Skyworks Solutions Inc. (SWKS) Shares Bought by HL Financial Services LLC
HL Financial Services LLC raised its stake in Skyworks Solutions Inc. (NASDAQ:SWKS) by 8.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,481 shares of the semiconductor manufacturer’s stock after buying an additional 3,504 shares during the period. HL Financial Services LLC’s holdings in Skyworks Solutions were worth $2,941,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of SWKS. Checchi Capital Advisers LLC raised its position in 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 position in Skyworks Solutions during the first quarter valued at about $182,000. Parametric Risk Advisors LLC acquired a new position in Skyworks Solutions during the first quarter valued at about $192,000. NN Investment Partners Holdings N.V. acquired a new position in Skyworks Solutions during the first quarter valued at about $211,000. Finally, Gofen & Glossberg LLC IL raised its position in Skyworks Solutions by 12.0% in the second quarter. Gofen & Glossberg LLC IL now owns 3,361 shares of the semiconductor manufacturer’s stock valued at $213,000 after buying an additional 361 shares during the period. Hedge funds and other institutional investors own 76.66% of the company’s stock.
Skyworks Solutions Inc. (NASDAQ:SWKS) traded up 1.35% during mid-day trading on Wednesday, reaching $76.74. 2,552,409 shares of the company were exchanged. The stock has a market capitalization of $14.39 billion, a price-to-earnings ratio of 15.20 and a beta of 1.15. Skyworks Solutions Inc. has a 12-month low of $54.50 and a 12-month high of $89.72. The company’s 50 day moving average price is $71.47 and its 200-day moving average price is $69.32.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.03. The firm earned $751.70 million during the quarter, compared to analysts’ expectations of $750.22 million. Skyworks Solutions had a net margin of 29.32% and a return on equity of 29.31%. On average, equities research analysts forecast that Skyworks Solutions Inc. will post $5.53 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Shareholders of record on Thursday, August 4th were paid a $0.28 dividend. The ex-dividend date was Tuesday, August 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.46%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.26. Skyworks Solutions’s dividend payout ratio (DPR) is currently 22.18%.
Several research firms have issued reports on SWKS. Vetr lowered shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $74.14 price target on the stock. in a research report on Tuesday, June 7th. Pacific Crest restated an “overweight” rating and issued a $90.00 price target on shares of Skyworks Solutions in a research report on Tuesday, June 7th. BMO Capital Markets reiterated a “market perform” rating and set a $69.00 price objective on shares of Skyworks Solutions in a research report on Tuesday, May 31st. Mizuho reiterated a “neutral” rating and set a $68.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, August 31st. Finally, Morgan Stanley started coverage on shares of Skyworks Solutions in a research report on Monday, June 27th. They set an “underweight” rating and a $61.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $83.04.
In other news, EVP Bruce J. Freyman sold 3,221 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $75.00, for a total transaction of $241,575.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy R. Furey sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $74.87, for a total transaction of $374,350.00. Following the sale, the director now owns 34,947 shares of the company’s stock, valued at approximately $2,616,481.89. The disclosure for this sale can be found here. 0.62% of the stock is currently 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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