Sigma Planning Corp Has $2.47 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Sigma Planning Corp raised its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 22.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,861 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,317 shares during the quarter. Sigma Planning Corp’s holdings in Skyworks Solutions were worth $2,466,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SWKS. FMR LLC lifted its stake in shares of Skyworks Solutions by 12.6% in the second quarter. FMR LLC now owns 3,631,307 shares of the semiconductor manufacturer’s stock worth $696,304,000 after buying an additional 406,414 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Skyworks Solutions by 0.9% in the second quarter. Geode Capital Management LLC now owns 3,030,016 shares of the semiconductor manufacturer’s stock worth $579,453,000 after buying an additional 28,449 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Skyworks Solutions by 16.4% in the first quarter. Allianz Asset Management GmbH now owns 1,568,162 shares of the semiconductor manufacturer’s stock worth $287,726,000 after buying an additional 221,513 shares during the last quarter. London Co. of Virginia lifted its stake in shares of Skyworks Solutions by 0.6% in the first quarter. London Co. of Virginia now owns 1,509,032 shares of the semiconductor manufacturer’s stock worth $276,877,000 after buying an additional 9,249 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Skyworks Solutions by 3.3% in the second quarter. Legal & General Group Plc now owns 1,451,120 shares of the semiconductor manufacturer’s stock worth $278,252,000 after buying an additional 46,115 shares during the last quarter. Hedge funds and other institutional investors own 74.01% of the company’s stock.

SWKS has been the subject of a number of analyst reports. Credit Suisse Group restated a “buy” rating and issued a $380.00 price objective on shares of Skyworks Solutions in a research note on Friday, July 30th. B. Riley boosted their price objective on shares of Skyworks Solutions from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, July 30th. Robert W. Baird lowered shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $220.00 to $165.00 in a research report on Wednesday. Mizuho boosted their target price on shares of Skyworks Solutions from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, July 30th. Finally, Susquehanna Bancshares reaffirmed a “hold” rating and set a $195.00 target price on shares of Skyworks Solutions in a research report on Friday, July 30th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Buy” and an average price target of $206.09.

Shares of Skyworks Solutions stock opened at $155.22 on Thursday. The firm has a market capitalization of $25.63 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 0.99 and a beta of 1.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 7.82 and a quick ratio of 6.42. The company’s fifty day moving average price is $175.40 and its two-hundred day moving average price is $178.98. Skyworks Solutions, Inc. has a 52-week low of $134.28 and a 52-week high of $204.00.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Thursday, July 29th. The semiconductor manufacturer reported $2.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.14 by $0.01. Skyworks Solutions had a net margin of 29.84% and a return on equity of 31.74%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. Analysts predict that Skyworks Solutions, Inc. will post 9.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 7th. Stockholders of record on Tuesday, August 17th were issued a $0.56 dividend. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, August 16th. This represents a $2.24 annualized dividend and a dividend yield of 1.44%. Skyworks Solutions’s dividend payout ratio is presently 42.99%.

In other news, SVP Carlos S. Bori sold 9,247 shares of the company’s stock in a transaction dated Wednesday, September 1st. The shares were sold at an average price of $184.07, for a total value of $1,702,095.29. Following the sale, the senior vice president now owns 23,534 shares of the company’s stock, valued at approximately $4,331,903.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy R. Furey sold 2,000 shares of the company’s stock in a transaction dated Friday, August 6th. The stock was sold at an average price of $186.05, for a total transaction of $372,100.00. Following the completion of the sale, the director now directly owns 18,758 shares in the company, valued at approximately $3,489,925.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,534 shares of company stock worth $8,912,599. 0.38% of the stock is owned by insiders.

About Skyworks Solutions

Skyworks Solutions, Inc engages in the design, development, and manufacture of proprietary semiconductor products. Its product portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, synthesizers, power dividers and combiners, receivers, switches, and technical ceramics.

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

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