Skyworks Solutions Inc. (SWKS) Shares Bought by Genesee Valley Trust Co.
Genesee Valley Trust Co. increased its stake in Skyworks Solutions Inc. (NASDAQ:SWKS) by 9.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,148 shares of the semiconductor manufacturer’s stock after buying an additional 1,127 shares during the period. Genesee Valley Trust Co.’s holdings in Skyworks Solutions were worth $832,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. Pioneer Investment Management Inc. increased its position in Skyworks Solutions by 61.6% in the fourth quarter. Pioneer Investment Management Inc. now owns 158,380 shares of the semiconductor manufacturer’s stock valued at $12,168,000 after buying an additional 60,347 shares during the last quarter. Norges Bank bought a new position in Skyworks Solutions during the fourth quarter valued at $129,236,000. Chevy Chase Trust Holdings Inc. increased its position in Skyworks Solutions by 2.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 162,518 shares of the semiconductor manufacturer’s stock valued at $12,660,000 after buying an additional 3,911 shares during the last quarter. DnB Asset Management AS bought a new position in Skyworks Solutions during the first quarter valued at $1,215,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Skyworks Solutions by 14.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,783 shares of the semiconductor manufacturer’s stock valued at $3,411,000 after buying an additional 5,475 shares during the last quarter. 76.67% of the stock is owned by institutional investors.
Skyworks Solutions Inc. (NASDAQ:SWKS) traded down 0.49% on Tuesday, reaching $75.72. The company’s stock had a trading volume of 2,729,042 shares. The stock has a 50 day moving average price of $70.87 and a 200-day moving average price of $69.25. Skyworks Solutions Inc. has a 1-year low of $54.50 and a 1-year high of $89.72. The company has a market capitalization of $14.20 billion, a price-to-earnings ratio of 15.00 and a beta of 1.15.
Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.03. The company had revenue of $751.70 million for the quarter, compared to analysts’ expectations of $750.22 million. Skyworks Solutions had a return on equity of 29.31% and a net margin of 29.32%. Equities analysts predict that Skyworks Solutions Inc. will post $5.53 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Shareholders of record on Thursday, August 4th were issued a $0.28 dividend. The ex-dividend date was Tuesday, August 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.48%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.26. Skyworks Solutions’s dividend payout ratio is currently 22.18%.
Several equities analysts have weighed in on SWKS shares. Credit Agricole SA started coverage on Skyworks Solutions in a research report on Tuesday, May 24th. They set an “underperform” rating for the company. BMO Capital Markets restated a “market perform” rating and set a $69.00 price objective on shares of Skyworks Solutions in a report on Tuesday, May 31st. Pacific Crest restated an “overweight” rating and set a $90.00 price objective on shares of Skyworks Solutions in a report on Tuesday, June 7th. Vetr cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $74.14 price objective on the stock. in a report on Tuesday, June 7th. Finally, B. Riley cut Skyworks Solutions to a “buy” rating in a report on Monday, June 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.04.
In other Skyworks Solutions news, VP Laura A. Gasparini sold 2,650 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $74.84, for a total transaction of $198,326.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Bruce J. Freyman sold 3,221 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $75.00, for a total transaction of $241,575.00. The disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.
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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