Algert Global LLC Has $1.21 Million Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Algert Global LLC grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 204.6% during the second quarter, Holdings Channel reports. The firm owned 6,327 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,250 shares during the quarter. Algert Global LLC’s holdings in Skyworks Solutions were worth $1,213,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SWKS. E Fund Management Co. Ltd. acquired a new position in Skyworks Solutions during the 1st quarter worth approximately $700,000. JPMorgan Chase & Co. increased its holdings in Skyworks Solutions by 61.5% during the 1st quarter. JPMorgan Chase & Co. now owns 388,672 shares of the semiconductor manufacturer’s stock worth $71,314,000 after purchasing an additional 147,983 shares in the last quarter. Advisors Capital Management LLC increased its holdings in Skyworks Solutions by 8.9% during the 1st quarter. Advisors Capital Management LLC now owns 2,780 shares of the semiconductor manufacturer’s stock worth $510,000 after purchasing an additional 228 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Skyworks Solutions by 22.0% during the 1st quarter. Quadrant Capital Group LLC now owns 627 shares of the semiconductor manufacturer’s stock worth $115,000 after purchasing an additional 113 shares in the last quarter. Finally, Pittenger & Anderson Inc. increased its holdings in Skyworks Solutions by 2,500.0% during the 1st quarter. Pittenger & Anderson Inc. now owns 260 shares of the semiconductor manufacturer’s stock worth $48,000 after purchasing an additional 250 shares in the last quarter. 74.01% of the stock is currently owned by institutional investors.

In other Skyworks Solutions news, CEO Liam Griffin sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $186.02, for a total value of $1,860,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy R. Furey sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 6th. The stock was sold at an average price of $186.05, for a total transaction of $372,100.00. Following the completion of the sale, the director now owns 18,758 shares of the company’s stock, valued at $3,489,925.90. The disclosure for this sale can be found here. Insiders have sold 48,534 shares of company stock worth $8,912,599 over the last ninety days. Insiders own 0.38% of the company’s stock.

Several research firms have recently issued reports on SWKS. B. Riley upped their target price on Skyworks Solutions from $235.00 to $245.00 and gave the company a “buy” rating in a report on Friday, July 30th. Barclays upped their target price on Skyworks Solutions from $185.00 to $200.00 and gave the company an “equal weight” rating in a report on Tuesday, June 29th. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $195.00 target price on shares of Skyworks Solutions in a report on Friday, July 30th. Raymond James reaffirmed a “buy” rating and issued a $220.00 target price on shares of Skyworks Solutions in a report on Friday, July 30th. Finally, Robert W. Baird lowered Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $220.00 to $165.00 in a report on Wednesday. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $206.09.

NASDAQ SWKS traded up $3.86 during trading hours on Thursday, reaching $159.08. 14,331 shares of the stock traded hands, compared to its average volume of 1,879,640. The stock has a 50 day simple moving average of $175.40 and a two-hundred day simple moving average of $178.98. Skyworks Solutions, Inc. has a 1 year low of $134.28 and a 1 year high of $204.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 7.82 and a quick ratio of 6.42. The company has a market cap of $26.27 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 0.99 and a beta of 1.08.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, July 29th. The semiconductor manufacturer reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.01. Skyworks Solutions had a return on equity of 31.74% and a net margin of 29.84%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm earned $1.25 earnings per share. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 9.23 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 7th. Stockholders of record on Tuesday, August 17th were paid a dividend of $0.56 per share. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Monday, August 16th. Skyworks Solutions’s dividend payout ratio (DPR) is 42.99%.

Skyworks Solutions Profile

Skyworks Solutions, Inc engages in the design, development, and manufacture of proprietary semiconductor products. Its product portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, synthesizers, power dividers and combiners, receivers, switches, and technical ceramics.

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

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