Dimensional Fund Advisors LP Acquires 190,000 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Dimensional Fund Advisors LP increased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,998,480 shares of the semiconductor manufacturer’s stock after purchasing an additional 190,000 shares during the period. Dimensional Fund Advisors LP’s holdings in Skyworks Solutions were worth $212,993,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SWKS. Pzena Investment Management LLC bought a new stake in shares of Skyworks Solutions in the 4th quarter valued at about $302,309,000. Norges Bank bought a new stake in Skyworks Solutions in the fourth quarter valued at approximately $226,266,000. Swedbank AB acquired a new stake in Skyworks Solutions during the 1st quarter valued at approximately $110,086,000. Vanguard Group Inc. increased its position in Skyworks Solutions by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock valued at $2,101,619,000 after purchasing an additional 745,374 shares during the period. Finally, KBC Group NV lifted its position in shares of Skyworks Solutions by 2,156.7% in the 4th quarter. KBC Group NV now owns 440,372 shares of the semiconductor manufacturer’s stock worth $49,506,000 after purchasing an additional 420,858 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $96.23 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75. The firm’s 50-day simple moving average is $107.52 and its 200 day simple moving average is $103.11. The stock has a market cap of $15.37 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 4.56 and a beta of 1.21. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $120.86.

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 the consensus estimate of $1.21. The company had revenue of $905.50 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.50 earnings per share. As a group, research analysts anticipate that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were issued a $0.70 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.91%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio is currently 52.63%.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the sale, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Reza Kasnavi sold 1,843 shares of the business’s 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 transaction, the senior vice president now directly 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 Securities & Exchange Commission, which is available through this link. Also, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the sale, the senior vice president now owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. The disclosure for this sale can be found here. Insiders have sold 12,068 shares of company stock valued at $1,252,490 over the last ninety days. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SWKS shares. Stifel Nicolaus increased their price objective on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group raised Skyworks Solutions to a “hold” rating in a research report on Wednesday, July 31st. B. Riley upgraded Skyworks Solutions from a “neutral” rating to a “buy” rating and upped their target price for the company from $96.00 to $130.00 in a research report on Thursday, June 20th. Craig Hallum lifted their target price on Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. boosted their price target on Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.