Barrow Hanley Mewhinney & Strauss LLC Cuts Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Barrow Hanley Mewhinney & Strauss LLC lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 80.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 717,541 shares of the semiconductor manufacturer’s stock after selling 2,894,395 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Skyworks Solutions were worth $76,476,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Pacer Advisors Inc. grew its stake in Skyworks Solutions by 54.9% during the 2nd quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock worth $370,768,000 after purchasing an additional 1,233,618 shares in the last quarter. Swedbank AB acquired a new position in shares of Skyworks Solutions during the first quarter worth about $110,086,000. Vanguard Group Inc. increased its stake in shares of Skyworks Solutions by 4.0% during the first quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock worth $2,101,619,000 after buying an additional 745,374 shares during the period. Pzena Investment Management LLC increased its stake in shares of Skyworks Solutions by 27.5% during the first quarter. Pzena Investment Management LLC now owns 3,429,148 shares of the semiconductor manufacturer’s stock worth $371,445,000 after buying an additional 740,048 shares during the period. Finally, KBC Group NV raised its holdings in Skyworks Solutions by 2,156.7% in the fourth quarter. KBC Group NV now owns 440,372 shares of the semiconductor manufacturer’s stock valued at $49,506,000 after acquiring an additional 420,858 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Transactions at Skyworks Solutions

In related news, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions 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 approximately $1,875,888.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Reza Kasnavi sold 1,843 shares of the firm’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 completion of the sale, the senior vice president now owns 17,455 shares in the company, valued at $1,875,888.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Philip Matthew Carter sold 452 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the transaction, the vice president now owns 9,564 shares in the company, valued at approximately $1,052,040. The disclosure for this sale can be found here. Insiders sold 12,068 shares of company stock worth $1,252,490 over the last 90 days. 0.34% of the stock is currently owned by insiders.

Skyworks Solutions Stock Down 1.7 %

Shares of NASDAQ:SWKS opened at $97.76 on Friday. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. The stock has a market cap of $15.69 billion, a P/E ratio of 18.38, a P/E/G ratio of 4.56 and a beta of 1.21. The firm has a fifty day moving average price of $106.72 and a 200 day moving average price of $103.00.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, hitting the consensus estimate of $1.21. The business had revenue of $905.50 million during the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The business’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 earnings per share. Sell-side analysts predict that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The business 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 of this dividend was Tuesday, August 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.86%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s payout ratio is presently 52.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SWKS shares. Bank of America increased their price objective on shares of Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Wednesday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Susquehanna reaffirmed a “neutral” rating and set a $125.00 price target on shares of Skyworks Solutions in a report on Wednesday, July 31st. Barclays increased their price objective on Skyworks Solutions from $85.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Finally, Stifel Nicolaus boosted their target price on Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $114.18.

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.