JPMorgan Chase & Co. Has $33,029,000 Position in Skyworks Solutions Inc. (SWKS)
JPMorgan Chase & Co. reduced its position in shares of Skyworks Solutions Inc. (NASDAQ:SWKS) by 38.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 521,940 shares of the semiconductor manufacturer’s stock after selling 327,126 shares during the period. JPMorgan Chase & Co. owned 0.28% of Skyworks Solutions worth $33,029,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of SWKS. Fuller & Thaler Asset Management Inc. raised its stake in shares of Skyworks Solutions by 260.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the semiconductor manufacturer’s stock valued at $114,000 after buying an additional 1,300 shares during the period. Synovus Financial Corp raised its stake in shares of Skyworks Solutions by 16.0% in the second quarter. Synovus Financial Corp now owns 2,282 shares of the semiconductor manufacturer’s stock valued at $143,000 after buying an additional 315 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of Skyworks Solutions by 39.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,369 shares of the semiconductor manufacturer’s stock valued at $150,000 after buying an additional 673 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Skyworks Solutions during the first quarter valued at $182,000. Finally, Parametric Risk Advisors LLC acquired a new stake in shares of Skyworks Solutions during the first quarter valued at $192,000. 76.67% of the stock is currently owned by institutional investors.
Skyworks Solutions Inc. (NASDAQ:SWKS) traded up 0.03% during trading on Monday, hitting $76.09. The stock had a trading volume of 2,527,500 shares. The stock has a market cap of $14.27 billion, a PE ratio of 15.07 and a beta of 1.15. The firm’s 50-day moving average price is $69.82 and its 200-day moving average price is $69.06. Skyworks Solutions Inc. has a 1-year low of $54.50 and a 1-year high of $92.63.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.03. Skyworks Solutions had a return on equity of 29.31% and a net margin of 29.32%. The business earned $751.70 million during the quarter, compared to analyst estimates of $750.22 million. On average, equities research analysts predict that Skyworks Solutions Inc. will post $5.53 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Thursday, August 4th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.47%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.26. The ex-dividend date was Tuesday, August 2nd. Skyworks Solutions’s dividend payout ratio (DPR) is currently 22.18%.
Several brokerages have recently weighed in on SWKS. Vetr lowered Skyworks Solutions from a “buy” rating to a “hold” rating and set a $77.08 target price on the stock. in a research report on Thursday. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $100.00 price target on shares of Skyworks Solutions in a research report on Friday. Drexel Hamilton reaffirmed a “buy” rating and set a $90.00 price target on shares of Skyworks Solutions in a research report on Tuesday, August 30th. Pacific Crest reaffirmed an “equal weight” rating and set a $82.50 price target on shares of Skyworks Solutions in a research report on Monday, August 29th. Finally, Mizuho reaffirmed a “neutral” rating and set a $68.00 price target on shares of Skyworks Solutions in a research report on Wednesday, August 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $83.04.
In related news, VP Laura A. Gasparini sold 2,650 shares of the stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $74.84, for a total transaction of $198,326.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bruce J. Freyman sold 3,221 shares of the stock in a transaction on Monday, August 29th. The stock was sold at an average price of $75.00, for a total value of $241,575.00. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.
About Skyworks Solutions
Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.
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