Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Leavell Investment Management Inc.

Leavell Investment Management Inc. cut its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,535 shares of the semiconductor manufacturer’s stock after selling 340 shares during the period. Leavell Investment Management Inc.’s holdings in Skyworks Solutions were worth $2,082,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SWKS. Sequoia Financial Advisors LLC lifted its position in shares of Skyworks Solutions by 4.0% during the second quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor manufacturer’s stock worth $239,000 after purchasing an additional 87 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of Skyworks Solutions by 3.0% during the first quarter. HB Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock worth $349,000 after purchasing an additional 94 shares in the last quarter. Albert D Mason Inc. lifted its position in shares of Skyworks Solutions by 0.7% during the first quarter. Albert D Mason Inc. now owns 14,591 shares of the semiconductor manufacturer’s stock worth $1,581,000 after purchasing an additional 99 shares in the last quarter. John G Ullman & Associates Inc. lifted its position in shares of Skyworks Solutions by 3.1% during the fourth quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock worth $371,000 after purchasing an additional 100 shares in the last quarter. Finally, Lcnb Corp lifted its position in shares of Skyworks Solutions by 2.4% during the fourth quarter. Lcnb Corp now owns 4,355 shares of the semiconductor manufacturer’s stock worth $490,000 after purchasing an additional 100 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Stock Performance

Shares of SWKS traded up $3.89 during midday trading on Thursday, hitting $108.77. 2,233,630 shares of the stock traded hands, compared to its average volume of 2,505,052. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $120.86. The firm has a market capitalization of $17.45 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 4.79 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75. The business’s 50 day moving average price is $107.55 and its two-hundred day moving average price is $103.11.

Skyworks Solutions (NASDAQ:SWKS) last announced 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 during the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The company’s revenue for the quarter was down 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 earnings per share. Equities research analysts predict that Skyworks Solutions, Inc. will post 5.21 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, August 20th. This represents a $2.80 annualized dividend and a yield of 2.57%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio is presently 52.63%.

Wall Street Analysts Forecast Growth

SWKS has been the topic of a number of recent research reports. Stifel Nicolaus boosted their target price on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Susquehanna reissued a “neutral” rating and set a $125.00 target price on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Craig Hallum lifted their price target on shares of Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Bank of America lifted their price target on shares of Skyworks Solutions from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird lifted 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. Two investment analysts have rated the stock with a sell rating, seventeen have issued 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 a consensus target price of $113.94.

Insider Buying and Selling

In related news, Director Robert A. Schriesheim sold 25,433 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the sale, the director now owns 60,881 shares of the company’s stock, valued at $5,495,727.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the sale, the director now directly owns 60,881 shares of the company’s stock, valued at approximately $5,495,727.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were 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 directly owns 9,112 shares of the company’s stock, valued at $1,093,440. The disclosure for this sale can be found here. Insiders sold 26,337 shares of company stock valued at $2,399,797 over the last 90 days. 0.34% of the stock is currently owned by company 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.