Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Choreo LLC

Choreo LLC grew its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 128.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,903 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,007 shares during the period. Choreo LLC’s holdings in Skyworks Solutions were worth $948,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas acquired a new stake in Skyworks Solutions in the 1st quarter worth about $27,000. Innealta Capital LLC purchased a new position in shares of Skyworks Solutions in the 2nd quarter worth $27,000. Rothschild Investment LLC acquired a new position in Skyworks Solutions in the second quarter valued at $27,000. Access Investment Management LLC purchased a new stake in Skyworks Solutions during the first quarter valued at about $31,000. Finally, Blue Trust Inc. increased its stake in Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 149 shares during the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SWKS shares. Susquehanna reiterated a “neutral” rating and set a $125.00 target price on shares of Skyworks Solutions in a report on Wednesday, July 31st. Rosenblatt Securities boosted their price objective on Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Craig Hallum boosted their price target on Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Barclays increased their price objective on shares of Skyworks Solutions from $85.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $113.94.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $100.44 on Friday. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. The firm has a 50-day simple moving average of $107.96 and a 200 day simple moving average of $103.23. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $120.86. The company has a market cap of $16.12 billion, a PE ratio of 18.88, a P/E/G ratio of 4.64 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) 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 business had revenue of $905.50 million for the quarter, compared to the consensus estimate of $900.41 million. During the same quarter last year, the business posted $1.50 EPS. The business’s revenue was down 15.5% on a year-over-year basis. On average, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.70 per share. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.79%. Skyworks Solutions’s payout ratio is 52.63%.

Insider Transactions at Skyworks Solutions

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

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.