7,449 Shares in Skyworks Solutions, Inc. (NASDAQ:SWKS) Bought by M&G Plc

M&G Plc purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,449 shares of the semiconductor manufacturer’s stock, valued at approximately $797,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Skyworks Solutions by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock worth $2,101,619,000 after acquiring an additional 745,374 shares during the period. Pzena Investment Management LLC lifted its stake in shares of Skyworks Solutions by 27.5% in the 1st quarter. Pzena Investment Management LLC now owns 3,429,148 shares of the semiconductor manufacturer’s stock worth $371,445,000 after acquiring an additional 740,048 shares during the period. FIL Ltd lifted its stake in shares of Skyworks Solutions by 2.4% in the 4th quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock worth $308,724,000 after acquiring an additional 64,389 shares during the period. Norges Bank acquired a new stake in shares of Skyworks Solutions in the 4th quarter worth $226,266,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Skyworks Solutions by 11.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,806,327 shares of the semiconductor manufacturer’s stock worth $203,093,000 after acquiring an additional 185,355 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS opened at $106.70 on Wednesday. The company has a market cap of $17.04 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 4.79 and a beta of 1.23. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. The company has a 50-day simple moving average of $106.96 and a 200-day simple moving average of $103.06.

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

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.62%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, August 20th. Skyworks Solutions’s payout ratio is 51.13%.

Analyst Ratings Changes

Several brokerages recently commented on SWKS. Robert W. Baird raised their price objective on shares of Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. raised their price objective on shares of Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. UBS Group reduced their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Barclays raised their price objective on shares of Skyworks Solutions from $85.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Finally, Stifel Nicolaus raised their price objective on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $113.94.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the transaction, the director now directly owns 60,881 shares of the company’s stock, valued at $5,495,727.87. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Robert A. Schriesheim sold 25,433 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the transaction, the director now directly owns 60,881 shares of the company’s stock, valued at $5,495,727.87. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Philip Matthew Carter sold 452 shares of the business’s 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 transaction, the vice president now directly owns 9,112 shares in the company, valued at $1,093,440. The disclosure for this sale can be found here. Insiders have sold a total of 26,337 shares of company stock valued at $2,399,797 over the last ninety days. 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.