iA Global Asset Management Inc. Acquires 11,657 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

iA Global Asset Management Inc. boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 388.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,659 shares of the semiconductor manufacturer’s stock after purchasing an additional 11,657 shares during the quarter. iA Global Asset Management Inc.’s holdings in Skyworks Solutions were worth $1,562,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SWKS. Pzena Investment Management LLC bought a new stake in Skyworks Solutions during the 4th quarter valued at approximately $302,309,000. Norges Bank purchased a new position in Skyworks Solutions during the 4th quarter valued at approximately $226,266,000. Swedbank AB purchased a new position in Skyworks Solutions during the 1st quarter valued at approximately $110,086,000. Vanguard Group Inc. grew its holdings in Skyworks Solutions by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock valued at $2,101,619,000 after buying an additional 745,374 shares in the last quarter. Finally, KBC Group NV grew its holdings in Skyworks Solutions by 2,156.7% during the 4th quarter. KBC Group NV now owns 440,372 shares of the semiconductor manufacturer’s stock valued at $49,506,000 after buying an additional 420,858 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Susquehanna restated a “neutral” rating and set a $125.00 price target on shares of Skyworks Solutions in a report on Wednesday, July 31st. Wolfe Research cut Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a report on Thursday, May 9th. Stifel Nicolaus raised their price target on Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Finally, Craig Hallum lifted their target price on Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $113.94.

Skyworks Solutions Trading Up 1.8 %

Shares of NASDAQ SWKS opened at $109.59 on Friday. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $108.71 and a two-hundred day simple moving average of $103.39. The firm has a market cap of $17.50 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 5.14 and a beta of 1.23. Skyworks Solutions, Inc. has a twelve month low of $85.06 and a twelve month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.21. The business had revenue of $905.50 million during the quarter, compared to analyst estimates of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. Skyworks Solutions’s revenue was down 15.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 EPS. Analysts expect that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, August 20th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 2.55%. Skyworks Solutions’s payout ratio is 52.63%.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total transaction of $49,720.00. Following the completion of the sale, the vice president now directly owns 9,564 shares of the company’s stock, valued at approximately $1,052,040. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Philip Matthew Carter sold 452 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the completion of the transaction, the vice president now directly owns 9,564 shares of the company’s stock, valued at approximately $1,052,040. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Reza Kasnavi sold 1,843 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the transaction, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at $1,875,888.85. The disclosure for this sale can be found here. Insiders sold a total of 2,747 shares of company stock valued at $302,027 in the last ninety days. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, 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, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.