Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 33.9% during the second quarter, HoldingsChannel.com reports. The fund owned 53,875 shares of the semiconductor manufacturer’s stock after selling 27,619 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Skyworks Solutions were worth $5,742,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC grew its holdings 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 valued at $239,000 after buying an additional 87 shares in the last quarter. HB Wealth Management LLC boosted its position in Skyworks Solutions by 3.0% during the 1st quarter. HB Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock worth $349,000 after acquiring an additional 94 shares during the period. Albert D Mason Inc. grew its stake in Skyworks Solutions by 0.7% during the 1st quarter. Albert D Mason Inc. now owns 14,591 shares of the semiconductor manufacturer’s stock valued at $1,581,000 after acquiring an additional 99 shares in the last quarter. Lcnb Corp increased its holdings in shares of Skyworks Solutions by 2.4% in the 4th quarter. Lcnb Corp now owns 4,355 shares of the semiconductor manufacturer’s stock valued at $490,000 after purchasing an additional 100 shares during the period. Finally, AlphaMark Advisors LLC increased its holdings in shares of Skyworks Solutions by 14.8% in the 2nd quarter. AlphaMark Advisors LLC now owns 777 shares of the semiconductor manufacturer’s stock valued at $83,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Activity

In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total transaction of $49,720.00. Following the transaction, the vice president now owns 9,564 shares of the company’s stock, valued at approximately $1,052,040. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the transaction, the vice president now owns 9,564 shares in the company, valued at $1,052,040. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Carlos S. Bori sold 9,321 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the sale, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at $3,793,589.91. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,068 shares of company stock worth $1,252,490. 0.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on SWKS shares. Barclays boosted 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 report on Tuesday, July 30th. Susquehanna restated a “neutral” rating and set a $125.00 price target on shares of Skyworks Solutions in a report on Wednesday, July 31st. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their price target on Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and an average target price of $113.94.

Skyworks Solutions Price Performance

NASDAQ:SWKS opened at $102.47 on Monday. The company has a market capitalization of $16.37 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 4.71 and a beta of 1.21. The company has a 50-day moving average of $107.89 and a 200-day moving average of $103.23. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.21. The firm had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The business’s revenue was down 15.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.50 earnings per share. As a group, equities research analysts anticipate that Skyworks Solutions, Inc. will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 2.73%. Skyworks Solutions’s dividend payout ratio is 52.63%.

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.