Institute for Wealth Management LLC. Purchases 336 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Institute for Wealth Management LLC. lifted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,298 shares of the semiconductor manufacturer’s stock after purchasing an additional 336 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Skyworks Solutions were worth $671,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. BNP Paribas purchased a new stake in Skyworks Solutions during the first quarter valued at approximately $27,000. Access Investment Management LLC purchased a new stake in Skyworks Solutions during the 1st quarter valued at $31,000. Blue Trust Inc. lifted its position in Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 149 shares during the last quarter. ST Germain D J Co. Inc. boosted its stake in Skyworks Solutions by 60.5% during the first quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock worth $37,000 after buying an additional 130 shares during the period. Finally, Vestor Capital LLC bought a new position in Skyworks Solutions during the fourth quarter valued at $43,000. Institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Rosenblatt Securities boosted their target price on Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Citigroup reduced their price target on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a report on Thursday, May 2nd. Stifel Nicolaus boosted their price objective on Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company decreased their target price on Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and an average price target of $113.94.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the sale, the director now directly owns 60,881 shares in the company, valued at $5,495,727.87. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Skyworks Solutions 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 completion of the sale, the senior vice president now owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert A. Schriesheim sold 25,433 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the transaction, the director now directly owns 60,881 shares in the company, valued at $5,495,727.87. The disclosure for this sale can be found here. Insiders sold 28,180 shares of company stock valued at $2,597,864 in the last quarter. 0.34% of the stock is currently owned by corporate insiders.

Skyworks Solutions Stock Up 3.8 %

Shares of SWKS traded up $4.03 during trading hours on Friday, hitting $109.21. The company had a trading volume of 2,044,717 shares, compared to its average volume of 2,542,844. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $120.86. The company’s fifty day moving average price is $108.55 and its two-hundred day moving average price is $103.28. The company has a market capitalization of $17.44 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 4.94 and a beta of 1.23. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.21. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The firm had revenue of $905.50 million for the quarter, compared to the consensus estimate of $900.41 million. During the same quarter in the previous year, the firm earned $1.50 EPS. The company’s quarterly revenue was down 15.5% compared to the same quarter last year. As a group, equities analysts forecast that Skyworks Solutions, Inc. will post 5.21 earnings per share 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 issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Tuesday, August 20th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio is currently 52.63%.

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.