Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by State Treasurer State of Michigan

State Treasurer State of Michigan lowered its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,608 shares of the semiconductor manufacturer’s stock after selling 100 shares during the period. State Treasurer State of Michigan’s holdings in Skyworks Solutions were worth $5,815,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Sit Investment Associates Inc. increased its stake in shares of Skyworks Solutions by 1.6% in the second quarter. Sit Investment Associates Inc. now owns 278,730 shares of the semiconductor manufacturer’s stock valued at $26,744,000 after buying an additional 4,375 shares in the last quarter. Aperio Group LLC increased its stake in shares of Skyworks Solutions by 15.5% in the second quarter. Aperio Group LLC now owns 62,925 shares of the semiconductor manufacturer’s stock valued at $6,038,000 after buying an additional 8,443 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Skyworks Solutions by 20.5% in the second quarter. Nisa Investment Advisors LLC now owns 67,574 shares of the semiconductor manufacturer’s stock valued at $6,484,000 after buying an additional 11,504 shares during the period. LS Investment Advisors LLC increased its stake in Skyworks Solutions by 3.6% in the second quarter. LS Investment Advisors LLC now owns 5,885 shares of the semiconductor manufacturer’s stock valued at $565,000 after buying an additional 203 shares during the period. Finally, Advisors Capital Management LLC increased its stake in Skyworks Solutions by 0.3% in the second quarter. Advisors Capital Management LLC now owns 49,276 shares of the semiconductor manufacturer’s stock valued at $4,728,000 after buying an additional 160 shares during the period. Institutional investors and hedge funds own 81.19% of the company’s stock.

Skyworks Solutions, Inc. (SWKS) opened at 104.74 on Thursday. The stock has a market capitalization of $19.24 billion, a price-to-earnings ratio of 20.10 and a beta of 0.82. The stock’s 50 day moving average is $102.63 and its 200 day moving average is $100.03. Skyworks Solutions, Inc. has a one year low of $65.76 and a one year high of $112.11.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Friday, August 4th. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s payout ratio is 24.57%.

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Several analysts recently commented on SWKS shares. Mizuho reiterated a “buy” rating on shares of Skyworks Solutions in a research report on Friday, April 28th. Charter Equity reiterated a “buy” rating on shares of Skyworks Solutions in a research report on Saturday, April 29th. Craig Hallum upped their price target on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Pacific Crest reiterated an “overweight” rating on shares of Skyworks Solutions in a research report on Monday, April 24th. Finally, ValuEngine downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. Skyworks Solutions has an average rating of “Buy” and an average target price of $110.57.

In other news, insider Liam Griffin sold 8,056 shares of Skyworks Solutions stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $105.31, for a total transaction of $848,377.36. Following the completion of the sale, the insider now directly owns 54,310 shares in the company, valued at approximately $5,719,386.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christine King sold 3,500 shares of Skyworks Solutions stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $108.84, for a total value of $380,940.00. Following the sale, the director now owns 16,436 shares of the company’s stock, valued at $1,788,894.24. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Skyworks Solutions Company Profile

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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