ShearLink Capital LLC reduced its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 21.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 126,605 shares of the semiconductor manufacturer’s stock after selling 34,100 shares during the quarter. Skyworks Solutions comprises approximately 5.3% of ShearLink Capital LLC’s investment portfolio, making the stock its 10th largest position. ShearLink Capital LLC owned about 0.07% of Skyworks Solutions worth $12,148,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invictus RG acquired a new position in Skyworks Solutions in the 1st quarter valued at $101,000. Winslow Evans & Crocker Inc. raised its stake in 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 raised its stake in 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 raised its stake in 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 Skyworks Solutions in the 1st quarter valued at $177,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

SWKS has been the subject of several recent research reports. Vetr raised Skyworks Solutions from a “hold” rating to a “buy” rating and set a $113.68 price objective for the company in a research note on Monday, June 12th. Instinet initiated coverage on Skyworks Solutions in a report on Wednesday, September 6th. They issued a “buy” rating and a $115.00 target price for the company. BidaskClub upgraded Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Argus initiated coverage on Skyworks Solutions in a report on Thursday, July 6th. They issued a “buy” rating and a $120.00 target price for the company. Finally, Zacks Investment Research cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $111.82.

Skyworks Solutions, Inc. (NASDAQ SWKS) traded down 1.46% during midday trading on Thursday, reaching $102.00. The company’s stock had a trading volume of 685,961 shares. The company has a market capitalization of $18.74 billion, a P/E ratio of 19.58 and a beta of 0.81. Skyworks Solutions, Inc. has a 1-year low of $71.65 and a 1-year high of $112.11. The company has a 50 day moving average of $104.54 and a 200-day moving average of $102.42.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $890.58 million. During the same quarter in the prior year, the business earned $1.24 earnings per share. The company’s revenue was up 19.8% compared to the same quarter last year. Equities research analysts anticipate that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th were given a $0.32 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, August 4th. This represents a $1.28 annualized dividend and a dividend yield of 1.24%. Skyworks Solutions’s dividend payout ratio is presently 24.57%.

In other news, insider Liam Griffin sold 8,056 shares of the company’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 completion of the sale, the insider now owns 54,310 shares of the company’s stock, valued at $5,719,386.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christine King sold 3,705 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total value of $395,768.10. Following the completion of the sale, the director now directly owns 16,641 shares of the company’s stock, valued at approximately $1,777,591.62. The disclosure for this sale can be found here. Insiders sold 14,371 shares of company stock valued at $1,505,093 in the last ninety days. Company insiders own 0.49% of the company’s stock.

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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.

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

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