Northern Trust Corp boosted its position in Skyworks Solutions Inc (NASDAQ:SWKS) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,522,139 shares of the semiconductor manufacturer’s stock after purchasing an additional 98,891 shares during the period. Northern Trust Corp owned about 1.47% of Skyworks Solutions worth $194,886,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Carlson Capital L P grew its stake in shares of Skyworks Solutions by 19.8% during the 2nd quarter. Carlson Capital L P now owns 211,394 shares of the semiconductor manufacturer’s stock worth $16,334,000 after acquiring an additional 34,965 shares during the period. Natixis Advisors L.P. lifted its holdings in Skyworks Solutions by 7.1% during the second quarter. Natixis Advisors L.P. now owns 27,834 shares of the semiconductor manufacturer’s stock valued at $2,151,000 after purchasing an additional 1,852 shares during the last quarter. American Money Management LLC boosted its position in Skyworks Solutions by 2.6% during the second quarter. American Money Management LLC now owns 19,473 shares of the semiconductor manufacturer’s stock worth $1,505,000 after purchasing an additional 500 shares during the period. Aviance Capital Partners LLC boosted its position in Skyworks Solutions by 53.7% during the second quarter. Aviance Capital Partners LLC now owns 10,546 shares of the semiconductor manufacturer’s stock worth $815,000 after purchasing an additional 3,684 shares during the period. Finally, Independent Advisor Alliance bought a new position in Skyworks Solutions during the second quarter worth about $692,000. 80.66% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on SWKS. Argus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $69.00 price target on the stock. in a research note on Friday, June 7th. BMO Capital Markets reduced their price objective on shares of Skyworks Solutions from $105.00 to $100.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Zacks Investment Research cut shares of Skyworks Solutions from a “hold” rating to a “sell” rating and set a $85.00 target price on the stock. in a report on Wednesday, August 7th. Cascend Securities upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research report on Monday, June 10th. Finally, DA Davidson dropped their target price on Skyworks Solutions to $95.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $86.40.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.14. The firm had revenue of $767.00 million for the quarter, compared to analyst estimates of $767.71 million. Skyworks Solutions had a net margin of 26.10% and a return on equity of 26.60%. The business’s revenue for the quarter was down 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.64 EPS. As a group, sell-side analysts forecast that Skyworks Solutions Inc will post 5.72 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th will be given a $0.44 dividend. The ex-dividend date of this dividend is Monday, August 26th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.38. This represents a $1.76 annualized dividend and a yield of 2.13%. Skyworks Solutions’s payout ratio is 26.55%.
In other Skyworks Solutions news, Director David J. Aldrich sold 10,000 shares of Skyworks Solutions stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $85.88, for a total transaction of $858,800.00. Following the completion of the sale, the director now owns 213,032 shares of the company’s stock, valued at $18,295,188.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David J. Aldrich sold 5,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $81.91, for a total value of $409,550.00. Following the completion of the transaction, the director now owns 208,032 shares of the company’s stock, valued at $17,039,901.12. The disclosure for this sale can be found here. In the last three months, insiders sold 48,499 shares of company stock worth $3,896,149. 0.64% of the stock is owned by insiders.
Skyworks Solutions 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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