Shufro Rose & Co. LLC continued to hold 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 2,100 shares of the semiconductor manufacturer’s stock at the end of the second quarter. Shufro Rose & Co. LLC’s holdings in Skyworks Solutions were worth $201,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Invictus RG bought a new stake in Skyworks Solutions during the first quarter valued at about $101,000. Winslow Evans & Crocker Inc. raised its stake 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 during the last quarter. WFG Advisors LP raised its stake 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 during the last quarter. TrimTabs Asset Management LLC raised its stake 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 during the last quarter. Finally, Pathstone Family Office LLC bought a new stake in Skyworks Solutions during the first quarter valued at about $177,000. Institutional investors and hedge funds own 81.26% of the company’s stock.

Shares of Skyworks Solutions, Inc. (NASDAQ SWKS) opened at 102.21 on Friday. The firm’s 50-day moving average price is $103.08 and its 200 day moving average price is $100.50. Skyworks Solutions, Inc. has a 1-year low of $65.76 and a 1-year high of $112.11. The company has a market capitalization of $18.78 billion, a PE ratio of 19.62 and a beta of 0.82.

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, beating analysts’ consensus estimates of $1.52 by $0.05. The business had revenue of $900.80 million during 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%. Skyworks Solutions’s revenue 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. Equities analysts predict that Skyworks Solutions, Inc. will post $6.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th will be given 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 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, August 4th. Skyworks Solutions’s payout ratio is 24.57%.

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SWKS has been the topic of several analyst reports. Charter Equity reiterated a “buy” rating on shares of Skyworks Solutions in a report on Saturday, April 29th. Mizuho reiterated a “buy” rating on shares of Skyworks Solutions in a report on Friday, April 28th. Canaccord Genuity boosted their price target on Skyworks Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Needham & Company LLC reissued a “buy” rating and set a $108.00 price target (up previously from $92.00) on shares of Skyworks Solutions in a research report on Friday, April 28th. Finally, Craig Hallum boosted their price target on Skyworks Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $110.43.

In other news, Director Christine King sold 3,500 shares of the business’s stock in a transaction 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 completion of 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, insider Liam Griffin sold 8,056 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $105.31, for a total transaction of $848,377.36. Following the transaction, the insider now owns 54,310 shares of the company’s stock, valued at $5,719,386.10. The disclosure for this sale can be found here. 0.49% of the stock is owned by 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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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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