Vident Investment Advisory LLC Grows Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Vident Investment Advisory LLC boosted its position in Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) by 17.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,244 shares of the semiconductor manufacturer’s stock after buying an additional 6,573 shares during the period. Vident Investment Advisory LLC’s holdings in Skyworks Solutions were worth $5,897,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Skyworks Solutions by 3.5% during the first quarter. Principal Financial Group Inc. now owns 211,169 shares of the semiconductor manufacturer’s stock worth $28,145,000 after purchasing an additional 7,043 shares in the last quarter. Comerica Bank boosted its holdings in Skyworks Solutions by 1.8% during the first quarter. Comerica Bank now owns 43,555 shares of the semiconductor manufacturer’s stock worth $5,262,000 after buying an additional 783 shares in the last quarter. Prospera Financial Services Inc acquired a new position in Skyworks Solutions during the first quarter worth about $136,000. Jones Financial Companies Lllp increased its holdings in Skyworks Solutions by 733.3% in the first quarter. Jones Financial Companies Lllp now owns 300 shares of the semiconductor manufacturer’s stock valued at $40,000 after buying an additional 264 shares in the last quarter. Finally, Mission Wealth Management LP lifted its position in shares of Skyworks Solutions by 31.6% during the 1st quarter. Mission Wealth Management LP now owns 3,470 shares of the semiconductor manufacturer’s stock valued at $462,000 after acquiring an additional 834 shares during the period. 74.61% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Trading Up 2.8 %

Shares of SWKS stock opened at $102.64 on Monday. Skyworks Solutions, Inc. has a fifty-two week low of $88.76 and a fifty-two week high of $182.24. The firm’s 50 day moving average price is $104.08 and its two-hundred day moving average price is $111.21. The stock has a market cap of $16.47 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 0.90 and a beta of 1.21. The company has a quick ratio of 1.47, a current ratio of 2.37 and a debt-to-equity ratio of 0.32.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last posted its earnings results on Thursday, August 4th. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.39. Skyworks Solutions had a net margin of 24.11% and a return on equity of 30.43%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business posted $1.96 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. On average, analysts anticipate that Skyworks Solutions, Inc. will post 9.95 EPS for the current year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, August 25th will be given a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 24th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.56. This represents a $2.48 annualized dividend and a yield of 2.42%. Skyworks Solutions’s payout ratio is 31.51%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. The Goldman Sachs Group dropped their price target on Skyworks Solutions from $120.00 to $97.00 in a research report on Friday, July 15th. Cowen set a $132.00 target price on shares of Skyworks Solutions in a report on Tuesday, July 19th. TheStreet downgraded shares of Skyworks Solutions from a “b-” rating to a “c+” rating in a report on Tuesday, June 21st. KeyCorp reduced their price objective on shares of Skyworks Solutions from $160.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. Finally, Susquehanna Bancshares decreased their target price on shares of Skyworks Solutions to $120.00 in a research report on Monday, July 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $141.30.

Insiders Place Their Bets

In other news, SVP Karilee A. Durham sold 5,858 shares of Skyworks Solutions stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $112.26, for a total transaction of $657,619.08. Following the sale, the senior vice president now owns 10,130 shares in the company, valued at $1,137,193.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is owned by company insiders.

Skyworks Solutions Profile

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Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, timing devices, 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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