2 weeks Ago By ABMN Staff
Aviso Wealth Management boosted its stake in shares of Skyworks Solutions, Inc. ( NASDAQ:SWKS – Free Report ) by 20.8% during the second quarter, Holdings Channel reports.
The fund owned 24,293 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,179 shares during the period. Skyworks Solutions makes up approximately 1.5% of Aviso Wealth Management’s holdings, making the stock its 10th biggest holding.
Aviso Wealth Management’s holdings in Skyworks Solutions were worth $2,589,000 at the end of the most recent reporting period. Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas bought a new stake in Skyworks Solutions during the 1st quarter worth about $27,000.
Rothschild Investment LLC bought a new position in shares of Skyworks Solutions in the 2nd quarter valued at about $27,000. Innealta Capital LLC bought a new position in shares of Skyworks Solutions in the 2nd quarter valued at about $27,000. Access Investment Management LLC bought a new position in shares of Skyworks Solutions in the 1st quarter valued at about $31,000.
Finally, Blue Trust Inc. boosted its stake in shares of Skyworks Solutions by 79.7% in the 2nd quarter.
Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after purchasing an additional 149 shares during the last quarter. Institutional investors own 85.
43% of the company’s stock. Insider Transactions at Skyworks Solutions In other news, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $110.
00, for a total transaction of $49,720.00. Following the completion of the transaction, the vice president now directly owns 9,564 shares of the company’s stock, valued at approximately $1,052,040.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink . In related news, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $110.
00, for a total value of $49,720.00. Following the completion of the transaction, the vice president now directly owns 9,564 shares of the company’s stock, valued at $1,052,040.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Also, SVP Reza Kasnavi sold 1,843 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $107.
47, for a total transaction of $198,067.21. Following the completion of 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 sold 12,068 shares of company stock valued at $1,252,490 in the last ninety days.
0.34% of the stock is currently owned by corporate insiders. Skyworks Solutions Stock Performance Skyworks Solutions ( NASDAQ:SWKS – Get Free Report ) last announced its earnings results on Tuesday, July 30th.
The semiconductor manufacturer reported $1.21 EPS for the quarter, hitting the consensus estimate of $1.21.
The firm had revenue of $905.50 million for the quarter, compared to the consensus estimate of $900.41 million.
Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%.
The business’s quarterly revenue was down 15.5% on a year-over-year basis. During the same period last year, the company posted $1.
50 EPS. On average, analysts expect 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. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.
70 per share. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68.
This represents a $2.80 annualized dividend and a dividend yield of 2.83%.
The ex-dividend date was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 52.63%.
Analyst Ratings Changes Several research analysts have recently issued reports on the stock. Craig Hallum raised their target price on shares of Skyworks Solutions from $125.00 to $140.
00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Bank of America raised their target price on shares of Skyworks Solutions from $95.00 to $110.
00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. Susquehanna reaffirmed a “neutral” rating and issued a $125.00 target price on shares of Skyworks Solutions in a research note on Wednesday, July 31st.
The Goldman Sachs Group upgraded shares of Skyworks Solutions to a “hold” rating in a research report on Wednesday, July 31st. Finally, Rosenblatt Securities increased their price target on shares of Skyworks Solutions from $120.00 to $130.
00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.
com, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $114.18. Read Our Latest Stock Analysis on Skyworks Solutions Skyworks Solutions Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions, Inc.
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