Savant Capital LLC Has $202,000 Position in Skyworks Solutions, Inc. (SWKS)
Savant Capital LLC reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 22.2% during the second quarter, Holdings Channel reports. The fund owned 2,107 shares of the semiconductor manufacturer’s stock after selling 600 shares during the period. Savant Capital LLC’s holdings in Skyworks Solutions were worth $202,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its position in Skyworks Solutions by 3,071.2% in the first quarter. BlackRock Inc. now owns 12,053,655 shares of the semiconductor manufacturer’s stock worth $1,181,019,000 after buying an additional 11,673,555 shares during the period. Winslow Capital Management LLC bought a new position in Skyworks Solutions during the first quarter worth approximately $205,388,000. Boston Partners bought a new position in Skyworks Solutions during the first quarter worth approximately $82,702,000. AQR Capital Management LLC increased its position in Skyworks Solutions by 138.9% in the first quarter. AQR Capital Management LLC now owns 1,406,274 shares of the semiconductor manufacturer’s stock worth $137,787,000 after buying an additional 817,721 shares during the period. Finally, Vanguard Group Inc. increased its position in Skyworks Solutions by 2.7% in the first quarter. Vanguard Group Inc. now owns 17,823,006 shares of the semiconductor manufacturer’s stock worth $1,746,298,000 after buying an additional 466,480 shares during the period. Institutional investors and hedge funds own 81.26% of the company’s stock.
Shares of Skyworks Solutions, Inc. (NASDAQ SWKS) opened at 105.80 on Wednesday. The company has a 50 day moving average of $102.74 and a 200 day moving average of $100.45. The firm has a market cap of $19.44 billion, a PE ratio of 20.31 and a beta of 0.82. Skyworks Solutions, Inc. has a 52 week low of $65.76 and a 52 week high of $112.11.
Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.05. The firm had revenue of $900.80 million during the quarter, compared to analyst estimates of $890.58 million. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. Skyworks Solutions’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 EPS. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post $6.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Friday, August 4th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s dividend payout ratio is currently 24.57%.
SWKS has been the topic of a number of recent analyst reports. Mizuho reaffirmed a “buy” rating on shares of Skyworks Solutions in a research report on Friday, April 28th. Charter Equity reaffirmed a “buy” rating on shares of Skyworks Solutions in a research report on Saturday, April 29th. Craig Hallum increased their target price on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Pacific Crest reaffirmed an “overweight” rating on shares of Skyworks Solutions in a research report on Monday, April 24th. Finally, ValuEngine downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Skyworks Solutions has a consensus rating of “Buy” and a consensus price target of $110.43.
In related news, Director Christine King sold 3,500 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $108.84, for a total value of $380,940.00. Following the completion of the transaction, the director now owns 16,436 shares in the company, valued at approximately $1,788,894.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Liam Griffin sold 8,056 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $105.31, for a total transaction of $848,377.36. Following the completion of the transaction, the insider now owns 54,310 shares of the company’s stock, valued at approximately $5,719,386.10. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.
Skyworks Solutions Company 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).
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.