LPL Financial LLC boosted its stake in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 23.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,272 shares of the semiconductor manufacturer’s stock after acquiring an additional 7,356 shares during the quarter. LPL Financial LLC’s holdings in Skyworks Solutions were worth $3,837,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Mckinley Capital Management LLC Delaware lifted its position in Skyworks Solutions by 67.2% during the 1st quarter. Mckinley Capital Management LLC Delaware now owns 1,478 shares of the semiconductor manufacturer’s stock worth $148,000 after acquiring an additional 594 shares during the period. BancorpSouth Bank lifted its position in Skyworks Solutions by 8.0% during the 1st quarter. BancorpSouth Bank now owns 8,651 shares of the semiconductor manufacturer’s stock worth $867,000 after acquiring an additional 638 shares during the period. Avestar Capital LLC lifted its position in Skyworks Solutions by 6.9% during the 1st quarter. Avestar Capital LLC now owns 11,508 shares of the semiconductor manufacturer’s stock worth $1,152,000 after acquiring an additional 745 shares during the period. MUFG Securities EMEA plc lifted its position in Skyworks Solutions by 24.6% during the 1st quarter. MUFG Securities EMEA plc now owns 3,802 shares of the semiconductor manufacturer’s stock worth $381,000 after acquiring an additional 750 shares during the period. Finally, Greenwich Wealth Management LLC lifted its holdings in shares of Skyworks Solutions by 3.6% in the 1st quarter. Greenwich Wealth Management LLC now owns 21,663 shares of the semiconductor manufacturer’s stock valued at $2,172,000 after buying an additional 759 shares during the period. 80.13% of the stock is owned by institutional investors.
NASDAQ SWKS opened at $96.01 on Thursday. Skyworks Solutions Inc has a 1-year low of $86.13 and a 1-year high of $117.65. The company has a market capitalization of $17.73 billion, a P/E ratio of 16.06, a PEG ratio of 1.22 and a beta of 0.68.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Thursday, May 3rd. The semiconductor manufacturer reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. Skyworks Solutions had a return on equity of 30.35% and a net margin of 22.69%. The firm had revenue of $913.40 million during the quarter, compared to the consensus estimate of $911.02 million. During the same period last year, the business posted $1.45 EPS. Skyworks Solutions’s quarterly revenue was up 7.2% on a year-over-year basis. equities analysts predict that Skyworks Solutions Inc will post 6.33 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 12th. Investors of record on Tuesday, May 22nd were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.33%. The ex-dividend date was Monday, May 21st. Skyworks Solutions’s payout ratio is currently 21.40%.
Several analysts have recently commented on SWKS shares. ValuEngine cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. BidaskClub cut Skyworks Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, April 3rd. UBS Group started coverage on Skyworks Solutions in a report on Wednesday, April 4th. They issued a “neutral” rating and a $105.00 price target for the company. Cowen set a $100.00 price target on Skyworks Solutions and gave the company a “hold” rating in a report on Tuesday, April 24th. Finally, Charter Equity reissued a “buy” rating on shares of Skyworks Solutions in a report on Tuesday, April 24th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and twenty-three have issued a buy rating to the company’s stock. Skyworks Solutions presently has a consensus rating of “Buy” and an average target price of $115.30.
In related news, Director Christine King sold 2,401 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $97.67, for a total value of $234,505.67. Following the completion of the transaction, the director now directly owns 14,928 shares of the company’s stock, valued at approximately $1,458,017.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter L. Gammel sold 9,000 shares of the firm’s stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $99.19, for a total value of $892,710.00. Following the transaction, the insider now directly owns 21,420 shares of the company’s stock, valued at approximately $2,124,649.80. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.
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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