California Public Employees Retirement System increased its position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 446,355 shares of the semiconductor manufacturer’s stock after purchasing an additional 25,184 shares during the period. California Public Employees Retirement System owned 0.25% of Skyworks Solutions worth $43,140,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SWKS. Cambridge Investment Research Advisors Inc. increased its position in Skyworks Solutions by 125.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 28,181 shares of the semiconductor manufacturer’s stock worth $2,825,000 after purchasing an additional 15,677 shares during the last quarter. Northern Trust Corp increased its position in Skyworks Solutions by 0.3% during the first quarter. Northern Trust Corp now owns 2,311,647 shares of the semiconductor manufacturer’s stock worth $231,766,000 after purchasing an additional 6,158 shares during the last quarter. Cetera Advisors LLC increased its position in Skyworks Solutions by 20.4% during the first quarter. Cetera Advisors LLC now owns 6,515 shares of the semiconductor manufacturer’s stock worth $655,000 after purchasing an additional 1,104 shares during the last quarter. Toronto Dominion Bank increased its position in Skyworks Solutions by 24.4% during the first quarter. Toronto Dominion Bank now owns 98,452 shares of the semiconductor manufacturer’s stock worth $9,867,000 after purchasing an additional 19,304 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Skyworks Solutions by 13.3% during the first quarter. Franklin Resources Inc. now owns 428,799 shares of the semiconductor manufacturer’s stock valued at $42,991,000 after acquiring an additional 50,399 shares during the last quarter. Hedge funds and other institutional investors own 80.73% of the company’s stock.

NASDAQ SWKS opened at $92.17 on Monday. 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 15.41, a price-to-earnings-growth ratio of 1.02 and a beta of 0.57.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Thursday, July 19th. The semiconductor manufacturer reported $1.64 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $894.30 million during the quarter, compared to analyst estimates of $889.00 million. During the same quarter last year, the firm posted $1.57 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. sell-side analysts expect that Skyworks Solutions Inc will post 6.61 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Stockholders of record on Tuesday, August 7th were paid a $0.38 dividend. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, August 6th. This represents a $1.52 annualized dividend and a dividend yield of 1.65%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 25.42%.

In other news, Director David J. Aldrich sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $93.03, for a total value of $930,300.00. Following the completion of the transaction, the director now owns 152,252 shares of the company’s stock, valued at $14,164,003.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David J. Aldrich sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $88.78, for a total transaction of $266,340.00. Following the completion of the transaction, the director now directly owns 145,252 shares of the company’s stock, valued at approximately $12,895,472.56. The disclosure for this sale can be found here. In the last three months, insiders sold 43,000 shares of company stock valued at $3,997,740. Insiders own 0.47% of the company’s stock.

A number of brokerages have weighed in on SWKS. Morgan Stanley lifted their price target on shares of Skyworks Solutions from $85.00 to $87.00 and gave the company an “underweight” rating in a research report on Friday, July 20th. Cowen reiterated a “hold” rating and set a $105.00 price target (up from $100.00) on shares of Skyworks Solutions in a research report on Friday, July 20th. DA Davidson dropped their price target on shares of Skyworks Solutions to $125.00 and set a “buy” rating for the company in a research report on Friday, July 20th. B. Riley lifted their price target on shares of Skyworks Solutions from $116.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 20th. Finally, Craig Hallum reiterated a “buy” rating and set a $120.00 price target (up from $115.00) on shares of Skyworks Solutions in a research report on Friday, July 20th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $114.84.

About Skyworks Solutions

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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