State Board of Administration of Florida Retirement System increased its holdings in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 263,374 shares of the semiconductor manufacturer’s stock after buying an additional 7,415 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Skyworks Solutions were worth $33,675,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Berman Capital Advisors LLC boosted its holdings in shares of Skyworks Solutions by 103.1% in the 2nd quarter. Berman Capital Advisors LLC now owns 199 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 101 shares during the last quarter. Certified Advisory Corp lifted its holdings in Skyworks Solutions by 541.3% during the first quarter. Certified Advisory Corp now owns 295 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 249 shares during the last quarter. SeaBridge Investment Advisors LLC purchased a new stake in Skyworks Solutions during the second quarter valued at about $26,000. Johnson Financial Group Inc. purchased a new stake in Skyworks Solutions during the first quarter valued at about $27,000. Finally, Jacobi Capital Management LLC lifted its holdings in Skyworks Solutions by 447.5% during the second quarter. Jacobi Capital Management LLC now owns 1,292 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 1,056 shares during the last quarter. Institutional investors and hedge funds own 79.00% of the company’s stock.
Shares of SWKS stock traded up $1.47 during trading on Friday, hitting $142.10. The company had a trading volume of 24,360 shares, compared to its average volume of 1,865,172. Skyworks Solutions Inc has a 52 week low of $67.90 and a 52 week high of $149.49. The company has a quick ratio of 4.09, a current ratio of 5.83 and a debt-to-equity ratio of 0.04. The stock’s 50-day moving average is $137.56 and its two-hundred day moving average is $114.28. The stock has a market capitalization of $23.73 billion, a price-to-earnings ratio of 31.01, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, July 23rd. The semiconductor manufacturer reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.13. Skyworks Solutions had a net margin of 24.13% and a return on equity of 20.73%. The business had revenue of $736.80 million for the quarter, compared to analysts’ expectations of $690.06 million. During the same period last year, the business earned $1.35 earnings per share. On average, research analysts predict that Skyworks Solutions Inc will post 4.91 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.50 per share. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.44. This represents a $2.00 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Monday, August 10th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 35.03%.
In other Skyworks Solutions news, SVP Carlos S. Bori sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $120.00, for a total transaction of $600,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David J. Aldrich sold 15,100 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $144.42, for a total transaction of $2,180,742.00. Following the transaction, the director now owns 135,226 shares in the company, valued at $19,529,338.92. The disclosure for this sale can be found here. Insiders have sold 67,025 shares of company stock worth $8,973,377 over the last quarter. Company insiders own 0.40% of the company’s stock.
SWKS has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on shares of Skyworks Solutions from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Raymond James upped their price objective on shares of Skyworks Solutions from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Needham & Company LLC upped their price objective on shares of Skyworks Solutions from $125.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Citigroup upped their price objective on shares of Skyworks Solutions from $102.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Finally, Goldman Sachs Group increased their price target on shares of Skyworks Solutions from $107.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $137.88.
Skyworks Solutions Company 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, antenna tuners, 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 locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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