Fort Washington Investment Advisors Inc. OH Has $577,000 Stake in Skyworks Solutions, Inc. (SWKS)
Fort Washington Investment Advisors Inc. OH lessened its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,018 shares of the semiconductor manufacturer’s stock after selling 300 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Skyworks Solutions were worth $577,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of SWKS. Invictus RG purchased a new position in shares of Skyworks Solutions in the 1st quarter valued at about $101,000. Winslow Evans & Crocker Inc. increased its stake in Skyworks Solutions by 3.3% during 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 in the last quarter. WFG Advisors LP increased its stake in Skyworks Solutions by 18.6% during the 1st quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock worth $113,000 after buying an additional 181 shares in the last quarter. TrimTabs Asset Management LLC increased its stake in Skyworks Solutions by 89.0% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock worth $138,000 after buying an additional 664 shares in the last quarter. Finally, Pathstone Family Office LLC purchased a new stake in Skyworks Solutions during the 1st quarter worth approximately $177,000. 80.84% of the stock is owned by institutional investors and hedge funds.
Shares of Skyworks Solutions, Inc. (NASDAQ SWKS) opened at 109.55 on Monday. The firm has a market cap of $20.13 billion, a P/E ratio of 21.03 and a beta of 0.81. Skyworks Solutions, Inc. has a 52 week low of $71.65 and a 52 week high of $112.11. The stock’s 50 day moving average is $104.40 and its 200 day moving average is $102.14.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.05. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The business had revenue of $900.80 million during the quarter, compared to the consensus estimate of $890.58 million. During the same quarter in the prior year, the firm earned $1.24 EPS. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. On average, equities research analysts predict that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th were given a $0.32 dividend. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, August 4th. This represents a $1.28 annualized dividend and a yield of 1.17%. Skyworks Solutions’s dividend payout ratio is 24.57%.
Several research firms have commented on SWKS. Vetr lowered Skyworks Solutions from a “buy” rating to a “hold” rating and set a $112.42 price objective for the company. in a research note on Monday. Needham & Company LLC reiterated a “buy” rating and set a $110.00 price objective on shares of Skyworks Solutions in a research note on Sunday. Craig Hallum reiterated a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, September 13th. KeyCorp reiterated an “overweight” rating on shares of Skyworks Solutions in a research note on Thursday. Finally, Zacks Investment Research upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research note on Monday, September 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Skyworks Solutions presently has an average rating of “Buy” and a consensus price target of $111.82.
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In other Skyworks Solutions news, insider Liam Griffin sold 2,610 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $99.98, for a total value of $260,947.80. Following the transaction, the insider now owns 50,408 shares in the company, valued at approximately $5,039,791.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Christine King sold 3,705 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total transaction of $395,768.10. Following the completion of the transaction, the director now owns 16,641 shares in the company, valued at approximately $1,777,591.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,371 shares of company stock valued at $1,505,093. 0.49% of the stock is owned by insiders.
Skyworks Solutions 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.
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