Skyworks Solutions, Inc. (NASDAQ:SWKS) Position Boosted by Denali Advisors LLC

Denali Advisors LLC boosted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 49.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,808 shares of the semiconductor manufacturer’s stock after buying an additional 1,600 shares during the quarter. Denali Advisors LLC’s holdings in Skyworks Solutions were worth $512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas acquired a new stake in shares of Skyworks Solutions during the 1st quarter valued at approximately $27,000. Innealta Capital LLC bought a new stake in Skyworks Solutions during the second quarter valued at $27,000. Rothschild Investment LLC acquired a new stake in shares of Skyworks Solutions during the second quarter worth $27,000. Access Investment Management LLC bought a new position in shares of Skyworks Solutions in the 1st quarter worth about $31,000. Finally, Blue Trust Inc. boosted its holdings in shares of Skyworks Solutions by 79.7% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after buying an additional 149 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Trading Down 0.5 %

Skyworks Solutions stock opened at $96.75 on Wednesday. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $120.86. The stock has a market capitalization of $15.45 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 4.56 and a beta of 1.21. The firm has a 50 day simple moving average of $107.71 and a 200-day simple moving average of $103.17. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.21. The company had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The firm’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same period last year, the firm earned $1.50 EPS. As a group, equities research analysts expect that Skyworks Solutions, Inc. will post 5.21 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.89%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio is presently 52.63%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SWKS shares. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. B. Riley upgraded Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their price target for the stock from $96.00 to $130.00 in a research report on Thursday, June 20th. Stifel Nicolaus boosted their price objective on Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Barclays increased their target price on Skyworks Solutions from $85.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Finally, Susquehanna reissued a “neutral” rating and set a $125.00 price target on shares of Skyworks Solutions in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $113.94.

Insider Activity

In related news, VP Philip Matthew Carter sold 452 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total value of $54,240.00. Following the sale, the vice president now directly owns 9,112 shares in the company, valued at approximately $1,093,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total transaction of $54,240.00. Following the completion of the sale, the vice president now owns 9,112 shares in the company, valued at approximately $1,093,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Reza Kasnavi sold 1,843 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the sale, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at $1,875,888.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,068 shares of company stock worth $1,252,490. Corporate insiders own 0.34% of the company’s stock.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.