Securian Asset Management Inc. Sells 200 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Securian Asset Management Inc. lessened its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,134 shares of the semiconductor manufacturer’s stock after selling 200 shares during the period. Securian Asset Management Inc.’s holdings in Skyworks Solutions were worth $974,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Czech National Bank grew its stake in Skyworks Solutions by 8.5% during the 2nd quarter. Czech National Bank now owns 30,574 shares of the semiconductor manufacturer’s stock valued at $3,259,000 after purchasing an additional 2,383 shares during the last quarter. Unison Advisors LLC increased its stake in Skyworks Solutions by 0.7% during the 2nd quarter. Unison Advisors LLC now owns 17,274 shares of the semiconductor manufacturer’s stock worth $1,841,000 after buying an additional 114 shares in the last quarter. Twelve Points Wealth Management LLC lifted its holdings in Skyworks Solutions by 11.0% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 15,303 shares of the semiconductor manufacturer’s stock valued at $1,631,000 after purchasing an additional 1,521 shares in the last quarter. Gilman Hill Asset Management LLC grew its stake in Skyworks Solutions by 1.5% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 37,387 shares of the semiconductor manufacturer’s stock valued at $3,985,000 after acquiring an additional 567 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in Skyworks Solutions during the second quarter worth $5,779,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on SWKS. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. The Goldman Sachs Group upgraded shares of Skyworks Solutions to a “hold” rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their price target on shares of Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Craig Hallum boosted their target price on shares of Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Benchmark cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $113.94.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS traded down $0.03 during trading hours on Monday, hitting $102.00. The stock had a trading volume of 881,996 shares, compared to its average volume of 2,507,462. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $120.86. The stock’s fifty day simple moving average is $106.42 and its 200 day simple moving average is $103.07. The firm has a market capitalization of $16.29 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 4.79 and a beta of 1.23.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, hitting analysts’ consensus estimates of $1.21. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The business had revenue of $905.50 million for the quarter, compared to the consensus estimate of $900.41 million. During the same period in the previous year, the firm earned $1.50 EPS. The business’s revenue for the quarter was down 15.5% on a year-over-year basis. Sell-side analysts anticipate that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Tuesday, August 20th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio is 51.13%.

Insider Transactions at Skyworks Solutions

In related news, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total transaction of $49,720.00. Following the sale, the vice president now directly owns 9,564 shares of the company’s stock, valued at $1,052,040. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Robert A. Schriesheim sold 25,433 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the sale, the director now owns 60,881 shares of the company’s stock, valued at approximately $5,495,727.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Philip Matthew Carter sold 452 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total transaction of $49,720.00. Following the completion of the sale, the vice president now directly owns 9,564 shares in the company, valued at approximately $1,052,040. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,337 shares of company stock worth $2,399,797. 0.34% of the stock is owned by insiders.

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.