United Capital Financial Advisers LLC Grows Holdings in Skyworks Solutions Inc (NASDAQ:SWKS)

United Capital Financial Advisers LLC increased its position in Skyworks Solutions Inc (NASDAQ:SWKS) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,130 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,397 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Skyworks Solutions were worth $4,646,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SWKS. FMR LLC boosted its holdings in Skyworks Solutions by 63.8% in the first quarter. FMR LLC now owns 3,517,246 shares of the semiconductor manufacturer’s stock worth $290,102,000 after purchasing an additional 1,370,337 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Skyworks Solutions by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 2,693,315 shares of the semiconductor manufacturer’s stock valued at $180,234,000 after acquiring an additional 242,983 shares during the period. Northern Trust Corp boosted its holdings in Skyworks Solutions by 4.1% during the second quarter. Northern Trust Corp now owns 2,522,139 shares of the semiconductor manufacturer’s stock valued at $194,886,000 after acquiring an additional 98,891 shares during the period. First Trust Advisors LP boosted its holdings in Skyworks Solutions by 12.1% during the second quarter. First Trust Advisors LP now owns 1,826,948 shares of the semiconductor manufacturer’s stock valued at $141,168,000 after acquiring an additional 197,392 shares during the period. Finally, Artisan Partners Limited Partnership bought a new stake in Skyworks Solutions during the first quarter valued at about $81,554,000. 80.56% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on the stock. Piper Jaffray Companies reduced their target price on shares of Skyworks Solutions from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, June 5th. Cowen reiterated a “market perform” rating and issued a $80.00 target price (down previously from $95.00) on shares of Skyworks Solutions in a research note on Wednesday, June 5th. Craig Hallum increased their target price on shares of Skyworks Solutions from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Argus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $69.00 target price for the company. in a research note on Friday, June 7th. Finally, BidaskClub upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, September 7th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have issued a buy rating to the company’s stock. Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $86.40.

In other news, Director David J. Aldrich sold 5,000 shares of Skyworks Solutions stock in a transaction on Friday, June 21st. The shares were sold at an average price of $75.50, for a total transaction of $377,500.00. Following the transaction, the director now directly owns 208,032 shares of the company’s stock, valued at $15,706,416. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David J. Aldrich sold 10,000 shares of Skyworks Solutions stock in a transaction on Friday, July 26th. The stock was sold at an average price of $85.88, for a total transaction of $858,800.00. Following the transaction, the director now directly owns 213,032 shares in the company, valued at $18,295,188.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,999 shares of company stock worth $3,712,374. Insiders own 0.64% of the company’s stock.

SWKS stock traded down $2.22 during midday trading on Tuesday, reaching $79.77. The company’s stock had a trading volume of 580,782 shares, compared to its average volume of 1,452,714. Skyworks Solutions Inc has a 52 week low of $60.12 and a 52 week high of $94.39. The stock has a market cap of $13.76 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.75 and a beta of 1.02. The business’s 50-day simple moving average is $78.34 and its 200-day simple moving average is $79.74.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.14. Skyworks Solutions had a net margin of 26.10% and a return on equity of 26.60%. The firm had revenue of $767.00 million for the quarter, compared to analysts’ expectations of $767.71 million. During the same period last year, the firm earned $1.64 earnings per share. The business’s revenue for the quarter was down 14.2% on a year-over-year basis. Analysts predict 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. Stockholders of record on Tuesday, August 27th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.21%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, August 26th. 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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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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