AQR Capital Management LLC lifted its stake in Skyworks Solutions Inc (NASDAQ:SWKS) by 26.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,708,676 shares of the semiconductor manufacturer’s stock after purchasing an additional 775,470 shares during the quarter. AQR Capital Management LLC owned 2.16% of Skyworks Solutions worth $286,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of SWKS. Next Capital Management LLC grew its stake in shares of Skyworks Solutions by 118.7% during the 2nd quarter. Next Capital Management LLC now owns 339 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 184 shares during the period. Cribstone Capital Management LLC purchased a new stake in shares of Skyworks Solutions during the 2nd quarter worth approximately $37,000. Accurate Investment Solutions Inc. raised its holdings in shares of Skyworks Solutions by 42.5% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 580 shares of the semiconductor manufacturer’s stock worth $45,000 after acquiring an additional 173 shares in the last quarter. AlphaOne Investment Services LLC purchased a new stake in shares of Skyworks Solutions during the 1st quarter worth approximately $54,000. Finally, Bremer Bank National Association purchased a new stake in shares of Skyworks Solutions during the 1st quarter worth approximately $58,000. 80.55% of the stock is owned by hedge funds and other institutional investors.
In other news, Director David J. Aldrich sold 999 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $76.45, for a total transaction of $76,373.55. Following the transaction, the director now directly owns 204,031 shares in the company, valued at approximately $15,598,169.95. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David J. Aldrich sold 10,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $85.88, for a total transaction of $858,800.00. Following the transaction, the director now directly owns 213,032 shares of the company’s stock, valued at approximately $18,295,188.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,749 shares of company stock valued at $2,701,484. 0.64% of the stock is currently owned by insiders.
SWKS has been the topic of several analyst reports. Craig Hallum boosted their target price on Skyworks Solutions from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Benchmark initiated coverage on Skyworks Solutions in a research report on Friday, September 20th. They issued a “buy” rating and a $94.00 price objective on the stock. Canaccord Genuity dropped their price target on Skyworks Solutions from $83.00 to $82.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays downgraded Skyworks Solutions from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $75.00 to $80.00 in a research report on Thursday, July 18th. Finally, Cowen upgraded Skyworks Solutions from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $80.00 to $95.00 in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. Skyworks Solutions presently has an average rating of “Hold” and a consensus price target of $87.21.
Shares of Skyworks Solutions stock traded up $0.51 during trading hours on Friday, reaching $85.40. 2,380,135 shares of the company’s stock were exchanged, compared to its average volume of 1,748,272. The firm has a market capitalization of $13.86 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 1.70 and a beta of 1.04. The company has a fifty day moving average of $78.58 and a 200-day moving average of $79.46. Skyworks Solutions Inc has a 52-week low of $60.12 and a 52-week high of $94.39.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 EPS for the quarter, beating the consensus estimate of $1.21 by $0.14. The company had revenue of $767.00 million for the quarter, compared to analyst estimates of $767.71 million. Skyworks Solutions had a return on equity of 26.60% and a net margin of 26.10%. The firm’s revenue was down 14.2% compared to the same quarter last year. During the same period last year, the company posted $1.64 earnings per share. As a group, equities analysts forecast that Skyworks Solutions Inc will post 5.72 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.06%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, August 26th. Skyworks Solutions’s dividend payout ratio (DPR) is 26.55%.
Skyworks Solutions Profile
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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