Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Earnest Partners LLC

Earnest Partners LLC cut its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 634,143 shares of the semiconductor manufacturer’s stock after selling 298 shares during the quarter. Earnest Partners LLC owned 0.40% of Skyworks Solutions worth $67,587,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Duality Advisers LP acquired a new stake in shares of Skyworks Solutions in the 1st quarter worth $1,517,000. State of Tennessee Treasury Department lifted its position in Skyworks Solutions by 152.8% in the fourth quarter. State of Tennessee Treasury Department now owns 118,960 shares of the semiconductor manufacturer’s stock valued at $13,373,000 after purchasing an additional 71,899 shares during the period. Brookstone Capital Management purchased a new stake in Skyworks Solutions in the 1st quarter valued at approximately $262,000. FIL Ltd boosted its holdings in Skyworks Solutions by 2.4% in the 4th quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock valued at $308,724,000 after purchasing an additional 64,389 shares in the last quarter. Finally, Cibc World Markets Corp increased its position in Skyworks Solutions by 133.3% during the 4th quarter. Cibc World Markets Corp now owns 20,523 shares of the semiconductor manufacturer’s stock worth $2,307,000 after purchasing an additional 11,725 shares during the period. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Trading Up 3.0 %

Skyworks Solutions stock opened at $100.07 on Friday. The stock has a market cap of $15.98 billion, a PE ratio of 18.81, a P/E/G ratio of 4.63 and a beta of 1.21. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $105.20 and a 200 day moving average price of $102.81. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.21. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The business had revenue of $905.50 million during the quarter, compared to analyst estimates of $900.41 million. During the same quarter in the previous year, the business posted $1.50 earnings per share. The company’s revenue was down 15.5% on a year-over-year basis. Equities research analysts predict that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current fiscal 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. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio is presently 52.63%.

Insiders Place Their Bets

In other news, SVP Carlos S. Bori sold 9,321 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the transaction, the senior vice president now owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Carlos S. Bori sold 9,321 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 37,203 shares in the company, valued at approximately $3,793,589.91. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction on Friday, August 16th. The shares were 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 owns 17,455 shares in the company, valued at approximately $1,875,888.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,068 shares of company stock valued at $1,252,490. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Susquehanna reissued a “neutral” rating and issued a $125.00 price target on shares of Skyworks Solutions in a report on Wednesday, July 31st. Bank of America boosted their target price on shares of Skyworks Solutions from $95.00 to $110.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 31st. B. Riley upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their price target for the company from $96.00 to $130.00 in a report on Thursday, June 20th. Stifel Nicolaus raised their price objective on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird upped their target price on shares of Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $114.18.

Skyworks Solutions Company 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.