Systematic Financial Management LP Reduces Stake in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Systematic Financial Management LP lowered its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,370 shares of the semiconductor manufacturer’s stock after selling 210 shares during the quarter. Systematic Financial Management LP’s holdings in Skyworks Solutions were worth $1,425,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Creative Planning lifted its holdings in Skyworks Solutions by 1.4% in the 2nd quarter. Creative Planning now owns 144,602 shares of the semiconductor manufacturer’s stock worth $15,412,000 after buying an additional 2,026 shares during the period. Aviso Wealth Management lifted its stake in shares of Skyworks Solutions by 20.8% in the 2nd quarter. Aviso Wealth Management now owns 24,293 shares of the semiconductor manufacturer’s stock valued at $2,589,000 after purchasing an additional 4,179 shares during the period. Vulcan Value Partners LLC lifted its stake in shares of Skyworks Solutions by 38.8% in the 2nd quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock valued at $481,552,000 after purchasing an additional 1,262,964 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Skyworks Solutions by 43.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 146,968 shares of the semiconductor manufacturer’s stock valued at $15,664,000 after purchasing an additional 44,662 shares during the period. Finally, MBB Public Markets I LLC purchased a new position in shares of Skyworks Solutions in the 2nd quarter valued at approximately $987,000. 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 Skyworks Solutions stock in a transaction on 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 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, SVP Carlos S. Bori sold 9,321 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the transaction, the senior vice president now directly owns 37,203 shares in the company, valued at $3,793,589.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $54,240.00. Following the completion of 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. Over the last three months, insiders have sold 12,068 shares of company stock worth $1,252,490. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Robert W. Baird raised their target price on Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Craig Hallum raised their target price on Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group raised Skyworks Solutions to a “hold” rating in a research report on Wednesday, July 31st. Bank of America raised their price objective on Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Wednesday, July 31st. Finally, Susquehanna reaffirmed a “neutral” rating and set a $125.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Two 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 data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $114.18.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $98.85 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $120.86. The firm has a market capitalization of $15.79 billion, a P/E ratio of 18.58, a PEG ratio of 4.64 and a beta of 1.21. The business has a fifty day moving average of $104.89 and a 200 day moving average of $102.67.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, hitting the consensus estimate of $1.21. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The company had revenue of $905.50 million during the quarter, compared to analyst estimates of $900.41 million. During the same quarter in the previous year, the company posted $1.50 earnings per share. Skyworks Solutions’s revenue was down 15.5% compared to the same quarter last year. As a group, sell-side analysts anticipate 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. Investors of record on Tuesday, August 20th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, August 20th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.83%. Skyworks Solutions’s payout ratio is 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.