Andra AP fonden Boosts Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Andra AP fonden lifted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 338,000 shares of the semiconductor manufacturer’s stock after purchasing an additional 12,500 shares during the period. Andra AP fonden owned about 0.21% of Skyworks Solutions worth $36,024,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC raised its stake in shares of Skyworks Solutions by 26.5% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 2,496 shares of the semiconductor manufacturer’s stock worth $266,000 after buying an additional 523 shares during the period. Global X Japan Co. Ltd. raised its position in Skyworks Solutions by 48.6% during the second quarter. Global X Japan Co. Ltd. now owns 18,625 shares of the semiconductor manufacturer’s stock worth $1,985,000 after acquiring an additional 6,093 shares during the period. Choreo LLC lifted its holdings in Skyworks Solutions by 128.5% during the second quarter. Choreo LLC now owns 8,903 shares of the semiconductor manufacturer’s stock valued at $948,000 after purchasing an additional 5,007 shares in the last quarter. Prudential PLC grew its position in shares of Skyworks Solutions by 161.6% in the second quarter. Prudential PLC now owns 4,845 shares of the semiconductor manufacturer’s stock valued at $516,000 after purchasing an additional 2,993 shares during the period. Finally, Koss Olinger Consulting LLC purchased a new stake in shares of Skyworks Solutions during the second quarter worth about $281,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of SWKS opened at $99.81 on Tuesday. The firm has a 50-day simple moving average of $108.24 and a two-hundred day simple moving average of $103.29. The stock has a market cap of $15.94 billion, a PE ratio of 18.76, a P/E/G ratio of 4.64 and a beta of 1.21. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $120.86. 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 (NASDAQ:SWKS) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $900.41 million. During the same quarter in the previous year, the company earned $1.50 earnings per share. The firm’s quarterly revenue was down 15.5% compared to the same quarter last year. As a group, analysts forecast that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Tuesday, August 20th. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio (DPR) is currently 52.63%.

Insiders Place Their Bets

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 value of $198,067.21. Following the completion of the transaction, the senior vice president now owns 17,455 shares in the company, valued at approximately $1,875,888.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction 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 transaction, the vice president now owns 9,564 shares of the company’s stock, valued at $1,052,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $198,067.21. Following the sale, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at $1,875,888.85. The disclosure for this sale can be found here. Insiders sold a total of 2,747 shares of company stock worth $302,027 over the last 90 days. Corporate insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. TD Cowen raised their target price on Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” 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. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Finally, Rosenblatt Securities lifted their target price on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and an average target price of $113.94.

Skyworks Solutions Company 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.