Teacher Retirement System of Texas reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.5% during the second quarter, Holdings Channel reports. The firm owned 224,745 shares of the semiconductor manufacturer’s stock after selling 10,650 shares during the period. Teacher Retirement System of Texas’ holdings in Skyworks Solutions were worth $21,564,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SWKS. Macquarie Group Ltd. boosted its position in shares of Skyworks Solutions by 100.0% in the fourth quarter. Macquarie Group Ltd. now owns 10,400 shares of the semiconductor manufacturer’s stock valued at $776,000 after buying an additional 5,200 shares during the period. Gulf International Bank UK Ltd boosted its position in shares of Skyworks Solutions by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 56,653 shares of the semiconductor manufacturer’s stock valued at $5,550,000 after buying an additional 700 shares during the period. Winslow Evans & Crocker Inc. boosted its position in shares of Skyworks Solutions by 5.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock valued at $103,000 after buying an additional 50 shares during the period. BKD Wealth Advisors LLC purchased a new position in shares of Skyworks Solutions during the first quarter valued at approximately $311,000. Finally, Tompkins Financial Corp purchased a new position in shares of Skyworks Solutions during the first quarter valued at approximately $107,000. 81.19% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions, Inc. (NASDAQ SWKS) opened at 103.18 on Friday. The stock’s 50 day moving average price is $102.58 and its 200 day moving average price is $100.13. The company has a market cap of $18.96 billion, a PE ratio of 19.80 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 announced its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.05. The business had revenue of $900.80 million for the quarter, compared to analyst estimates of $890.58 million. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The company’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 earnings per share. Equities research analysts anticipate 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. Shareholders of record on Tuesday, August 8th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 4th. This represents a $1.28 annualized dividend and a yield of 1.24%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s dividend payout ratio is presently 24.57%.

COPYRIGHT VIOLATION NOTICE: “Teacher Retirement System of Texas Decreases Stake in Skyworks Solutions, Inc. (SWKS)” was posted by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.watchlistnews.com/teacher-retirement-system-of-texas-decreases-stake-in-skyworks-solutions-inc-swks/1478160.html.

Several research analysts recently commented on SWKS shares. Barclays PLC raised their target price on Skyworks Solutions from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 18th. Vetr cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $112.92 target price for the company. in a research report on Thursday, April 20th. Pacific Crest reaffirmed an “overweight” rating on shares of Skyworks Solutions in a research report on Monday, April 24th. B. Riley reaffirmed a “buy” rating and issued a $120.00 target price on shares of Skyworks Solutions in a research report on Friday, April 28th. Finally, Drexel Hamilton raised their target price on Skyworks Solutions from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $110.57.

In other Skyworks Solutions news, insider Liam Griffin sold 8,056 shares of the stock in a transaction that occurred 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 in the company, valued at $5,719,386.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Christine King sold 3,500 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was 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 disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

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).

Institutional Ownership by Quarter for Skyworks Solutions (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.