Mn Services Vermogensbeheer B.V. raised its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 506.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,044 shares of the semiconductor manufacturer’s stock after buying an additional 25,089 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Skyworks Solutions were worth $2,883,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of SWKS. Invictus RG purchased a new stake in Skyworks Solutions during the first quarter worth approximately $101,000. Winslow Evans & Crocker Inc. raised its position in shares of Skyworks Solutions by 5.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock valued at $103,000 after buying an additional 50 shares during the period. Tompkins Financial Corp bought a new position in shares of Skyworks Solutions during the first quarter valued at approximately $107,000. WFG Advisors LP increased its stake in Skyworks Solutions by 18.6% in the first quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock worth $113,000 after buying an additional 181 shares in the last quarter. Finally, TrimTabs Asset Management LLC increased its stake in Skyworks Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock worth $138,000 after buying an additional 664 shares in the last quarter. 81.19% of the stock is currently owned by institutional investors.
Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) traded up 1.56% during midday trading on Friday, hitting $103.18. The stock had a trading volume of 1,051,101 shares. Skyworks Solutions, Inc. has a one year low of $65.76 and a one year high of $112.11. The stock has a market cap of $18.96 billion, a PE ratio of 19.80 and a beta of 0.82. The firm has a 50 day moving average price of $102.58 and a 200 day moving average price of $100.04.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, topping the 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 quarter in the previous year, the company posted $1.24 earnings per share. The firm’s revenue was up 19.8% compared to the same quarter last year. On average, equities analysts forecast 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 will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th will be paid a $0.32 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, August 4th. Skyworks Solutions’s dividend payout ratio (DPR) is 24.57%.
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SWKS has been the topic of a number of recent research reports. Charter Equity reaffirmed a “buy” rating on shares of Skyworks Solutions in a research report on Saturday, April 29th. Mizuho reissued a “buy” rating on shares of Skyworks Solutions in a research report on Friday, April 28th. Canaccord Genuity increased their price objective on shares of Skyworks Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Needham & Company LLC reissued a “buy” rating and set a $108.00 price objective (up from $92.00) on shares of Skyworks Solutions in a research report on Friday, April 28th. Finally, Craig Hallum raised their price target on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, April 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $110.57.
In related news, insider Liam Griffin sold 8,056 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $105.31, for a total value of $848,377.36. Following the sale, 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 can be accessed through this link. Also, Director Christine King sold 3,500 shares of Skyworks Solutions stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $108.84, for a total value of $380,940.00. Following the completion of the sale, the director now owns 16,436 shares in the company, valued at $1,788,894.24. The disclosure for this sale can be found here. 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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