Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Bought by IFP Advisors Inc
IFP Advisors Inc boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,207 shares of the semiconductor manufacturer’s stock after buying an additional 193 shares during the period. IFP Advisors Inc’s holdings in Skyworks Solutions were worth $692,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Winslow Evans & Crocker Inc. boosted its position in 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 buying an additional 35 shares in the last quarter. Cleararc Capital Inc. boosted its position in Skyworks Solutions by 1.1% in the first quarter. Cleararc Capital Inc. now owns 4,544 shares of the semiconductor manufacturer’s stock valued at $445,000 after buying an additional 50 shares in the last quarter. First National Bank of Hutchinson boosted its position in Skyworks Solutions by 1.0% in the second quarter. First National Bank of Hutchinson now owns 6,774 shares of the semiconductor manufacturer’s stock valued at $721,000 after buying an additional 70 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Skyworks Solutions by 2.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,955 shares of the semiconductor manufacturer’s stock valued at $454,000 after buying an additional 113 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its position in Skyworks Solutions by 0.5% in the first quarter. Mason Street Advisors LLC now owns 25,554 shares of the semiconductor manufacturer’s stock valued at $2,504,000 after buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 81.19% of the company’s stock.
Shares of Skyworks Solutions, Inc. (NASDAQ SWKS) opened at 101.60 on Friday. The firm’s 50-day moving average price is $102.58 and its 200-day moving average price is $100.04. The company has a market capitalization of $18.67 billion, a price-to-earnings ratio of 19.50 and a beta of 0.82. Skyworks Solutions, Inc. has a 12 month low of $65.76 and a 12 month high of $112.11.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, topping the consensus estimate of $1.52 by $0.05. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The business had revenue of $900.80 million during the quarter, compared to analyst estimates of $890.58 million. During the same period last year, the business posted $1.24 earnings per share. The company’s quarterly revenue was up 19.8% on a year-over-year basis. Equities research analysts expect that Skyworks Solutions, Inc. will post $6.39 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th will be given a dividend of $0.32 per share. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, August 4th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 24.57%.
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Several research firms have weighed in on SWKS. B. Riley restated a “buy” rating and set a $120.00 price target on shares of Skyworks Solutions in a report on Wednesday, May 3rd. Vetr cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $112.92 price target for the company. in a report on Thursday, April 20th. Barclays PLC restated an “overweight” rating on shares of Skyworks Solutions in a report on Friday, July 21st. Craig Hallum raised their price target on Skyworks Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, July 21st. Finally, Cowen and Company restated a “market perform” rating and set a $110.00 price target on shares of Skyworks Solutions in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $110.57.
In other news, Director Christine King sold 3,500 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $108.84, for a total transaction of $380,940.00. Following the completion of the transaction, the director now directly owns 16,436 shares in the company, valued at $1,788,894.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Liam Griffin sold 8,056 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $105.31, for a total value of $848,377.36. Following the transaction, 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. Company insiders own 0.49% of the company’s stock.
About Skyworks Solutions
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.
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