Moneta Group Investment Advisors LLC increased its holdings in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 84.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,635 shares of the semiconductor manufacturer’s stock after purchasing an additional 14,479 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Skyworks Solutions were worth $1,325,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Next Capital Management LLC grew its position in Skyworks Solutions by 118.7% in the 2nd quarter. Next Capital Management LLC now owns 339 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 184 shares in the last quarter. Cribstone Capital Management LLC acquired a new position in shares of Skyworks Solutions in the second quarter valued at approximately $37,000. Accurate Investment Solutions Inc. grew its holdings in shares of Skyworks Solutions by 42.5% in the second quarter. Accurate Investment Solutions Inc. now owns 580 shares of the semiconductor manufacturer’s stock valued at $45,000 after purchasing an additional 173 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Skyworks Solutions by 79.5% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 673 shares of the semiconductor manufacturer’s stock valued at $52,000 after purchasing an additional 298 shares in the last quarter. Finally, AlphaOne Investment Services LLC purchased a new stake in Skyworks Solutions during the 1st quarter worth approximately $54,000. 80.66% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Timothy R. Furey sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $73.51, for a total value of $183,775.00. Following the completion of the sale, the director now directly owns 24,324 shares of the company’s stock, valued at $1,788,057.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David J. Aldrich sold 999 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $76.45, for a total transaction of $76,373.55. Following the transaction, the director now owns 204,031 shares in the company, valued at $15,598,169.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,499 shares of company stock worth $3,896,149. 0.64% of the stock is currently owned by corporate insiders.
Several brokerages have commented on SWKS. UBS Group decreased their price target on shares of Skyworks Solutions from $93.00 to $77.00 and set a “neutral” rating for the company in a research report on Wednesday, May 22nd. Zacks Investment Research lowered Skyworks Solutions from a “hold” rating to a “sell” rating and set a $85.00 price objective on the stock. in a research report on Wednesday, August 7th. Charter Equity reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Monday, August 12th. Piper Jaffray Companies decreased their target price on Skyworks Solutions from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, June 5th. Finally, BidaskClub raised Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Saturday. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have given a buy rating to the stock. Skyworks Solutions currently has an average rating of “Hold” and an average target price of $86.40.
SWKS traded up $3.05 on Wednesday, reaching $83.35. The company had a trading volume of 745,644 shares, compared to its average volume of 1,432,747. Skyworks Solutions Inc has a 1 year low of $60.12 and a 1 year high of $94.39. The stock has a market capitalization of $13.69 billion, a PE ratio of 12.57, a P/E/G ratio of 1.70 and a beta of 1.02. The stock has a 50-day moving average price of $78.68 and a 200-day moving average price of $79.74.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.14. Skyworks Solutions had a return on equity of 26.60% and a net margin of 26.10%. The company had revenue of $767.00 million for the quarter, compared to analyst estimates of $767.71 million. During the same quarter last year, the company posted $1.64 earnings per share. The business’s quarterly revenue was down 14.2% compared to the same quarter last year. On average, equities analysts expect that Skyworks Solutions Inc will post 5.72 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Monday, August 26th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.38. Skyworks Solutions’s dividend payout ratio (DPR) is currently 26.55%.
Skyworks Solutions Company Profile
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, 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 locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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