Guidance Capital Inc. Boosts Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Guidance Capital Inc. boosted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,694 shares of the semiconductor manufacturer’s stock after buying an additional 834 shares during the quarter. Guidance Capital Inc.’s holdings in Skyworks Solutions were worth $988,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BNP Paribas purchased a new stake in shares of Skyworks Solutions during the first quarter valued at $27,000. Rothschild Investment LLC purchased a new stake in shares of Skyworks Solutions during the second quarter valued at $27,000. Innealta Capital LLC purchased a new stake in shares of Skyworks Solutions during the second quarter valued at $27,000. Access Investment Management LLC purchased a new stake in shares of Skyworks Solutions during the first quarter valued at $31,000. Finally, Blue Trust Inc. boosted its stake in shares of Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after purchasing an additional 149 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Up 1.8 %

Shares of SWKS traded up $1.89 during mid-day trading on Monday, hitting $109.59. 1,812,900 shares of the company traded hands, compared to its average volume of 2,442,665. Skyworks Solutions, Inc. has a 1-year low of $85.06 and a 1-year high of $120.86. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $17.58 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 5.14 and a beta of 1.23. The business has a 50 day moving average of $108.71 and a 200 day moving average of $103.37.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.21. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The firm had revenue of $905.50 million for the quarter, compared to the consensus estimate of $900.41 million. During the same quarter in the prior year, the company posted $1.50 earnings per share. The company’s revenue for the quarter was down 15.5% compared to the same quarter last year. Equities research analysts anticipate that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Tuesday, August 20th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio is 52.63%.

Insider Buying and Selling

In related news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $110.00, for a total value of $49,720.00. Following the transaction, the vice president now owns 9,564 shares in the company, valued at approximately $1,052,040. The sale was disclosed in a filing with the SEC, which is available through this link. In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the sale, the vice president now owns 9,564 shares in the company, valued at approximately $1,052,040. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the sale, the senior vice president now owns 17,455 shares in the company, valued at approximately $1,875,888.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,747 shares of company stock worth $302,027. 0.34% of the stock is owned by company insiders.

Analyst Ratings Changes

SWKS has been the subject of a number of recent analyst reports. Craig Hallum boosted their target price on shares of Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Wolfe Research lowered shares of Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research note on Thursday, May 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Barclays upped their price objective on shares of Skyworks Solutions from $85.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and an average price target of $113.94.

Skyworks Solutions Company Profile

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.