Boston Private Wealth LLC Decreases Position in Skyworks Solutions, Inc. (SWKS)
Boston Private Wealth LLC reduced its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,113 shares of the semiconductor manufacturer’s stock after selling 726 shares during the period. Boston Private Wealth LLC’s holdings in Skyworks Solutions were worth $5,768,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the stock. BlackRock Inc. boosted its stake in Skyworks Solutions by 3,071.2% in the first quarter. BlackRock Inc. now owns 12,053,655 shares of the semiconductor manufacturer’s stock valued at $1,181,019,000 after buying an additional 11,673,555 shares in the last quarter. Winslow Capital Management LLC acquired a new stake in Skyworks Solutions during the first quarter valued at $205,388,000. Boston Partners acquired a new stake in Skyworks Solutions during the first quarter valued at $82,702,000. AQR Capital Management LLC boosted its stake in Skyworks Solutions by 138.9% in the first quarter. AQR Capital Management LLC now owns 1,406,274 shares of the semiconductor manufacturer’s stock valued at $137,787,000 after buying an additional 817,721 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Skyworks Solutions by 2.7% in the first quarter. Vanguard Group Inc. now owns 17,823,006 shares of the semiconductor manufacturer’s stock valued at $1,746,298,000 after buying an additional 466,480 shares in the last quarter. 81.26% of the stock is owned by institutional investors.
Skyworks Solutions, Inc. (SWKS) opened at 102.235 on Monday. Skyworks Solutions, Inc. has a 12-month low of $65.76 and a 12-month high of $112.11. The company has a 50-day moving average price of $103.25 and a 200 day moving average price of $100.57. The company has a market cap of $18.78 billion, a PE ratio of 19.623 and a beta of 0.82.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, topping the consensus estimate of $1.52 by $0.05. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The firm had revenue of $900.80 million for the quarter, compared to analyst estimates of $890.58 million. During the same period in the prior year, the business posted $1.24 EPS. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. On average, analysts forecast that Skyworks Solutions, Inc. will post $6.39 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th will be issued a $0.32 dividend. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, August 4th. Skyworks Solutions’s dividend payout ratio is currently 24.57%.
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Several equities research analysts have recently weighed in on SWKS shares. Mizuho reissued a “buy” rating on shares of Skyworks Solutions in a research report on Friday, April 28th. Charter Equity reissued a “buy” rating on shares of Skyworks Solutions in a research report on Saturday, April 29th. Craig Hallum increased their price objective on Skyworks Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Pacific Crest reaffirmed an “overweight” rating on shares of Skyworks Solutions in a research report on Monday, April 24th. Finally, ValuEngine cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $110.15.
In other news, Director Christine King sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $108.84, for a total value of $380,940.00. Following the transaction, the director now directly owns 16,436 shares in the company, valued at approximately $1,788,894.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Liam Griffin sold 8,056 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $105.31, for a total transaction of $848,377.36. Following the completion of the transaction, the insider now owns 54,310 shares in the company, valued at $5,719,386.10. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.
About Skyworks Solutions
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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