Quantum Capital Management Sells 25 Shares of Skyworks Solutions, Inc. (SWKS)
Quantum Capital Management lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,434 shares of the semiconductor manufacturer’s stock after selling 25 shares during the period. Skyworks Solutions makes up 1.9% of Quantum Capital Management’s portfolio, making the stock its 20th biggest position. Quantum Capital Management’s holdings in Skyworks Solutions were worth $7,910,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Invictus RG acquired a new position in Skyworks Solutions in the first quarter worth about $101,000. Winslow Evans & Crocker Inc. raised its position in Skyworks Solutions by 3.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after purchasing an additional 35 shares in the last quarter. WFG Advisors LP raised its position in Skyworks Solutions by 18.6% in the first quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock worth $113,000 after purchasing an additional 181 shares in the last quarter. TrimTabs Asset Management LLC raised its position in Skyworks Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock worth $138,000 after purchasing an additional 664 shares in the last quarter. Finally, Pathstone Family Office LLC acquired a new position in Skyworks Solutions in the first quarter worth about $177,000. 80.84% of the stock is owned by hedge funds and other institutional investors.
Skyworks Solutions, Inc. (SWKS) traded down 4.36% during midday trading on Wednesday, reaching $103.22. 1,158,211 shares of the company’s stock traded hands. Skyworks Solutions, Inc. has a 1-year low of $71.65 and a 1-year high of $112.11. The stock’s 50 day moving average price is $104.54 and its 200 day moving average price is $102.42. The firm has a market cap of $18.97 billion, a price-to-earnings ratio of 19.81 and a beta of 0.81.
Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, beating the Zacks’ 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 company 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 firm posted $1.24 EPS. The company’s quarterly revenue was up 19.8% on a year-over-year basis. Equities research analysts anticipate that Skyworks Solutions, Inc. will post $6.39 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th were paid a $0.32 dividend. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, August 4th. Skyworks Solutions’s dividend payout ratio is currently 24.57%.
In other news, insider Liam Griffin sold 8,056 shares of the company’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 of the company’s stock, valued at approximately $5,719,386.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Christine King sold 3,705 shares of the company’s stock in a transaction 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 sale, the director now directly owns 16,641 shares in the company, valued at $1,777,591.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,371 shares of company stock worth $1,505,093. Insiders own 0.49% of the company’s stock.
Several research firms recently issued reports on SWKS. B. Riley reissued a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a research report on Saturday, July 22nd. Vetr lowered shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $113.85 price target for the company. in a research report on Monday, August 14th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price target on shares of Skyworks Solutions in a research report on Sunday. BidaskClub raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Finally, Craig Hallum reissued a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $111.82.
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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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