Shares of Skyworks Solutions, Inc. (NASDAQ: SWKS) Sold by Alaska State Department of Revenue

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The Alaska State Department of Revenue cut its stake in shares of Skyworks Solutions, Inc. (NASDAQ: SWKS – Get Rating) by 7.9% in the first quarter, the company said in its latest filing 13F with the Securities and Exchange Commission. The institutional investor held 78,717 shares of the semiconductor maker after selling 6,725 shares during the quarter. The Alaska State Department of Revenue’s holdings in Skyworks Solutions were worth $10,491,000 when it was last filed with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Lindbrook Capital LLC increased its stake in shares of Skyworks Solutions by 108.7% during the fourth quarter. Lindbrook Capital LLC now owns 192 shares of the semiconductor maker valued at $30,000 after buying an additional 100 shares during the period. IronBridge Private Wealth LLC purchased a new stock position in Skyworks Solutions during the fourth quarter worth approximately $32,000. Global Wealth Management Investment Advisory Inc. increased its stake in shares of Skyworks Solutions by 1,294.4% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 251 shares of the semiconductor maker valued at $39,000 after buying 233 additional shares during the period. Andrew Hill Investment Advisors Inc. acquired a new position in Skyworks Solutions during the fourth quarter worth approximately $40,000. Finally, Tyler Stone Wealth Management acquired a new position in Skyworks Solutions during the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors hold 72.09% of the company’s shares.

The NASDAQ SWKS opened at $98.03 on Friday. Skyworks Solutions, Inc. has a 12 month minimum of $88.76 and a 12 month maximum of $197.62. The company has a debt ratio of 0.42, a current ratio of 3.98 and a quick ratio of 2.65. The company has a market capitalization of $15.78 billion, a price-to-earnings ratio of 11.91, a growth price-to-earnings ratio of 0.74 and a beta of 1.13. The company’s fifty-day moving average price is $105.39 and its two-hundred-day moving average price is $128.69.

Skyworks Solutions (NASDAQ:SWKS – Get Rating) last released its quarterly earnings data on Tuesday, May 3. The semiconductor maker reported EPS of $2.29 for the quarter, beating consensus analyst estimates of $2.23 by $0.06. Skyworks Solutions had a net margin of 25.98% and a return on equity of 30.60%. The company posted revenue of $1.34 billion for the quarter, versus a consensus estimate of $1.33 billion. During the same period a year earlier, the company posted EPS of $2.03. The company’s revenues increased by 14.0% compared to the same quarter last year. As a group, analysts expect Skyworks Solutions, Inc. to post EPS of 9.82 for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 14. Shareholders of record on Tuesday, May 24 received a dividend of $0.56. The ex-dividend date was Monday, May 23. This represents a dividend of $2.24 on an annualized basis and a dividend yield of 2.29%. Skyworks Solutions payout ratio is currently 27.22%.

In other news, CEO Liam Griffin sold 10,000 shares of the company in a trade dated Tuesday, March 29. The shares were sold at an average price of $140.00, for a total value of $1,400,000.00. The transaction was disclosed in a filing with the SEC, which is available via this hyperlink. Insiders of the company own 0.31% of the shares of the company.

Several brokerages have recently commented on SWKS. Mizuho lowered its price target on Skyworks Solutions shares from $170.00 to $150.00 and set a “buy” rating for the company in a Tuesday, June 21 research report. B. Riley lowered his price target on Skyworks Solutions shares from $125.00 to $110.00 and set a “neutral” rating for the company in a Wednesday, June 15 research report. Barclays lowered its price target on Skyworks Solutions shares from $160.00 to $140.00 and set an “equal weight” rating for the company in a research report on Monday, April 25. KeyCorp lowered its price target on Skyworks Solutions shares from $225.00 to $175.00 and set an “overweight” rating for the company in a Tuesday, April 12 research report. Finally, TheStreet downgraded shares of Skyworks Solutions from a “b-” rating to a “c+” rating in a Tuesday, June 21 research report. Thirteen research analysts gave the stock a hold rating and ten gave the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $172.64.

Skyworks Solutions Company Profile (Get a rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures and markets proprietary semiconductor products including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa and the rest of Asia. Peaceful. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, analog system products on-chip wireless, directional couplers, diversity receive modules, filters, stub modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops , phase shifters, power dividers/combiners, receivers, switches, synthesizers, timing devices, engineered 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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