Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 25.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,280,219 shares of the semiconductor manufacturer’s stock after selling 1,099,825 shares during the quarter. Victory Capital Management Inc.’s holdings in Skyworks Solutions were worth $349,606,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC raised its position in Skyworks Solutions by 4.0% during the second quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor manufacturer’s stock valued at $239,000 after acquiring an additional 87 shares in the last quarter. HB Wealth Management LLC raised its position in Skyworks Solutions by 3.0% during the first quarter. HB Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock valued at $349,000 after acquiring an additional 94 shares in the last quarter. Albert D Mason Inc. raised its position in Skyworks Solutions by 0.7% during the first quarter. Albert D Mason Inc. now owns 14,591 shares of the semiconductor manufacturer’s stock valued at $1,581,000 after acquiring an additional 99 shares in the last quarter. Lcnb Corp raised its position in Skyworks Solutions by 2.4% during the fourth quarter. Lcnb Corp now owns 4,355 shares of the semiconductor manufacturer’s stock valued at $490,000 after acquiring an additional 100 shares in the last quarter. Finally, AlphaMark Advisors LLC raised its position in Skyworks Solutions by 14.8% during the second quarter. AlphaMark Advisors LLC now owns 777 shares of the semiconductor manufacturer’s stock valued at $83,000 after acquiring an additional 100 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $101.64 on Friday. The stock’s 50-day moving average is $108.53 and its two-hundred day moving average is $103.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $120.86. The company has a market cap of $16.23 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 4.81 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, hitting the consensus estimate of $1.21. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The company had revenue of $905.50 million for the quarter, compared to the consensus estimate of $900.41 million. During the same quarter in the prior year, the business earned $1.50 EPS. Skyworks Solutions’s revenue was down 15.5% on a year-over-year basis. Analysts forecast that Skyworks Solutions, Inc. will post 5.21 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be given a dividend of $0.70 per share. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio is currently 52.63%.

Insider Transactions at Skyworks Solutions

In related news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the completion of the transaction, the vice president now directly owns 9,564 shares of the company’s stock, valued at $1,052,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $107.47, for a total transaction of $198,067.21. Following the sale, the senior vice president now owns 17,455 shares in the company, valued at $1,875,888.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the sale, the vice president now owns 9,564 shares in the company, valued at approximately $1,052,040. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,747 shares of company stock valued at $302,027. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

SWKS has been the subject of several recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Stifel Nicolaus boosted their price objective on Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a research report on Wednesday, July 31st. Susquehanna restated a “neutral” rating and issued a $125.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Finally, TD Cowen boosted their price objective on Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $113.94.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.