Wedge Capital Management L L P NC Raises Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Wedge Capital Management L L P NC boosted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 373,096 shares of the semiconductor manufacturer’s stock after buying an additional 15,561 shares during the period. Wedge Capital Management L L P NC’s holdings in Skyworks Solutions were worth $61,479,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sei Investments Co. raised its holdings in Skyworks Solutions by 6.7% in the 2nd quarter. Sei Investments Co. now owns 84,544 shares of the semiconductor manufacturer’s stock valued at $16,239,000 after buying an additional 5,293 shares during the period. First Interstate Bank purchased a new stake in Skyworks Solutions during the second quarter worth about $4,824,000. Mcrae Capital Management Inc. increased its stake in Skyworks Solutions by 7.5% during the second quarter. Mcrae Capital Management Inc. now owns 58,951 shares of the semiconductor manufacturer’s stock worth $11,304,000 after purchasing an additional 4,103 shares during the period. Susquehanna Fundamental Investments LLC increased its stake in Skyworks Solutions by 119.7% during the second quarter. Susquehanna Fundamental Investments LLC now owns 14,500 shares of the semiconductor manufacturer’s stock worth $2,780,000 after purchasing an additional 7,900 shares during the period. Finally, FMR LLC increased its stake in Skyworks Solutions by 12.6% during the second quarter. FMR LLC now owns 3,631,307 shares of the semiconductor manufacturer’s stock worth $696,304,000 after purchasing an additional 406,414 shares during the period. Hedge funds and other institutional investors own 73.55% of the company’s stock.

In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,247 shares of the stock in a transaction on Wednesday, September 1st. The stock was sold at an average price of $184.07, for a total value of $1,702,095.29. Following the completion of the transaction, the senior vice president now owns 23,534 shares in the company, valued at $4,331,903.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert John Terry sold 8,374 shares of the stock in a transaction on Monday, November 8th. The stock was sold at an average price of $164.19, for a total value of $1,374,927.06. The disclosure for this sale can be found here. Insiders have sold 57,712 shares of company stock valued at $9,542,419 in the last 90 days. Company insiders own 0.38% of the company’s stock.

A number of brokerages have issued reports on SWKS. Morgan Stanley boosted their price target on shares of Skyworks Solutions from $192.00 to $204.00 and gave the stock an “equal weight” rating in a research note on Friday, July 30th. Susquehanna Bancshares reiterated a “hold” rating and set a $195.00 price target on shares of Skyworks Solutions in a research note on Friday, July 30th. B. Riley cut their target price on shares of Skyworks Solutions from $245.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, November 5th. Credit Suisse Group restated a “buy” rating and set a $380.00 target price on shares of Skyworks Solutions in a research note on Friday, July 30th. Finally, Robert W. Baird lowered shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $220.00 to $165.00 in a research note on Wednesday, October 13th. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions presently has a consensus rating of “Buy” and a consensus target price of $211.42.

Shares of SWKS stock traded up $0.24 during trading hours on Thursday, hitting $157.04. The stock had a trading volume of 1,949,473 shares, compared to its average volume of 1,867,622. The firm has a market capitalization of $25.93 billion, a PE ratio of 17.51, a PEG ratio of 1.23 and a beta of 1.09. Skyworks Solutions, Inc. has a twelve month low of $134.28 and a twelve month high of $204.00. The stock’s 50 day moving average is $165.10 and its 200 day moving average is $174.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.52 and a quick ratio of 1.69.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Thursday, November 4th. The semiconductor manufacturer reported $2.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.35. Skyworks Solutions had a return on equity of 32.70% and a net margin of 29.33%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the company earned $1.59 earnings per share. The company’s revenue was up 37.0% compared to the same quarter last year. As a group, equities analysts predict that Skyworks Solutions, Inc. will post 10.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 14th. Stockholders of record on Tuesday, November 23rd will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Monday, November 22nd. Skyworks Solutions’s dividend payout ratio (DPR) is presently 24.97%.

Skyworks Solutions Profile

Skyworks Solutions, Inc engages in the design, development, and manufacture of proprietary semiconductor products. Its product portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, synthesizers, power dividers and combiners, receivers, switches, and technical ceramics.

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

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