Skyworks Solutions Inc (NASDAQ:SWKS) Shares Sold by Zebra Capital Management LLC

Zebra Capital Management LLC lowered its stake in Skyworks Solutions Inc (NASDAQ:SWKS) by 18.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,993 shares of the semiconductor manufacturer’s stock after selling 3,110 shares during the period. Skyworks Solutions comprises 0.6% of Zebra Capital Management LLC’s investment portfolio, making the stock its 29th biggest position. Zebra Capital Management LLC’s holdings in Skyworks Solutions were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Xact Kapitalforvaltning AB raised its position in Skyworks Solutions by 0.3% in the 1st quarter. Xact Kapitalforvaltning AB now owns 48,916 shares of the semiconductor manufacturer’s stock valued at $4,035,000 after purchasing an additional 124 shares in the last quarter. Parallel Advisors LLC raised its position in Skyworks Solutions by 10.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,482 shares of the semiconductor manufacturer’s stock valued at $115,000 after purchasing an additional 136 shares in the last quarter. Cerebellum GP LLC raised its position in Skyworks Solutions by 3.9% in the 1st quarter. Cerebellum GP LLC now owns 3,916 shares of the semiconductor manufacturer’s stock valued at $323,000 after purchasing an additional 146 shares in the last quarter. MML Investors Services LLC raised its position in Skyworks Solutions by 2.3% in the 2nd quarter. MML Investors Services LLC now owns 7,344 shares of the semiconductor manufacturer’s stock valued at $567,000 after purchasing an additional 168 shares in the last quarter. Finally, Accurate Investment Solutions Inc. raised its position in Skyworks Solutions by 42.5% in the 2nd quarter. Accurate Investment Solutions Inc. now owns 580 shares of the semiconductor manufacturer’s stock valued at $45,000 after purchasing an additional 173 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.

In other Skyworks Solutions news, Director David J. Aldrich sold 999 shares of Skyworks Solutions stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $76.45, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy R. Furey sold 3,500 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $83.30, for a total value of $291,550.00. Following the completion of the transaction, the director now owns 20,824 shares in the company, valued at $1,734,639.20. The disclosure for this sale can be found here. Insiders have sold a total of 49,499 shares of company stock worth $4,003,924 in the last 90 days. 0.64% of the stock is currently owned by company insiders.



A number of research firms have issued reports on SWKS. Cowen reaffirmed a “market perform” rating and issued a $80.00 price target (down previously from $95.00) on shares of Skyworks Solutions in a research report on Wednesday, June 5th. B. Riley reduced their price target on Skyworks Solutions from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Barclays downgraded Skyworks Solutions from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $75.00 to $80.00 in a report on Thursday, July 18th. Mizuho dropped their price objective on Skyworks Solutions from $89.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, June 5th. Finally, JPMorgan Chase & Co. increased their price objective on Skyworks Solutions from $80.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $86.40.

NASDAQ:SWKS traded down $0.98 during mid-day trading on Wednesday, reaching $79.97. 587,356 shares of the stock were exchanged, compared to its average volume of 1,452,714. The company has a 50 day simple moving average of $78.24 and a 200-day simple moving average of $79.74. The stock has a market capitalization of $14.10 billion, a P/E ratio of 12.06, a P/E/G ratio of 1.75 and a beta of 1.02. Skyworks Solutions Inc has a 1 year low of $60.12 and a 1 year high of $94.39.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.14. The firm had revenue of $767.00 million for the quarter, compared to the consensus estimate of $767.71 million. Skyworks Solutions had a return on equity of 26.60% and a net margin of 26.10%. The firm’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 EPS. Sell-side analysts expect that Skyworks Solutions Inc will post 5.72 EPS for the current fiscal 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 dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Monday, August 26th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.38. Skyworks Solutions’s dividend payout ratio (DPR) is currently 26.55%.

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

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