Shufro Rose & Co. LLC Holds Position in Skyworks Solutions, Inc. (SWKS)

Shufro Rose & Co. LLC held its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,100 shares of the semiconductor manufacturer’s stock at the end of the second quarter. Shufro Rose & Co. LLC’s holdings in Skyworks Solutions were worth $201,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Invictus RG bought a new position in shares of Skyworks Solutions during the first quarter valued at 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 worth $103,000 after buying an additional 50 shares during the period. WFG Advisors LP raised its position in shares of 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 during the period. TrimTabs Asset Management LLC raised its position in shares of 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 during the period. Finally, Pathstone Family Office LLC acquired a new position in shares of Skyworks Solutions during the first quarter worth about $177,000. 81.26% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions, Inc. (SWKS) opened at 102.21 on Friday. Skyworks Solutions, Inc. has a 12 month low of $65.76 and a 12 month high of $112.11. The firm has a market capitalization of $18.78 billion, a price-to-earnings ratio of 19.62 and a beta of 0.82. The firm has a 50 day moving average price of $103.08 and a 200-day moving average price of $100.50.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.05. The firm had revenue of $900.80 million for the quarter, compared to analyst estimates of $890.58 million. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The company’s revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 EPS. On average, equities analysts forecast that Skyworks Solutions, Inc. will post $6.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 4th. This represents a $1.28 dividend on an annualized basis and a yield of 1.25%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s dividend payout ratio (DPR) is 24.57%.

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A number of equities analysts have recently issued reports on the stock. B. Riley restated a “buy” rating and set a $120.00 target price on shares of Skyworks Solutions in a research report on Wednesday, May 3rd. Vetr lowered shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $113.85 target price on the stock. in a research report on Monday. BidaskClub upgraded shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Zacks Investment Research lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Northland Securities restated a “buy” rating and set a $115.00 target price on shares of Skyworks Solutions in a research report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. Skyworks Solutions currently has a consensus rating of “Buy” and an average price target of $110.43.

In other Skyworks Solutions news, insider Liam Griffin sold 8,056 shares of the firm’s 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 completion of the sale, the insider now owns 54,310 shares in the company, valued at approximately $5,719,386.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christine King sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was 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 of the company’s stock, valued at approximately $1,788,894.24. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

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

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