Blair William & Co. IL Lowers Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Blair William & Co. IL decreased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,129 shares of the semiconductor manufacturer’s stock after selling 255 shares during the quarter. Blair William & Co. IL’s holdings in Skyworks Solutions were worth $333,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC lifted its stake in Skyworks Solutions by 4.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor manufacturer’s stock worth $239,000 after purchasing an additional 87 shares in the last quarter. HB Wealth Management LLC lifted its stake in Skyworks Solutions by 3.0% in the 1st quarter. HB Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock worth $349,000 after purchasing an additional 94 shares in the last quarter. AlphaMark Advisors LLC lifted its stake in Skyworks Solutions by 14.8% in the 2nd quarter. AlphaMark Advisors LLC now owns 777 shares of the semiconductor manufacturer’s stock worth $83,000 after purchasing an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Skyworks Solutions by 0.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,776 shares of the semiconductor manufacturer’s stock worth $1,468,000 after purchasing an additional 100 shares in the last quarter. Finally, Zega Financial LLC increased its holdings in shares of Skyworks Solutions by 5.0% in the 2nd quarter. Zega Financial LLC now owns 2,100 shares of the semiconductor manufacturer’s stock worth $224,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Activity at Skyworks Solutions

In related news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total value of $54,240.00. Following the sale, the vice president now directly 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 through this hyperlink. In other news, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Philip Matthew Carter sold 452 shares of the stock in a transaction dated 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 $1,093,440. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,068 shares of company stock valued at $1,252,490. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Stock Up 3.0 %

SWKS stock opened at $100.07 on Friday. 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 company has a market cap of $15.98 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 4.63 and a beta of 1.21. The company has a fifty day moving average price of $105.20 and a 200 day moving average price of $102.81. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data 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 net margin of 17.85% and a return on equity of 15.41%. Skyworks Solutions’s revenue was down 15.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.50 EPS. Sell-side analysts expect that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current year.

Skyworks Solutions Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on SWKS shares. Susquehanna restated a “neutral” rating and issued a $125.00 target price on shares of Skyworks Solutions in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price 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. B. Riley upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $96.00 to $130.00 in a report on Thursday, June 20th. TD Cowen boosted their target price on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus upped their price target on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $114.18.

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.