CIBC World Markets Inc. Has $1.68 Million Holdings in Skyworks Solutions, Inc. (SWKS)

CIBC World Markets Inc. trimmed its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,457 shares of the semiconductor manufacturer’s stock after selling 758 shares during the quarter. CIBC World Markets Inc.’s holdings in Skyworks Solutions were worth $1,675,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Skyworks Solutions by 2.7% in the first quarter. Vanguard Group Inc. now owns 17,823,006 shares of the semiconductor manufacturer’s stock valued at $1,746,298,000 after purchasing an additional 466,480 shares in the last quarter. BlackRock Inc. grew its stake in Skyworks Solutions by 3,071.2% in the first quarter. BlackRock Inc. now owns 12,053,655 shares of the semiconductor manufacturer’s stock valued at $1,181,019,000 after purchasing an additional 11,673,555 shares in the last quarter. State Street Corp grew its stake in Skyworks Solutions by 0.5% in the first quarter. State Street Corp now owns 7,739,120 shares of the semiconductor manufacturer’s stock valued at $758,285,000 after purchasing an additional 38,898 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Skyworks Solutions by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 2,652,096 shares of the semiconductor manufacturer’s stock valued at $254,468,000 after purchasing an additional 95,860 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Skyworks Solutions by 9.6% in the first quarter. Geode Capital Management LLC now owns 2,170,250 shares of the semiconductor manufacturer’s stock valued at $212,388,000 after purchasing an additional 189,313 shares in the last quarter. Hedge funds and other institutional investors own 80.86% of the company’s stock.

A number of research analysts have weighed in on SWKS shares. Vetr upgraded Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $116.14 price target for the company in a research note on Wednesday, May 17th. ValuEngine downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $120.00 target price on shares of Skyworks Solutions in a research note on Friday, June 16th. Pacific Crest reiterated an “overweight” rating and set a $120.00 target price on shares of Skyworks Solutions in a research note on Wednesday, June 21st. Finally, BidaskClub downgraded Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $111.83.

Skyworks Solutions, Inc. (SWKS) opened at 106.87 on Wednesday. Skyworks Solutions, Inc. has a one year low of $68.25 and a one year high of $112.11. The firm has a 50-day moving average price of $104.29 and a 200 day moving average price of $101.88. The firm has a market capitalization of $19.64 billion, a PE ratio of 20.51 and a beta of 0.81.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $900.80 million during the quarter, compared to analyst estimates of $890.58 million. During the same period last year, the company earned $1.24 earnings per share. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. Analysts anticipate that Skyworks Solutions, Inc. will post $6.39 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th were issued a $0.32 dividend. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Friday, August 4th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 24.57%.

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

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Skyworks Solutions 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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