TIAA CREF Investment Management LLC raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,085,955 shares of the semiconductor manufacturer’s stock after purchasing an additional 22,889 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.59% of Skyworks Solutions worth $104,197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invictus RG acquired a new position in shares of Skyworks Solutions in the 1st quarter valued at $101,000. Winslow Evans & Crocker Inc. boosted its holdings in shares of Skyworks Solutions by 3.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock valued at $104,000 after purchasing an additional 35 shares during the last quarter. WFG Advisors LP boosted its holdings in shares of Skyworks Solutions by 18.6% in the 1st quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock valued at $113,000 after purchasing an additional 181 shares during the last quarter. TrimTabs Asset Management LLC boosted its holdings in shares of Skyworks Solutions by 89.0% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock valued at $138,000 after purchasing an additional 664 shares during the last quarter. Finally, Pathstone Family Office LLC acquired a new position in shares of Skyworks Solutions in the 1st quarter valued at $177,000. Institutional investors own 80.86% of the company’s stock.

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In related news, Director Christine King sold 3,705 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total transaction of $395,768.10. Following the completion of the sale, the director now owns 16,641 shares in the company, valued at approximately $1,777,591.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Liam Griffin sold 2,610 shares of the 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 sale, the insider now owns 50,408 shares of the company’s stock, valued at approximately $5,039,791.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,371 shares of company stock valued at $1,505,093. Corporate insiders own 0.49% of the company’s stock.

Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at 107.05 on Friday. The firm has a market capitalization of $19.67 billion, a price-to-earnings ratio of 20.55 and a beta of 0.81. Skyworks Solutions, Inc. has a 12-month low of $71.65 and a 12-month high of $112.11. The stock has a 50 day moving average of $104.33 and a 200 day moving average of $102.04.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.05. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The company had revenue of $900.80 million during the quarter, compared to analysts’ expectations of $890.58 million. During the same quarter in the prior year, the company posted $1.24 EPS. The business’s revenue was up 19.8% on a year-over-year basis. Equities research analysts anticipate that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th were paid a $0.32 dividend. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, August 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.20%. Skyworks Solutions’s dividend payout ratio is currently 24.57%.

SWKS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a report on Monday, August 28th. Vetr raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $114.47 target price on the stock in a research note on Tuesday, August 29th. ValuEngine downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. BMO Capital Markets reissued a “hold” rating and issued a $100.00 target price on shares of Skyworks Solutions in a research note on Friday, July 21st. Finally, Pacific Crest reissued an “overweight” rating and issued a $120.00 target price on shares of Skyworks Solutions in a research note on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $111.83.

Skyworks Solutions 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.

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

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