Skyworks Solutions, Inc. (SWKS) Shares Sold by Jaffetilchin Investment Partners LLC
Jaffetilchin Investment Partners LLC lowered its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 13.6% during the second quarter, Holdings Channel reports. The fund owned 10,606 shares of the semiconductor manufacturer’s stock after selling 1,667 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Skyworks Solutions were worth $1,018,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invictus RG purchased a new position in Skyworks Solutions during the first quarter worth about $101,000. Winslow Evans & Crocker Inc. raised its position in Skyworks Solutions by 5.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock worth $103,000 after buying an additional 50 shares during the last quarter. Tompkins Financial Corp purchased a new position in Skyworks Solutions during the first quarter worth about $107,000. WFG Advisors LP raised its position in Skyworks Solutions by 18.6% in the first quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock worth $113,000 after buying an additional 181 shares during the last quarter. Finally, TrimTabs Asset Management LLC raised its position in Skyworks Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock worth $138,000 after buying an additional 664 shares during the last quarter. 81.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Skyworks Solutions, Inc. (SWKS) opened at 105.3375 on Tuesday. Skyworks Solutions, Inc. has a one year low of $65.76 and a one year high of $112.11. The stock’s 50 day moving average price is $102.61 and its 200 day moving average price is $100.35. The firm has a market capitalization of $19.35 billion, a price-to-earnings ratio of 20.2183 and a beta of 0.82.
Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.05. The business 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%. Skyworks Solutions’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the company earned $1.24 earnings per share. Analysts expect that Skyworks Solutions, Inc. will post $6.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, August 4th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.21%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 24.57%.
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A number of research analysts recently issued reports on the company. Craig Hallum lifted their target price on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Vetr lowered Skyworks Solutions from a “buy” rating to a “hold” rating and set a $110.24 target price on the stock. in a report on Wednesday, June 7th. Canaccord Genuity reaffirmed a “buy” rating and set a $117.00 target price (up from $115.00) on shares of Skyworks Solutions in a report on Saturday, July 22nd. Northland Securities reaffirmed a “buy” rating and set a $115.00 target price on shares of Skyworks Solutions in a report on Friday, August 4th. Finally, Barclays PLC lifted their target price on Skyworks Solutions from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $110.43.
In related news, insider Liam Griffin sold 8,056 shares of the stock in a transaction dated Tuesday, July 25th. The stock was 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 directly owns 54,310 shares in the company, valued at $5,719,386.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christine King sold 3,500 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $108.84, for a total value of $380,940.00. Following the transaction, the director now owns 16,436 shares of the company’s stock, valued at $1,788,894.24. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.
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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