Northern Trust Corp cut its holdings in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 0.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,308,703 shares of the semiconductor manufacturer’s stock after selling 2,944 shares during the period. Northern Trust Corp owned about 1.29% of Skyworks Solutions worth $223,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of SWKS. Vulcan Value Partners LLC raised its position in shares of Skyworks Solutions by 21.8% in the second quarter. Vulcan Value Partners LLC now owns 6,581,779 shares of the semiconductor manufacturer’s stock worth $636,129,000 after acquiring an additional 1,179,670 shares during the period. Millennium Management LLC raised its position in shares of Skyworks Solutions by 58.0% in the first quarter. Millennium Management LLC now owns 790,775 shares of the semiconductor manufacturer’s stock worth $79,283,000 after acquiring an additional 290,202 shares during the period. Ardevora Asset Management LLP raised its position in shares of Skyworks Solutions by 394.7% in the second quarter. Ardevora Asset Management LLP now owns 349,732 shares of the semiconductor manufacturer’s stock worth $33,802,000 after acquiring an additional 279,032 shares during the period. Old Mutual Global Investors UK Ltd. raised its position in shares of Skyworks Solutions by 12.2% during the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 2,173,301 shares of the semiconductor manufacturer’s stock worth $217,895,000 after purchasing an additional 236,320 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Skyworks Solutions by 147.5% during the 2nd quarter. American Century Companies Inc. now owns 378,775 shares of the semiconductor manufacturer’s stock worth $36,609,000 after purchasing an additional 225,746 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Several research firms recently weighed in on SWKS. Needham & Company LLC upped their price target on shares of Skyworks Solutions from $110.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, July 20th. BidaskClub upgraded shares of Skyworks Solutions from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. ValuEngine upgraded shares of Skyworks Solutions from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. Cowen restated a “hold” rating and set a $105.00 price target (up previously from $100.00) on shares of Skyworks Solutions in a research report on Friday, July 20th. Finally, Zacks Investment Research upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research report on Wednesday, July 25th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the company. Skyworks Solutions currently has an average rating of “Hold” and an average price target of $114.84.

In other Skyworks Solutions news, Director David J. Aldrich sold 10,000 shares of the stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $91.30, for a total transaction of $913,000.00. Following the sale, the director now directly owns 152,252 shares in the company, valued at approximately $13,900,607.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David J. Aldrich sold 3,000 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $88.78, for a total transaction of $266,340.00. Following the sale, the director now owns 145,252 shares in the company, valued at $12,895,472.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,000 shares of company stock worth $3,997,740. 0.47% of the stock is owned by company insiders.

Shares of SWKS stock opened at $91.73 on Wednesday. Skyworks Solutions Inc has a one year low of $83.05 and a one year high of $117.65. The company has a market capitalization of $16.50 billion, a PE ratio of 15.34, a P/E/G ratio of 1.02 and a beta of 0.57.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Thursday, July 19th. The semiconductor manufacturer reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. Skyworks Solutions had a net margin of 23.78% and a return on equity of 30.31%. The firm had revenue of $894.30 million for the quarter, compared to analyst estimates of $889.00 million. During the same period in the prior year, the business posted $1.57 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. research analysts anticipate that Skyworks Solutions Inc will post 6.61 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 28th. Shareholders of record on Tuesday, August 7th were issued a dividend of $0.38 per share. The ex-dividend date was Monday, August 6th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.32. This represents a $1.52 dividend on an annualized basis and a yield of 1.66%. Skyworks Solutions’s dividend payout ratio is 25.42%.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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

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