Diversified Trust Co Trims Position in Skyworks Solutions Inc (NASDAQ:SWKS)

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Diversified Trust Co lowered its position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 27.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,547 shares of the semiconductor manufacturer’s stock after selling 6,323 shares during the period. Diversified Trust Co’s holdings in Skyworks Solutions were worth $1,599,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Skyworks Solutions by 0.7% in the 1st quarter. BlackRock Inc. now owns 13,301,161 shares of the semiconductor manufacturer’s stock valued at $1,333,577,000 after purchasing an additional 94,801 shares in the last quarter. Northern Trust Corp lifted its position in shares of Skyworks Solutions by 0.3% during the 1st quarter. Northern Trust Corp now owns 2,311,647 shares of the semiconductor manufacturer’s stock valued at $231,766,000 after acquiring an additional 6,158 shares during the period. Old Mutual Global Investors UK Ltd. lifted its position in shares of Skyworks Solutions by 12.2% during the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 2,173,301 shares of the semiconductor manufacturer’s stock valued at $217,895,000 after acquiring an additional 236,320 shares during the period. Manning & Napier Group LLC lifted its position in shares of Skyworks Solutions by 2.0% during the 2nd quarter. Manning & Napier Group LLC now owns 1,451,579 shares of the semiconductor manufacturer’s stock valued at $140,293,000 after acquiring an additional 28,220 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Skyworks Solutions by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,074,476 shares of the semiconductor manufacturer’s stock worth $107,727,000 after purchasing an additional 29,615 shares during the last quarter. Institutional investors and hedge funds own 81.42% of the company’s stock.

Several research analysts recently issued reports on SWKS shares. Craig Hallum restated a “buy” rating and set a $120.00 price objective (up from $115.00) on shares of Skyworks Solutions in a research report on Friday, July 20th. Longbow Research began coverage on Skyworks Solutions in a research report on Wednesday, May 16th. They set a “buy” rating and a $120.00 price objective for the company. KeyCorp cut their price target on Skyworks Solutions from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, May 4th. ValuEngine downgraded Skyworks Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, Mizuho cut shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and set a $110.00 price objective for the company. in a research note on Tuesday, April 24th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $115.26.

NASDAQ:SWKS opened at $92.72 on Wednesday. The stock has a market capitalization of $16.66 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.03 and a beta of 0.56. Skyworks Solutions Inc has a 1-year low of $86.13 and a 1-year high of $117.65.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, July 19th. The semiconductor manufacturer reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $894.30 million for the quarter, compared to analyst estimates of $889.00 million. Skyworks Solutions had a net margin of 23.78% and a return on equity of 30.31%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.57 EPS. equities research analysts predict that Skyworks Solutions Inc will post 6.61 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 28th. Stockholders of record on Tuesday, August 7th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Monday, August 6th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.32. Skyworks Solutions’s dividend payout ratio is 25.42%.

In other news, Director David J. Aldrich sold 10,000 shares of the company’s stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $95.92, for a total value of $959,200.00. Following the sale, the director now owns 152,252 shares in the company, valued at approximately $14,604,011.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Skyworks Solutions Company 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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