Royal London Asset Management Ltd. Sells 256 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Royal London Asset Management Ltd. reduced its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,598 shares of the semiconductor manufacturer’s stock after selling 256 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Skyworks Solutions were worth $6,565,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SWKS. Dorsey & Whitney Trust CO LLC raised its stake in shares of Skyworks Solutions by 26.5% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 2,496 shares of the semiconductor manufacturer’s stock valued at $266,000 after buying an additional 523 shares during the period. Global X Japan Co. Ltd. grew 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 buying an additional 6,093 shares in the last quarter. Choreo LLC grew its position in Skyworks Solutions by 128.5% during the second quarter. Choreo LLC now owns 8,903 shares of the semiconductor manufacturer’s stock worth $948,000 after buying an additional 5,007 shares in the last quarter. Prudential PLC grew its position in Skyworks Solutions by 161.6% during the second quarter. Prudential PLC now owns 4,845 shares of the semiconductor manufacturer’s stock worth $516,000 after buying an additional 2,993 shares in the last quarter. Finally, Koss Olinger Consulting LLC purchased a new position in Skyworks Solutions during the second quarter worth about $281,000. 85.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the transaction, the senior vice president now owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total transaction of $54,240.00. Following the transaction, the vice president now owns 9,112 shares in the company, valued at approximately $1,093,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carlos S. Bori sold 9,321 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the transaction, the senior vice president now owns 37,203 shares in the company, valued at approximately $3,793,589.91. The disclosure for this sale can be found here. Insiders sold 12,068 shares of company stock valued at $1,252,490 in the last 90 days. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Trading Up 2.0 %

NASDAQ SWKS opened at $102.47 on Friday. The stock has a 50-day moving average of $107.89 and a 200-day moving average of $103.22. The firm has a market cap of $16.37 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 4.78 and a beta of 1.21. 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, Inc. has a 1-year low of $85.06 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates of $1.21. The business had revenue of $905.50 million during the quarter, compared to analyst estimates of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. Skyworks Solutions’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 EPS. As a group, sell-side 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 was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.70 per share. This is a positive change 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 dividend on an annualized basis and a yield of 2.73%. Skyworks Solutions’s dividend payout ratio is presently 52.63%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SWKS. Craig Hallum boosted their target price on Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Susquehanna reiterated a “neutral” rating and issued a $125.00 price objective on shares of Skyworks Solutions in a report on Wednesday, July 31st. Finally, B. Riley upgraded Skyworks Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $96.00 to $130.00 in a report on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $113.94.

About Skyworks Solutions

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.