Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Vulcan Value Partners LLC

Vulcan Value Partners LLC boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 38.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,518,451 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,262,964 shares during the period. Skyworks Solutions makes up 7.3% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 2nd largest holding. Vulcan Value Partners LLC’s holdings in Skyworks Solutions were worth $481,552,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SWKS. Sequoia Financial Advisors LLC grew its position 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 valued at $239,000 after buying an additional 87 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of Skyworks Solutions by 3.0% in the first quarter. HB Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock valued at $349,000 after acquiring an additional 94 shares in the last quarter. AlphaMark Advisors LLC increased its stake in shares of Skyworks Solutions by 14.8% during the second quarter. AlphaMark Advisors LLC now owns 777 shares of the semiconductor manufacturer’s stock worth $83,000 after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Skyworks Solutions by 0.7% during the second 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 lifted its position in Skyworks Solutions by 5.0% in the second quarter. Zega Financial LLC now owns 2,100 shares of the semiconductor manufacturer’s stock valued at $224,000 after purchasing an additional 100 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SWKS has been the subject of a number of analyst reports. Susquehanna reissued a “neutral” rating and set a $125.00 target price on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Barclays boosted their target price on shares of Skyworks Solutions from $85.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Rosenblatt Securities upped their price target on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Piper Sandler reiterated a “neutral” rating and issued a $115.00 price objective (up previously from $95.00) on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Finally, Craig Hallum upped their target price on shares of Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $114.18.

Skyworks Solutions Trading Down 1.2 %

Skyworks Solutions stock opened at $98.85 on Friday. The stock has a 50-day moving average price of $104.89 and a 200 day moving average price of $102.75. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $120.86. The stock has a market cap of $15.79 billion, a PE ratio of 18.58, a P/E/G ratio of 4.63 and a beta of 1.21. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, hitting analysts’ consensus estimates 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 company’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.50 earnings per share. Equities research analysts predict that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Tuesday, August 20th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio is currently 52.63%.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the firm’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 sale, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 37,203 shares of the company’s stock, valued at $3,793,589.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total transaction of $54,240.00. Following the completion of the transaction, the vice president now owns 9,112 shares in the company, valued at approximately $1,093,440. The disclosure for this sale can be found here. Insiders have sold 12,068 shares of company stock worth $1,252,490 over the last quarter. 0.34% of the stock is currently owned by 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.