Private Advisor Group LLC Sold 932 Shares of Skyworks Solutions Inc (SWKS)

Private Advisor Group LLC Sold 932 Shares of Skyworks Solutions Inc (SWKS)

Private Advisor Group LLC decreased its stake in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 9.9% during the first quarter, Holdings Channel reports. The fund owned 8,517 shares of the semiconductor manufacturer’s stock after selling 932 shares during the period. Private Advisor Group LLC’s holdings in Skyworks Solutions were worth $842,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. boosted its position in Skyworks Solutions by 5.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock valued at $103,000 after buying an additional 50 shares during the last quarter. Tompkins Financial Corp bought a new position in Skyworks Solutions during the first quarter valued at approximately $107,000. TrimTabs Asset Management LLC boosted its position in Skyworks Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock valued at $138,000 after buying an additional 664 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Skyworks Solutions during the first quarter valued at approximately $196,000. Finally, Shufro Rose & Co. LLC bought a new position in Skyworks Solutions during the first quarter valued at approximately $206,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Shares of Skyworks Solutions Inc (NASDAQ SWKS) traded up 0.01% during midday trading on Thursday, reaching $106.44. 286,037 shares of the company’s stock were exchanged. The company’s 50 day moving average is $102.42 and its 200-day moving average is $90.98. Skyworks Solutions Inc has a 12 month low of $57.11 and a 12 month high of $107.25. The stock has a market cap of $19.64 billion, a PE ratio of 21.94 and a beta of 0.88. Skyworks Solutions also saw unusually large options trading on Tuesday. Traders acquired 818 call options on the stock. This represents an increase of approximately 177% compared to the average daily volume of 295 call options.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, April 27th. The semiconductor manufacturer reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.03. The company had revenue of $851.70 million during the quarter, compared to the consensus estimate of $840.43 million. Skyworks Solutions had a return on equity of 27.80% and a net margin of 27.40%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 EPS. Equities analysts forecast that Skyworks Solutions Inc will post $6.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Tuesday, May 16th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, May 12th. This represents a $1.12 annualized dividend and a dividend yield of 1.05%. Skyworks Solutions’s payout ratio is 23.63%.

Several research firms recently commented on SWKS. B. Riley reiterated a “buy” rating and set a $120.00 target price on shares of Skyworks Solutions in a research note on Wednesday, May 3rd. Canaccord Genuity upped their target price on shares of Skyworks Solutions from $96.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, March 6th. Vetr cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $101.62 target price for the company. in a research note on Monday, April 3rd. Barclays PLC upped their target price on shares of Skyworks Solutions from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, March 6th. Finally, MKM Partners reiterated a “buy” rating and set a $109.00 target price on shares of Skyworks Solutions in a research note on Wednesday, February 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $100.60.

In other news, insider Liam Griffin sold 18,250 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $101.88, for a total transaction of $1,859,310.00. Following the completion of the transaction, the insider now owns 64,466 shares in the company, valued at approximately $6,567,796.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter L. Gammel sold 1,500 shares of the stock in a transaction on Monday, April 17th. The stock was sold at an average price of $97.92, for a total value of $146,880.00. Following the transaction, the insider now owns 17,605 shares of the company’s stock, valued at approximately $1,723,881.60. The disclosure for this sale can be found here. Insiders have sold a total of 91,458 shares of company stock valued at $9,278,031 in the last quarter. 0.62% of the stock is owned by corporate insiders.

About Skyworks Solutions

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SWKS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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