Federated Investors Inc. PA Grows Position in Skyworks Solutions, Inc. (SWKS)
Federated Investors Inc. PA increased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 24.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,217 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,425 shares during the quarter. Federated Investors Inc. PA’s holdings in Skyworks Solutions were worth $1,172,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Cadence Capital Management LLC lifted its stake in Skyworks Solutions by 0.3% in the second quarter. Cadence Capital Management LLC now owns 7,687 shares of the semiconductor manufacturer’s stock worth $738,000 after acquiring an additional 21 shares during the period. Winslow Evans & Crocker Inc. lifted its stake 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 acquiring an additional 35 shares during the period. Montag A & Associates Inc. lifted its stake in Skyworks Solutions by 0.5% in the second quarter. Montag A & Associates Inc. now owns 9,108 shares of the semiconductor manufacturer’s stock worth $874,000 after acquiring an additional 41 shares during the period. Cleararc Capital Inc. lifted its stake 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 acquiring an additional 50 shares during the period. Finally, First National Bank of Hutchinson lifted its stake 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 acquiring an additional 70 shares during the period. 80.86% of the stock is owned by institutional investors.
In related news, insider Liam Griffin sold 2,610 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $99.98, for a total transaction of $260,947.80. Following the transaction, the insider now directly owns 50,408 shares in the company, valued at $5,039,791.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christine King sold 3,705 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were 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 in the company, valued at $1,777,591.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,371 shares of company stock worth $1,505,093. Corporate insiders own 0.49% of the company’s stock.
Shares of Skyworks Solutions, Inc. (SWKS) opened at 107.05 on Friday. Skyworks Solutions, Inc. has a 52 week low of $71.65 and a 52 week high of $112.11. The firm has a market capitalization of $19.67 billion, a price-to-earnings ratio of 20.55 and a beta of 0.81. The firm’s 50-day moving average price is $104.33 and its 200 day moving average price is $102.04.
Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $900.80 million for the quarter, compared to analyst estimates of $890.58 million. During the same period last year, the company earned $1.24 earnings per share. The business’s revenue was up 19.8% compared to the same quarter last year. On average, analysts anticipate that Skyworks Solutions, Inc. will post $6.39 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th were issued 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 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Friday, August 4th. Skyworks Solutions’s dividend payout ratio (DPR) is 24.57%.
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A number of equities analysts have commented on the stock. B. Riley reiterated a “buy” rating and issued a $120.00 target price on shares of Skyworks Solutions in a report on Monday, July 17th. BidaskClub upgraded shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. KeyCorp restated an “overweight” rating on shares of Skyworks Solutions in a report on Thursday. Barclays PLC restated an “overweight” rating on shares of Skyworks Solutions in a report on Friday, July 21st. Finally, Vetr downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $116.12 price target on the stock. in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. Skyworks Solutions presently has an average rating of “Buy” and a consensus price target of $111.83.
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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