Commerzbank Aktiengesellschaft FI reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 71.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,366 shares of the semiconductor manufacturer’s stock after selling 26,017 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Skyworks Solutions were worth $995,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Waldron LP lifted its position in Skyworks Solutions by 5.7% in the first quarter. Waldron LP now owns 3,076 shares of the semiconductor manufacturer’s stock valued at $301,000 after acquiring an additional 165 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Skyworks Solutions by 2,159.1% in the first quarter. Canada Pension Plan Investment Board now owns 11,612 shares of the semiconductor manufacturer’s stock valued at $1,138,000 after acquiring an additional 11,098 shares during the last quarter. Chicago Equity Partners LLC purchased a new stake in Skyworks Solutions in the first quarter valued at $828,000. Empire Life Investments Inc. purchased a new stake in Skyworks Solutions in the first quarter valued at $9,031,000. Finally, Brick & Kyle Associates lifted its position in Skyworks Solutions by 1.9% in the first quarter. Brick & Kyle Associates now owns 12,850 shares of the semiconductor manufacturer’s stock valued at $1,259,000 after acquiring an additional 244 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.
In other news, Director Christine King sold 3,705 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total value of $395,768.10. Following the transaction, the director now directly owns 16,641 shares of the company’s stock, valued at $1,777,591.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Liam Griffin sold 2,610 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $99.98, for a total transaction of $260,947.80. Following the completion of the transaction, the insider now directly owns 50,408 shares in the company, valued at $5,039,791.84. The disclosure for this sale can be found here. Insiders sold a total of 14,371 shares of company stock worth $1,505,093 in the last ninety days. Corporate insiders own 0.49% of the company’s stock.
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Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at 103.08 on Friday. The stock has a market cap of $18.94 billion, a P/E ratio of 19.79 and a beta of 0.81. Skyworks Solutions, Inc. has a one year low of $71.65 and a one year high of $112.11. The firm has a 50 day moving average of $104.54 and a 200 day moving average of $102.42.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.05. The company had revenue of $900.80 million for the quarter, compared to analysts’ expectations of $890.58 million. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The business’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS. On average, equities research analysts predict that Skyworks Solutions, Inc. will post $6.39 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th were paid a $0.32 dividend. The ex-dividend date was Friday, August 4th. This represents a $1.28 annualized dividend and a dividend yield of 1.24%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s payout ratio is currently 24.57%.
A number of equities research analysts recently weighed in on SWKS shares. Craig Hallum boosted their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Mizuho boosted their price target on shares of Skyworks Solutions from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 21st. B. Riley reissued a “buy” rating and issued a $120.00 price target on shares of Skyworks Solutions in a research report on Monday, July 17th. Vetr cut shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $116.12 price target for the company. in a research report on Monday, July 17th. Finally, Argus started coverage on shares of Skyworks Solutions in a research report on Thursday, July 6th. They issued a “buy” rating and a $120.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $111.82.
Skyworks Solutions Profile
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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