Xponance Inc. Reduces Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Xponance Inc. decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,641 shares of the semiconductor manufacturer’s stock after selling 107 shares during the period. Xponance Inc.’s holdings in Skyworks Solutions were worth $2,306,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bank of Montreal Can grew its stake in Skyworks Solutions by 12.2% in the 2nd quarter. Bank of Montreal Can now owns 184,293 shares of the semiconductor manufacturer’s stock valued at $19,806,000 after buying an additional 20,027 shares in the last quarter. Public Sector Pension Investment Board grew its position in shares of Skyworks Solutions by 78.0% in the second quarter. Public Sector Pension Investment Board now owns 6,148 shares of the semiconductor manufacturer’s stock valued at $655,000 after purchasing an additional 2,694 shares in the last quarter. Fairscale Capital LLC bought a new stake in shares of Skyworks Solutions during the 2nd quarter valued at $143,000. ProShare Advisors LLC lifted its holdings in Skyworks Solutions by 4.9% during the 2nd quarter. ProShare Advisors LLC now owns 136,351 shares of the semiconductor manufacturer’s stock worth $14,532,000 after purchasing an additional 6,411 shares in the last quarter. Finally, Profund Advisors LLC boosted its stake in Skyworks Solutions by 13.3% in the 2nd quarter. Profund Advisors LLC now owns 14,487 shares of the semiconductor manufacturer’s stock worth $1,544,000 after purchasing an additional 1,706 shares during the period. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock opened at $100.07 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $120.86. The business’s 50 day simple moving average is $105.20 and its two-hundred day simple moving average is $102.81. The stock has a market capitalization of $15.98 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 4.63 and a beta of 1.21.

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

Skyworks Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were paid a $0.70 dividend. The ex-dividend date was Tuesday, August 20th. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a dividend yield of 2.80%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 52.63%.

Wall Street Analyst Weigh In

SWKS has been the topic of a number of recent analyst reports. Craig Hallum increased their price target on shares of Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Susquehanna reissued a “neutral” rating and issued a $125.00 price target on shares of Skyworks Solutions in a report on Wednesday, July 31st. TD Cowen boosted their price target on shares of Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Robert W. Baird increased their price objective on Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $114.18.

Insider Activity at Skyworks Solutions

In other news, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction that occurred 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 sale, the vice president now directly owns 9,564 shares in the company, valued at approximately $1,052,040. The sale was disclosed in a filing with the SEC, which is available through this link. In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of Skyworks Solutions stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the sale, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Philip Matthew Carter sold 452 shares of the company’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 sale, the vice president now directly owns 9,564 shares in the company, valued at $1,052,040. The disclosure for this sale can be found here. Insiders have sold a total of 12,068 shares of company stock worth $1,252,490 in the last 90 days. Company insiders own 0.34% of the company’s stock.

About Skyworks Solutions

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.