HRT Financial LLC acquired a new stake in Skyworks Solutions Inc (NASDAQ:SWKS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,801 shares of the semiconductor manufacturer’s stock, valued at approximately $657,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SWKS. LSV Asset Management grew its stake in shares of Skyworks Solutions by 647.8% in the first quarter. LSV Asset Management now owns 50,100 shares of the semiconductor manufacturer’s stock valued at $5,023,000 after buying an additional 43,400 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Skyworks Solutions by 10.3% in the first quarter. Robeco Institutional Asset Management B.V. now owns 99,023 shares of the semiconductor manufacturer’s stock valued at $9,928,000 after buying an additional 9,207 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Skyworks Solutions by 2.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 651,016 shares of the semiconductor manufacturer’s stock valued at $65,271,000 after buying an additional 18,630 shares in the last quarter. American International Group Inc. grew its stake in shares of Skyworks Solutions by 2.5% in the first quarter. American International Group Inc. now owns 77,530 shares of the semiconductor manufacturer’s stock valued at $7,773,000 after buying an additional 1,865 shares in the last quarter. Finally, Aperio Group LLC grew its stake in shares of Skyworks Solutions by 19.8% in the first quarter. Aperio Group LLC now owns 75,634 shares of the semiconductor manufacturer’s stock valued at $7,583,000 after buying an additional 12,475 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on Skyworks Solutions from $85.00 to $87.00 and gave the company an “underweight” rating in a research note on Friday, July 20th. Cowen reaffirmed a “hold” rating and issued a $105.00 price objective (up from $100.00) on shares of Skyworks Solutions in a research note on Friday, July 20th. DA Davidson dropped their price objective on Skyworks Solutions to $125.00 and set a “buy” rating for the company in a research note on Friday, July 20th. B. Riley lifted their price objective on Skyworks Solutions from $116.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Finally, Craig Hallum reissued a “buy” rating and set a $120.00 target price (up from $115.00) on shares of Skyworks Solutions in a research note on Friday, July 20th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the stock. Skyworks Solutions presently has a consensus rating of “Buy” and an average price target of $114.84.

In other news, Director David J. Aldrich sold 10,000 shares of the company’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $93.03, for a total transaction of $930,300.00. Following the completion of the transaction, the director now directly owns 152,252 shares of the company’s stock, valued at approximately $14,164,003.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David J. Aldrich sold 3,000 shares of the company’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $88.78, for a total value of $266,340.00. Following the transaction, the director now directly owns 145,252 shares of the company’s stock, valued at $12,895,472.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,000 shares of company stock valued at $3,084,740. Insiders own 0.47% of the company’s stock.

SWKS opened at $87.21 on Friday. Skyworks Solutions Inc has a 12 month low of $83.05 and a 12 month high of $117.65. The firm has a market cap of $15.36 billion, a P/E ratio of 14.58, a P/E/G ratio of 0.95 and a beta of 0.57.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, July 19th. The semiconductor manufacturer reported $1.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.04. The firm had revenue of $894.30 million during the quarter, compared to analysts’ expectations of $889.00 million. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. Skyworks Solutions’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.57 EPS. analysts anticipate that Skyworks Solutions Inc will post 6.61 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Stockholders of record on Tuesday, August 7th were given a dividend of $0.38 per share. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.32. This represents a $1.52 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Monday, August 6th. Skyworks Solutions’s dividend payout ratio is currently 25.42%.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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

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