Skyworks Solutions, Inc. (SWKS) Position Cut by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,709 shares of the semiconductor manufacturer’s stock after selling 8 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Skyworks Solutions were worth $1,315,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of SWKS. Waldron LP raised its stake in Skyworks Solutions by 5.7% during the 1st quarter. Waldron LP now owns 3,076 shares of the semiconductor manufacturer’s stock valued at $301,000 after purchasing an additional 165 shares during the period. Canada Pension Plan Investment Board raised its stake in Skyworks Solutions by 2,159.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 11,612 shares of the semiconductor manufacturer’s stock valued at $1,138,000 after purchasing an additional 11,098 shares during the period. Chicago Equity Partners LLC bought a new stake in Skyworks Solutions during the 1st quarter valued at approximately $828,000. Empire Life Investments Inc. bought a new stake in Skyworks Solutions during the 1st quarter valued at approximately $9,031,000. Finally, American Century Companies Inc. raised its stake in Skyworks Solutions by 99.7% during the 1st quarter. American Century Companies Inc. now owns 11,252 shares of the semiconductor manufacturer’s stock valued at $1,102,000 after purchasing an additional 5,617 shares during the period. 80.86% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on SWKS shares. B. Riley reissued a “buy” rating and set a $120.00 target price on shares of Skyworks Solutions in a research note on Monday, July 17th. Vetr downgraded Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $116.12 target price on the stock. in a research note on Monday, July 17th. Argus started coverage on Skyworks Solutions in a research note on Thursday, July 6th. They set a “buy” rating and a $120.00 target price on the stock. BidaskClub downgraded Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Mizuho lifted their target price on Skyworks Solutions from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. Skyworks Solutions presently has a consensus rating of “Buy” and an average target price of $111.71.
Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at 104.64 on Friday. The company’s 50-day moving average price is $104.30 and its 200-day moving average price is $101.72. The stock has a market cap of $19.23 billion, a PE ratio of 20.08 and a beta of 0.81. Skyworks Solutions, Inc. has a 12-month low of $65.76 and a 12-month high of $112.11.
Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.05. The company had revenue of $900.80 million during the quarter, compared to analysts’ expectations of $890.58 million. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 earnings per share. On average, equities analysts expect that Skyworks Solutions, Inc. will post $6.39 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th were paid a dividend of $0.32 per share. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, August 4th. This represents a $1.28 annualized dividend and a yield of 1.22%. Skyworks Solutions’s dividend payout ratio (DPR) is 24.57%.
In other news, insider Liam Griffin sold 8,056 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was 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 in the company, valued at $5,719,386.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christine King sold 3,705 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total value of $395,768.10. Following the transaction, the director now owns 16,641 shares of the company’s stock, valued at $1,777,591.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,371 shares of company stock valued at $1,505,093. 0.49% of the stock is owned by insiders.
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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