Banque Cantonale Vaudoise Buys 8,244 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Banque Cantonale Vaudoise increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 191.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,544 shares of the semiconductor manufacturer’s stock after buying an additional 8,244 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Skyworks Solutions were worth $1,359,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SWKS. Czech National Bank lifted its position in Skyworks Solutions by 1.0% during the 1st quarter. Czech National Bank now owns 28,191 shares of the semiconductor manufacturer’s stock worth $3,054,000 after buying an additional 275 shares in the last quarter. Fulton Bank N.A. grew its position in shares of Skyworks Solutions by 7.3% in the 1st quarter. Fulton Bank N.A. now owns 3,780 shares of the semiconductor manufacturer’s stock valued at $409,000 after acquiring an additional 258 shares during the period. Perpetual Ltd increased its position in Skyworks Solutions by 2.9% during the first quarter. Perpetual Ltd now owns 143,387 shares of the semiconductor manufacturer’s stock worth $15,532,000 after buying an additional 4,054 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Skyworks Solutions by 7.3% during the 1st quarter. GAMMA Investing LLC now owns 1,535 shares of the semiconductor manufacturer’s stock worth $166,000 after acquiring an additional 104 shares during the last quarter. Finally, Martin Capital Partners LLC raised its stake in Skyworks Solutions by 36.2% in the 1st quarter. Martin Capital Partners LLC now owns 38,729 shares of the semiconductor manufacturer’s stock valued at $4,195,000 after acquiring an additional 10,287 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 0.5 %

Shares of NASDAQ:SWKS opened at $106.38 on Friday. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $115.69. The company has a market capitalization of $17.07 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 4.96 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.81 and a current ratio of 5.19. The company has a fifty day moving average of $96.56 and a 200-day moving average of $102.65.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. On average, equities analysts predict that Skyworks Solutions, Inc. will post 5.22 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st were given a dividend of $0.68 per share. The ex-dividend date was Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 2.56%. Skyworks Solutions’s dividend payout ratio is presently 51.13%.

Analyst Ratings Changes

A number of brokerages recently commented on SWKS. Wolfe Research lowered shares of Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research note on Thursday, May 9th. UBS Group lowered their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. TD Cowen cut Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the company from $125.00 to $90.00 in a report on Wednesday, May 1st. Susquehanna reaffirmed a “neutral” rating and set a $90.00 price objective (down previously from $125.00) on shares of Skyworks Solutions in a research report on Wednesday, May 1st. Finally, B. Riley raised shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and raised their target price for the company from $96.00 to $130.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $107.19.

Get Our Latest Stock Report on SWKS

Insiders Place Their Bets

In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the transaction, the director now directly owns 60,881 shares in the company, valued at approximately $5,495,727.87. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Liam Griffin bought 11,142 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the acquisition, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert A. Schriesheim sold 25,433 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the sale, the director now owns 60,881 shares in the company, valued at approximately $5,495,727.87. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

About Skyworks Solutions

(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.

Read More

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. (NASDAQ:SWKSFree Report).

Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.