Neuburgh Advisers LLC decreased its position in Skyworks Solutions Inc (NASDAQ:SWKS) by 20.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,954 shares of the semiconductor manufacturer’s stock after selling 10,736 shares during the quarter. Neuburgh Advisers LLC’s holdings in Skyworks Solutions were worth $4,055,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC bought a new stake in shares of Skyworks Solutions in the 1st quarter valued at approximately $100,000. Quad Cities Investment Group LLC bought a new stake in shares of Skyworks Solutions in the 2nd quarter valued at approximately $102,000. Catalyst Capital Advisors LLC bought a new stake in shares of Skyworks Solutions in the 2nd quarter valued at approximately $101,000. Mckinley Capital Management LLC Delaware grew its stake in shares of Skyworks Solutions by 67.2% in the 1st quarter. Mckinley Capital Management LLC Delaware now owns 1,478 shares of the semiconductor manufacturer’s stock valued at $148,000 after buying an additional 594 shares in the last quarter. Finally, Cerebellum GP LLC bought a new stake in shares of Skyworks Solutions in the 2nd quarter valued at approximately $171,000. 80.80% of the stock is owned by institutional investors and hedge funds.

In other news, Director David J. Aldrich sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $95.92, for a total transaction of $959,200.00. Following the completion of the transaction, the director now directly owns 152,252 shares in the company, valued at $14,604,011.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 30,000 shares of company stock valued at $2,818,400. Corporate insiders own 0.47% of the company’s stock.

Several research firms recently weighed in on SWKS. Cowen restated a “hold” rating and issued a $105.00 target price (up from $100.00) on shares of Skyworks Solutions in a report on Friday, July 20th. BidaskClub upgraded Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. B. Riley boosted their target price on Skyworks Solutions from $116.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, July 20th. DA Davidson reduced their target price on Skyworks Solutions to $125.00 and set a “buy” rating for the company in a report on Friday, July 20th. Finally, Craig Hallum restated a “buy” rating and issued a $120.00 target price (up from $115.00) on shares of Skyworks Solutions in a report on Friday, July 20th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and nineteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $115.26.

Shares of SWKS stock opened at $91.49 on Friday. Skyworks Solutions Inc has a 12 month low of $86.13 and a 12 month high of $117.65. The company has a market cap of $16.75 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 1.03 and a beta of 0.56.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, July 19th. The semiconductor manufacturer reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. The company had revenue of $894.30 million during the quarter, compared to analyst estimates of $889.00 million. During the same period in the previous year, the company earned $1.57 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. equities research analysts anticipate that Skyworks Solutions Inc will post 6.61 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 28th. Stockholders of record on Tuesday, August 7th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 6th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.32. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.66%. Skyworks Solutions’s payout ratio is 25.42%.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

Featured Article: Find a Trading Strategy That Works

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

Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.