Quantum Capital Management lessened its holdings in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 65.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,493 shares of the semiconductor manufacturer’s stock after selling 46,979 shares during the quarter. Quantum Capital Management’s holdings in Skyworks Solutions were worth $2,367,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. KBC Group NV grew its stake in shares of Skyworks Solutions by 119.7% in the second quarter. KBC Group NV now owns 46,293 shares of the semiconductor manufacturer’s stock worth $4,474,000 after acquiring an additional 25,223 shares during the last quarter. Bangor Savings Bank bought a new position in shares of Skyworks Solutions in the second quarter worth about $899,000. Girard Partners LTD. grew its position in shares of Skyworks Solutions by 44.5% during the 2nd quarter. Girard Partners LTD. now owns 13,151 shares of the semiconductor manufacturer’s stock worth $1,271,000 after buying an additional 4,049 shares during the period. Kiwi Wealth Investments Limited Partnership acquired a new stake in shares of Skyworks Solutions during the 2nd quarter worth approximately $3,486,000. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of Skyworks Solutions by 6.0% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 12,190 shares of the semiconductor manufacturer’s stock worth $1,178,000 after buying an additional 690 shares during the period. Institutional investors own 80.76% of the company’s stock.
SWKS has been the subject of several analyst reports. Longbow Research initiated coverage on shares of Skyworks Solutions in a research report on Wednesday, May 16th. They set a “buy” rating and a $120.00 price target for the company. Raymond James cut shares of Skyworks Solutions from an “outperform” rating to a “market perform” rating in a research report on Friday, May 18th. BidaskClub cut shares of Skyworks Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. Benchmark initiated coverage on shares of Skyworks Solutions in a research report on Friday, June 15th. They set a “buy” rating and a $114.00 price target for the company. Finally, Loop Capital initiated coverage on shares of Skyworks Solutions in a research report on Thursday, June 21st. They set a “buy” rating and a $130.00 price target for the company. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the company. Skyworks Solutions has an average rating of “Buy” and an average price target of $114.84.
In other Skyworks Solutions news, Director David J. Aldrich sold 10,000 shares of Skyworks Solutions stock in a transaction on Friday, August 10th. The shares were sold at an average price of $93.03, for a total transaction of $930,300.00. Following the transaction, the director now directly owns 152,252 shares of the company’s stock, valued at approximately $14,164,003.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David J. Aldrich sold 3,000 shares of Skyworks Solutions stock in a transaction on Friday, September 7th. The stock was sold at an average price of $88.78, for a total transaction of $266,340.00. Following the transaction, the director now directly owns 145,252 shares in the company, valued at $12,895,472.56. The disclosure for this sale can be found here. Insiders have sold a total of 33,000 shares of company stock worth $3,084,740 over the last ninety days. Insiders own 0.47% of the company’s stock.
NASDAQ SWKS traded down $1.76 on Tuesday, hitting $85.40. 319,616 shares of the stock were exchanged, compared to its average volume of 1,515,699. The firm has a market capitalization of $15.66 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 0.96 and a beta of 0.57. Skyworks Solutions Inc has a 52 week low of $86.13 and a 52 week high of $117.65.
Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Thursday, July 19th. The semiconductor manufacturer reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.04. The firm had revenue of $894.30 million for the quarter, compared to the consensus estimate of $889.00 million. Skyworks Solutions had a net margin of 23.78% and a return on equity of 30.31%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 EPS. sell-side analysts expect that Skyworks Solutions Inc will post 6.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Shareholders of record on Tuesday, August 7th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.78%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, August 6th. Skyworks Solutions’s payout ratio is currently 25.42%.
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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