skyworks Solutions in a research report on Friday, July 21st. Craig Hallum lifted their price objective on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $110.00 price objective on shares of Skyworks Solutions in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $110.43.

In other Skyworks Solutions news, insider Liam Griffin sold 8,056 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $105.31, for a total value of $848,377.36. Following the sale, the insider now owns 54,310 shares of the company’s stock, valued at approximately $5,719,386.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christine King sold 3,500 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $108.84, for a total value of $380,940.00. Following the completion of the sale, the director now directly owns 16,436 shares in the company, valued at approximately $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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