Mercer Global Advisors Inc. ADV Buys 1,966 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Mercer Global Advisors Inc. ADV raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,508 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,966 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Skyworks Solutions were worth $2,704,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SWKS. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Stifel Nicolaus increased their price objective on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. B. Riley upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and lifted their target price for the company from $96.00 to $130.00 in a research report on Thursday, June 20th. Rosenblatt Securities increased their price target on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird lifted their price objective on Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus target price of $114.18.

Insider Activity

In related news, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the completion of the sale, the vice president now directly owns 9,564 shares in the company, valued at $1,052,040. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $110.00, for a total value of $49,720.00. Following the transaction, the vice president now directly owns 9,564 shares of the company’s stock, valued at $1,052,040. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Carlos S. Bori sold 9,321 shares of the company’s stock in a transaction on Friday, September 13th. The shares were 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 90 days. 0.34% of the stock is owned by company insiders.

Skyworks Solutions Stock Down 1.7 %

Shares of NASDAQ SWKS opened at $97.76 on Monday. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $120.86. The firm’s 50-day simple moving average is $106.72 and its 200 day simple moving average is $102.99. 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 company has a market cap of $15.69 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 4.56 and a beta of 1.21.

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, hitting analysts’ consensus estimates of $1.21. The company had revenue of $905.50 million for the quarter, compared to analyst estimates of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. Skyworks Solutions’s quarterly revenue was down 15.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.50 earnings per share. On average, research analysts expect 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 given a dividend of $0.70 per share. 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 an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s payout ratio is presently 52.63%.

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.