Johnson Financial Group Inc. trimmed its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 55.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,360 shares of the semiconductor manufacturer’s stock after selling 8,073 shares during the period. Johnson Financial Group Inc.’s holdings in Skyworks Solutions were worth $610,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Girard Partners LTD. increased its position in Skyworks Solutions by 0.3% in the 2nd quarter. Girard Partners LTD. now owns 5,819 shares of the semiconductor manufacturer’s stock worth $558,000 after buying an additional 16 shares during the period. Cadence Capital Management LLC increased its position in Skyworks Solutions by 0.3% in the 2nd quarter. Cadence Capital Management LLC now owns 7,687 shares of the semiconductor manufacturer’s stock worth $738,000 after buying an additional 21 shares during the period. Winslow Evans & Crocker Inc. increased its position in Skyworks Solutions by 3.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after buying an additional 35 shares during the period. Montag A & Associates Inc. increased its position in Skyworks Solutions by 0.5% in the 2nd quarter. Montag A & Associates Inc. now owns 9,108 shares of the semiconductor manufacturer’s stock worth $874,000 after buying an additional 41 shares during the period. Finally, Cleararc Capital Inc. increased its position in Skyworks Solutions by 1.1% in the 1st quarter. Cleararc Capital Inc. now owns 4,544 shares of the semiconductor manufacturer’s stock worth $445,000 after buying an additional 50 shares during the period. 80.86% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Christine King sold 3,705 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total transaction of $395,768.10. Following the sale, the director now owns 16,641 shares of the company’s stock, valued at approximately $1,777,591.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Liam Griffin sold 8,056 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $105.31, for a total value of $848,377.36. Following the sale, the insider now directly owns 54,310 shares in the company, valued at approximately $5,719,386.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,371 shares of company stock worth $1,505,093. Company insiders own 0.49% of the company’s stock.

Several research analysts have commented on SWKS shares. Vetr raised Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $116.14 price target on the stock in a research report on Wednesday, May 17th. ValuEngine downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Skyworks Solutions in a research report on Friday, June 16th. Pacific Crest reaffirmed an “overweight” rating and issued a $120.00 price target on shares of Skyworks Solutions in a research report on Wednesday, June 21st. Finally, BidaskClub downgraded Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. Skyworks Solutions currently has a consensus rating of “Buy” and a consensus price target of $111.71.

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Skyworks Solutions, Inc. (SWKS) traded down 1.68% during midday trading on Friday, hitting $104.64. The stock had a trading volume of 969,549 shares. The company’s 50-day moving average price is $104.30 and its 200 day moving average price is $101.72. Skyworks Solutions, Inc. has a 52 week low of $65.76 and a 52 week high of $112.11. The company has a market capitalization of $19.23 billion, a PE ratio of 20.08 and a beta of 0.81.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.05. The firm had revenue of $900.80 million for the quarter, compared to the consensus estimate of $890.58 million. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The company’s revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 EPS. On average, analysts expect that Skyworks Solutions, Inc. will post $6.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Friday, August 4th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s dividend payout ratio (DPR) is currently 24.57%.

Skyworks Solutions Company Profile

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.

Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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