California Public Employees Retirement System boosted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 405,400 shares of the semiconductor manufacturer’s stock after acquiring an additional 22,300 shares during the period. California Public Employees Retirement System owned 0.22% of Skyworks Solutions worth $38,898,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Invictus RG bought a new stake in Skyworks Solutions in the first quarter worth about $101,000. Winslow Evans & Crocker Inc. raised its position in shares of Skyworks Solutions by 3.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock valued at $104,000 after purchasing an additional 35 shares during the period. WFG Advisors LP raised its position in shares of Skyworks Solutions by 18.6% in the first quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock valued at $113,000 after purchasing an additional 181 shares during the period. Pathstone Family Office LLC bought a new stake in shares of Skyworks Solutions in the first quarter valued at approximately $177,000. Finally, Dubuque Bank & Trust Co. bought a new stake in shares of Skyworks Solutions in the second quarter valued at approximately $182,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “California Public Employees Retirement System Increases Holdings in Skyworks Solutions, Inc. (SWKS)” was posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.watchlistnews.com/california-public-employees-retirement-system-increases-holdings-in-skyworks-solutions-inc-swks/1586945.html.

In related news, Director Christine King sold 3,705 shares of Skyworks Solutions stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total value of $395,768.10. Following the completion of the sale, the director now directly owns 16,641 shares in the company, valued at $1,777,591.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Liam Griffin sold 8,056 shares of Skyworks Solutions stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $105.31, for a total value of $848,377.36. Following the completion of the sale, the insider now owns 54,310 shares of the company’s stock, valued at $5,719,386.10. The disclosure for this sale can be found here. Insiders sold 14,371 shares of company stock valued at $1,505,093 over the last 90 days. 0.49% of the stock is currently owned by corporate insiders.

Skyworks Solutions, Inc. (NASDAQ SWKS) opened at 103.08 on Monday. The firm has a 50-day moving average of $104.54 and a 200 day moving average of $102.42. The company has a market capitalization of $18.94 billion, a price-to-earnings ratio of 19.79 and a beta of 0.81. Skyworks Solutions, Inc. has a one year low of $71.65 and a one year high of $112.11.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.05. The firm had revenue of $900.80 million during the quarter, compared to the consensus estimate of $890.58 million. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 earnings per share. Equities research analysts predict that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th were issued a $0.32 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, August 4th. Skyworks Solutions’s payout ratio is presently 24.57%.

Several analysts have recently issued reports on the stock. Craig Hallum boosted their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Vetr lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $110.24 price target on the stock. in a research report on Wednesday, June 7th. Canaccord Genuity reissued a “buy” rating and issued a $117.00 price target (up previously from $115.00) on shares of Skyworks Solutions in a research report on Saturday, July 22nd. Northland Securities reissued a “buy” rating and issued a $115.00 price target on shares of Skyworks Solutions in a research report on Friday, August 4th. Finally, B. Riley reissued a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a research report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $111.82.

Skyworks Solutions Profile

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions, Inc. (NASDAQ:SWKS).

Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

Receive News & Ratings for Skyworks Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.