Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Purchased by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. increased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) by 44.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,882 shares of the semiconductor manufacturer’s stock after purchasing an additional 68,262 shares during the period. Clark Capital Management Group Inc. owned 0.14% of Skyworks Solutions worth $29,572,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Pittenger & Anderson Inc. raised its holdings in Skyworks Solutions by 1,750.0% in the 1st quarter. Pittenger & Anderson Inc. now owns 185 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 175 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in Skyworks Solutions by 1,845.5% in the 1st quarter. Financial Management Professionals Inc. now owns 214 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 203 shares during the last quarter. Bank of New Hampshire acquired a new position in Skyworks Solutions in the 1st quarter valued at $30,000. Holloway Wealth Management LLC raised its holdings in Skyworks Solutions by 119.0% in the 1st quarter. Holloway Wealth Management LLC now owns 230 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 125 shares during the last quarter. Finally, IronBridge Private Wealth LLC purchased a new stake in shares of Skyworks Solutions during the 4th quarter valued at $32,000. 74.61% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $102.64 on Friday. The company has a quick ratio of 1.47, a current ratio of 2.37 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average of $104.08 and a two-hundred day moving average of $111.40. Skyworks Solutions, Inc. has a 52 week low of $88.76 and a 52 week high of $182.24. The company has a market cap of $16.47 billion, a P/E ratio of 13.04, a PEG ratio of 0.88 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last issued its earnings results on Thursday, August 4th. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.39. Skyworks Solutions had a return on equity of 30.43% and a net margin of 24.11%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm posted $1.96 earnings per share. Skyworks Solutions’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, analysts anticipate that Skyworks Solutions, Inc. will post 9.95 EPS for the current year.

Skyworks Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th will be given a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 24th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.56. This represents a $2.48 annualized dividend and a dividend yield of 2.42%. Skyworks Solutions’s payout ratio is currently 31.51%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of Skyworks Solutions from $133.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday. B. Riley boosted their price objective on shares of Skyworks Solutions to $120.00 in a research note on Friday, August 5th. Susquehanna Bancshares lowered their price objective on shares of Skyworks Solutions to $120.00 in a research note on Monday, July 25th. Raymond James lowered their price objective on shares of Skyworks Solutions from $170.00 to $150.00 in a research note on Friday, August 5th. Finally, TheStreet cut shares of Skyworks Solutions from a “b-” rating to a “c+” rating in a research report on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and a consensus target price of $141.30.

Insider Transactions at Skyworks Solutions

In other news, SVP Karilee A. Durham sold 5,858 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $112.26, for a total transaction of $657,619.08. Following the completion of the transaction, the senior vice president now directly owns 10,130 shares in the company, valued at $1,137,193.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.31% of the company’s stock.

About Skyworks Solutions

(Get 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 rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, 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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