Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board decreased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 37.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,848 shares of the semiconductor manufacturer’s stock after selling 81,932 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Skyworks Solutions were worth $14,585,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. BNP Paribas acquired a new stake in Skyworks Solutions during the 1st quarter valued at approximately $27,000. Innealta Capital LLC acquired a new position in Skyworks Solutions during the second quarter valued at $27,000. Rothschild Investment LLC purchased a new stake in Skyworks Solutions in the second quarter valued at $27,000. Access Investment Management LLC purchased a new stake in Skyworks Solutions in the first quarter valued at $31,000. Finally, Blue Trust Inc. grew its position in 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 during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SWKS. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Susquehanna restated a “neutral” rating and issued a $125.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, July 31st. The Goldman Sachs Group raised shares of Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Craig Hallum lifted their price objective on shares of Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $114.18.

Skyworks Solutions Stock Up 0.4 %

Shares of SWKS opened at $98.11 on Tuesday. The stock has a 50 day moving average price of $106.37 and a 200 day moving average price of $102.92. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $120.86. 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 stock has a market capitalization of $15.74 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 4.56 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS) last released 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 business had revenue of $905.50 million during 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%. The company’s revenue for the quarter 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. Equities research analysts forecast that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were issued a $0.70 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, August 20th. This represents a $2.80 dividend on an annualized basis and a yield of 2.85%. Skyworks Solutions’s dividend payout ratio is presently 52.63%.

Insiders Place Their Bets

In other 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 value of $54,240.00. Following the completion of the sale, the vice president now directly owns 9,112 shares in the company, valued at $1,093,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Philip Matthew Carter sold 452 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were 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 of the company’s stock, valued at approximately $1,093,440. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction 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 disclosure for this sale can be found here. Insiders have sold 12,068 shares of company stock valued at $1,252,490 in the last ninety days. 0.34% of the stock is currently owned by corporate insiders.

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.