Skyworks Solutions, Inc. (SWKS) Shares Sold by Investment Centers of America Inc.

Investment Centers of America Inc. lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 16.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,671 shares of the semiconductor manufacturer’s stock after selling 1,505 shares during the quarter. Investment Centers of America Inc.’s holdings in Skyworks Solutions were worth $736,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Skyworks Solutions by 134.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 28,755 shares of the semiconductor manufacturer’s stock worth $2,759,000 after purchasing an additional 16,467 shares in the last quarter. Cibc World Markets Corp boosted its position in shares of Skyworks Solutions by 47.4% during the 1st quarter. Cibc World Markets Corp now owns 20,264 shares of the semiconductor manufacturer’s stock worth $1,985,000 after purchasing an additional 6,514 shares in the last quarter. Shelton Capital Management boosted its position in shares of Skyworks Solutions by 60.1% during the 1st quarter. Shelton Capital Management now owns 38,286 shares of the semiconductor manufacturer’s stock worth $3,751,000 after purchasing an additional 14,365 shares in the last quarter. Sit Investment Associates Inc. boosted its position in shares of Skyworks Solutions by 1.6% during the 2nd quarter. Sit Investment Associates Inc. now owns 278,730 shares of the semiconductor manufacturer’s stock worth $26,744,000 after purchasing an additional 4,375 shares in the last quarter. Finally, Chicago Equity Partners LLC boosted its position in shares of Skyworks Solutions by 337.8% during the 2nd quarter. Chicago Equity Partners LLC now owns 37,020 shares of the semiconductor manufacturer’s stock worth $3,552,000 after purchasing an additional 28,565 shares in the last quarter. 80.86% of the stock is currently owned by institutional investors.

In other Skyworks Solutions news, Director Christine King sold 3,705 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total value of $395,768.10. Following the transaction, the director now directly owns 16,641 shares in the company, valued at $1,777,591.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Liam Griffin sold 2,610 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $99.98, for a total transaction of $260,947.80. Following the completion of the transaction, the insider now owns 50,408 shares in the company, valued at $5,039,791.84. The disclosure for this sale can be found here. Insiders sold 14,371 shares of company stock worth $1,505,093 over the last quarter. Insiders own 0.49% of the company’s stock.

Several equities analysts recently weighed in on SWKS shares. Craig Hallum raised their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Vetr cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $110.24 price target on the stock. in a research report on Wednesday, June 7th. Canaccord Genuity reaffirmed a “buy” rating and issued a $117.00 price target (up previously from $115.00) on shares of Skyworks Solutions in a research report on Saturday, July 22nd. Northland Securities reaffirmed a “buy” rating and issued a $115.00 price target on shares of Skyworks Solutions in a research report on Friday, August 4th. Finally, B. Riley reaffirmed a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a research report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $111.90.

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Skyworks Solutions, Inc. (NASDAQ:SWKS) traded up 2.31% on Friday, reaching $109.55. 2,366,271 shares of the company were exchanged. The firm has a market capitalization of $20.13 billion, a P/E ratio of 21.03 and a beta of 0.81. Skyworks Solutions, Inc. has a 12-month low of $71.65 and a 12-month high of $112.11. The firm has a 50-day moving average of $104.40 and a 200 day moving average of $102.14.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.05. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The business had revenue of $900.80 million for the quarter, compared to the consensus estimate of $890.58 million. During the same period last year, the firm earned $1.24 earnings per share. The company’s quarterly revenue was up 19.8% on a year-over-year basis. On average, equities analysts predict that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th were given a $0.32 dividend. The ex-dividend date was Friday, August 4th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 1.17%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 24.57%.

About Skyworks Solutions

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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