Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Inspire Investing LLC

Inspire Investing LLC decreased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 24.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,274 shares of the semiconductor manufacturer’s stock after selling 7,814 shares during the quarter. Inspire Investing LLC’s holdings in Skyworks Solutions were worth $2,587,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas purchased a new stake in Skyworks Solutions in the 1st quarter valued at $27,000. Innealta Capital LLC acquired a new stake in Skyworks Solutions in the 2nd quarter valued at about $27,000. Rothschild Investment LLC purchased a new position in Skyworks Solutions during the 2nd quarter worth approximately $27,000. Access Investment Management LLC purchased a new position in Skyworks Solutions during the 1st quarter worth approximately $31,000. Finally, Blue Trust Inc. grew its stake in Skyworks Solutions by 79.7% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 149 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total transaction of $54,240.00. Following the sale, the vice president now owns 9,112 shares in the company, valued at $1,093,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total transaction of $54,240.00. Following the completion of the transaction, the vice president now directly owns 9,112 shares of the company’s stock, valued at $1,093,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $107.47, for a total value of $198,067.21. Following the transaction, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at $1,875,888.85. The disclosure for this sale can be found here. Insiders have sold 12,068 shares of company stock worth $1,252,490 over the last quarter. 0.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on SWKS. Rosenblatt Securities raised their price target on Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. TD Cowen lifted their target price on Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Piper Sandler reiterated a “neutral” rating and issued a $115.00 target price (up from $95.00) on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Craig Hallum lifted their target price on Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $113.94.

Skyworks Solutions Trading Down 0.5 %

NASDAQ:SWKS opened at $96.23 on Thursday. 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, Inc. has a one year low of $85.06 and a one year high of $120.86. The business’s 50-day simple moving average is $107.52 and its 200 day simple moving average is $103.11. The stock has a market cap of $15.37 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 4.56 and a beta of 1.21.

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

Skyworks Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, August 20th. This represents a $2.80 annualized dividend and a yield of 2.91%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio is presently 52.63%.

About Skyworks Solutions

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.